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  • Pro-business Jaitley makes right noises in Indian Budget, but concrete action lacking

    July 10, 2014

    Delivering his first Budget speech today, Arun Jaitley, India’s new finance minister, pledged to maintain a stable tax environment, but disappointed multinational taxpayers by not removing rules on retrospective tax. Indeed, while the majority of the finance minister’s proposals sound business-friendly enough, taxpayers would have liked more concrete detail.

  • Altadis, BMW, Iberdrola and Repsol react to Spanish tax reform

    June 24, 2014

    Taxpayers in Spain got some welcome news last week when the government announced a tax reform package, including a cut in the corporate tax rate, by two percentage points to 28% next year, and another – to 25% – from the start of 2016. Tax executives from BMW, Iberdrola and Repsol share their initial reactions to the reform with International Tax Review, with all wanting more information before they could be completely satisfied with the measures.

  • Automatic exchange of information gets closer with OECD's publication of global standard

    July 21, 2014

    The OECD today unveiled the full version of the new global standard for automatic exchange of information between jurisdictions, which will be presented to the meeting of G20 finance ministers in Cairns, Australia on September 20 and 21.

  • Germany announces full EITI implementation

    July 09, 2014

    The German government has committed to prepare for the full implementation of the Extractive Industries Transparency Initiative (EITI).

  • Have your say on ITR's development

    July 14, 2014

    The new www.internationaltaxreview.com website went live in late May. Take the opportunity to influence how it develops by completing our survey.

Corporate Tax

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Indirect Tax

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  • Arthur Laffer: Where US tax policy has gone wrong

    July 22, 2014

    Arthur Laffer, renowned economist and inventor of the curve that bears his name, met with International Tax Review to discuss what he would change about US tax policy, why he favours a flat tax, and why simplification should be central to tax reform.

  • Arthur Laffer guides governments on optimising tobacco taxes

    July 22, 2014

    As excise taxes become increasingly important sources of revenue for national governments around the world, Arthur Laffer explains why countries must retain fiscal sovereignty when setting rates on products such as tobacco.

  • Australia repeals carbon tax

    July 17, 2014

    Tony Abbott’s government has today won its battle to scrap the controversial carbon pricing mechanism, which sought to place a levy on the country’s biggest polluters.

Compliance Management

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Tax Disputes

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  • ECJ rules Danish tax system violates freedom of establishment over recapture of losses

    July 23, 2014

    Nordea Bank receives a favourable ruling in the European Court of Justice (ECJ), after Denmark’s recapture of losses rule is found in breach of EU freedom of establishment.

  • EU VAT Forum paves the way to greater harmonisation

    July 16, 2014

    The European Commission’s pilot scheme looks to improve the framework for resolving cross-border VAT disputes, and while the project is making some positive strides in harmonising EU VAT, it requires better communication if it is to succeed.

  • UK tax authority to acquire new controversial powers

    July 16, 2014

    HM Revenue & Customs (HMRC) will be granted the authority to issue ‘follower’ and ‘accelerated payment’ notices when the Finance Bill comes into effect later this month, forcing users of disclosed tax avoidance schemes to concede on tax disputes and make payments upfront to the revenue pending appeal.

ITR Magazine

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  • International updates - July/August 2014

    July 11, 2014

    The latest international updates from our correspondents around the world.

  • BEPS and CbCR: A retrapolation five years on

    July 01, 2014

    One of the most contentious issues being considered as part of the OECD’s base erosion and profit shifting (BEPS) project is the notion of country-by-country reporting (CbCR) of multinational companies’ tax information. Frank Schoeneborn, head of group operational transfer pricing in the finance and accounting division at Merck Group in Germany, steps forward in time to take a hypothetical look at the reporting standard five years after implementation.

  • What chief financial officers need from their tax directors

    July 01, 2014

    Jean-Louis Huchant, a former chief financial officer in France, explains what information and support a CFO requires from a tax director to ensure that tax considerations are taken into account, though do not dominate, business decisions.

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July / August 2014

One lap to go: BEPS at half time

As those involved in the OECD's base erosion and profit shifting (BEPS) project reach for the halftime oranges and energy drinks, our special BEPS feature looks at the progress made to date and explores the hurdles that litter the track ahead as the bell rings to signify the last lap in this race against an ambitious timeframe to produce meaningful outcomes. The finish line is fast approaching, but while the podium, medals and bouquets are being readied, this last lap is sure to be a tough, sweaty slog to completion, and with the volume of work to be done, success could come down to a photo finish.

Which possible outcome of the G20 / OECD BEPS project would carry the biggest fear for your company?