CURRENT ISSUE JUNE 2009 Recession keeps Europe's top tax directors on their toes Though companies continue to feel the strain of the downturn, the top 10 tax directors in Europe tell Joanna Faith that the recession is not the only issue keeping in-house tax departments busy Click here for more Forgot password?

Cover Story Features Managing the downturn Comment News People and Firms Tax relief Austria Australia Brazil Canada Chile Cyprus European Union Finland Germany India Indonesia Ireland Italy Mauritius Mexico Norway Poland Spain Sweden Turkey US Inbound US Outbound India Budget 2009: managing the tax expectations India, at arm's length; transfer pricing developments in India UK Budget 2009 report  Cover Story Recession keeps Europe's top tax directors on their toes Though companies continue to feel the strain of the downturn, the top 10 tax directors in Europe tell Joanna Faith that the recession is not the only issue keeping in-house tax departments busy June 2009 Firms show sparkle in tax planning Uncertainty about the fate of the global economy and a more uncompromising attitude generally from tax authorities around the world has encouraged taxpayers to go to tax planning with long-standing reputations. As a result, the biggest professional services firms are near or at the top of International Tax Review's second annual poll to find the world's leading planning practices May 2009  Features Sodexho tax leader wants better VAT rules Anthony Lister, UK tax director of Sodexho, tells Georgiana Head the UK should get rid of the exempt and zero rated distinction  June 2009 The tax esperanto The world is growing smaller and companies should put a single-transfer pricing focus on income tax, VAT/GST and customs duties to come out ahead, says Astrid Pieron and Charles-Albert Helleputte from the European Transfer Pricing Centre of Mayer Brown  June 2009 VAT automation is a mission-critical investment Automating VAT tax calculations reduces risk as more countries adopt VAT style taxes and look to them for increased revenue, explains Chris Walsh, chief international indirect tax officer of Vertex June 2009 Tribunal clarifies cross-border group relief claims Alison Last of Dorsey & Whitney explains why the First-Tier Tribunal's decision in the latest M&S hearing on the UK's group relief rules, does not provide certainty for every taxpayer with losses they want to surrender June 2009 Courts raise doubts about permanent establishment Recent case law in India suggests that international taxpayers should review their permanent establishment risk periodically, believe Srinivasa Rao and Rajendra Nayak of Ernst & Young June 2009 Tools of the trade for the stand alone tax director Anthony Lewis, EU tax & treasury director of Affiliated Computer Services, provides an insight into the unwritten job of the stand alone tax director at the average US multinational June 2009 Executives confront economic implications Tax executives at the Asia Tax Executives' Forum had much on their minds, including a mounting compliance burden, the increasing aggression of the tax authorities in the region and pressure from management to generate revenue and cut costs June 2009 HMRC succeeds in DSG litigation As well as being the first major UK transfer pricing case, the DSG litigation offers taxpayers some valuable lessons on strategy and dispute resolution, argues Murray Clayson of Freshfields Bruckhaus Deringer June 2009 Administration unveils foreign tax reform proposals Alan Winston Granwell, Jeffrey Korenblatt and Evan Migdail from DLA Piper discuss the implications of Obama's plans for taxation of foreign income  June 2009 Time arrives for coordination on green taxes The potential of tax policy to help combat climate change will be lost unless governments start cooperating, argue Mark Schofield and Harry Manisty of PricewaterhouseCoopers June 2009 New winds blowing for US energy tax policy Environmental taxation is becoming more and more relevant to companies around the world. President Barack Obama is leading the way to encouraging better practices by offering numerous tax breaks and incentives. John Gimigliano and Robert Swiech of KPMG discuss the coming changes in the US June 2009 Managing the bankruptcy of Lehman Brothers Bankruptcy is a trying time for any company. For a business as large and as complex as Lehman Brothers, the process was and continues to be nothing short of traumatic. Working through the tax implications is a significant part of the work. Catherine Snowdon talks to Darryl Steinberg, managing director and senior tax counsel to Lehman Brothers Holdings and one of his chief advisers, Mike Lippman, managing director at Alvarez & Marsal Taxand June 2009 Whiting gets his point across One of the most well-known figures in UK tax tells Georgiana Head that the government should continue to work at how legislation is introduced and implemented May 2009 Court strives for balance on economic substance Italian Supreme Court decisions on the abuse of right in 2008 and this year looked for harmonisation between business freedom and protection of the fundamental principles of the State legal system, reveals Maricla Pennesi of DLA Piper May 2009 Exemption reforms are timely benefit The changes to its exemption regime for foreign-sourced income has boosted Singapore's credentials as a pro-business, tax-competitive jurisdiction, explains Sunil Agarwal and Kah Chuan Ho of PricewaterhouseCoopers May 2009 Tax guidelines boost Islamic finance in France Economic context and UK experience explain France's move on Islamic finance, says Nicolas Jacquot of Landwell & Associés May 2009 Hay stresses need for closer cooperation Diane Hay, former deputy director, CT & VAT and head of the Transfer Pricing Group at HMRC tells Catherine Snowdon about some of the main difficulties she tackled while at the revenue authority and part of working party 6, offers taxpayers an insight into how transfer pricing cases are selected in the UK and talks about the future of transfer pricing. May 2009  Managing the downturn Hungary to get tougher CFC regime by Joanna Faith  June 2009 Q&A Marina Capel, head of tax, Asia at Thomson Reuters June 2009 Outsourcing becomes luxury in recession Joanna Faith finds out the pros and cons of outsourcing in-house tax functions in a recession June 2009 Companies get help with business rates by Ralph Cunningham  May 2009 Owens resists blaming tax havens for economic downturn by Joanna Faith in Brussels  May 2009 Q&A John Bartlett from BP explains how the recession has had an impact on his tax department May 2009 How APAs fit into today's regulatory landscape Advanced pricing agreements can position businesses better in this environment, say Mark Nehoray and Reiko Ishii of Deloitte May 2009 Getting transfer pricing right in the recession and beyond In a recession transfer pricing risk is intensified as tax authorities scrutinise intercompany payments rigorously in an attempt to recover cash. Joanna Faith finds out what tax departments can do to improve their positions and avoid aggressive auditing in the downturn. May 2009  Comment Editorial  June 2009 Editorial Getting wise about transfer pricing May 2009 Tax havens come under more scrutiny from world leaders Miles Walton of Allen & Overy argues that tax havens play an important role in achieving certainty of tax treatment, while Martin Hearson of ActionAid believes that global information exchange is the key to ensuring that such locations do not deprive developing countries of vital funds May 2009  News Hungarian VAT rules breach EU law By David Stevenson  June 2009 Obama starts conflict over international reforms Companies and even fellow Democrats are lining up to fight President Obama over his plans to reform America's international tax rules. By Ralph Cunningham, London and Catherine Snowdon, New York June 2009 China releases corporate restructuring tax rules By Joanna Faith  June 2009 Supreme Court rules against CRA By Catherine Snowdon  June 2009 Russian court makes taxpayer think twice about losses By Jack Grocott  June 2009 New rules for senior accounting officers in the UK mean more work for tax directors By Joanna Faith  June 2009 Ways and Means staffer discounts reform By Catherine Snowdon, Washington DC  May 2009 Pakistan's ACCA proposes corporate tax changes By International Tax Review May 2009 World leaders keep their word and crack down on tax havens By Joanna Faith and Jack Grocott May 2009 European Commission leaves multinationals waiting nervously By Jack Grocott May 2009 Emergency budget improves Ireland's IP regime By Joanna Faith May 2009  People and Firms KPMG appoints three in the UK  June 2009 Allen & Overy promotes one  June 2009 Obama nominates new IRS chief counsel  June 2009 Ex-tax commissioner appointed South African finance minister  June 2009 Former Justice tax chief moves on  June 2009 Stuffer brings in-house experience to PwC  June 2009 Ashurst promotes one  May 2009 Cragus hires former tax director  May 2009 BMR Advisors adds three new partners  May 2009 Skadden gains two partners  May 2009 Dolan leaves Merrill Lynch for Shearman & Sterling  May 2009 VMW Taxand takes three from Deloitte  May 2009 Ernst & Young strengthens in financial services  May 2009 Steinberg heads back to private practice  May 2009 Ex-Deloitte boss gets government role  May 2009 Bird & Bird gains a partner  May 2009 DLA expands tax practice  May 2009  Tax relief Tax relief A monthly commentary on the notable facts, figures and goings-on in the tax world, so called to give you a gentle exit from International Tax Review each month.  June 2009 Tax relief A monthly commentary on the notable facts, figures and goings-on in the tax world, so called to give you a gentle exit from International Tax Review each month. May 2009 Capital Markets Mergers & Acquisitions Transfer Pricing Intellectual Property India Ireland Switzerland North America US-Netherlands treaty changes prompt James Hardie move June 30, 2009 Judge slams CRA for pursuing penalty case June 30, 2009 Advisers concerned about UK tax code of practice June 30, 2009 European Commission questions Spain's rules on capital gains June 30, 2009 New Australia and New Zealand double tax agreement slashes withholding tax June 30, 2009 Deals of the Week June 30, 2009 UK enhances tax network June 29, 2009 Cayman Islands FSA chief attacks OECD principles June 25, 2009 more... 1. Ruling on taxation of capital gains under India/Mauritius tax treaty 2. International trusts and double tax treaty provisions 3. Recent changes in Austrian tax law 4. Transfer pricing issues 5. New VAT rules for taxation of services - as from 2010 6. Recession keeps Europe's top tax directors on their toes 7. Insights into Australia's complex tax system 8. Ending discrimination against EU-based foreign pension funds 9. Beneficial owner defined in new income tax law 10. Ireland: less taxing for intellectual property FULL ARCHIVE December 1997 to present

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