COMPLIANCE MANAGEMENT
Australia looks to join FATCA allianceAustralia could sign a bilateral agreement with the US to implement FATCA.
Draft of forthcoming IFRS on general hedge accountingThe International Accounting Standards Board has published a draft final standard with revised proposals for hedge accounting.
CORPORATE TAX
Chile hikes corporate tax rate amid raft of reformsThe Senate has approved a tax reform bill that raises the corporate tax rate by three percentage points.
Poland unveils partnership u-turn among corporate tax changesPoland will have new rules on the treatment of partnership companies limited by shares; thin capitalisation and contributions in kind, if draft amendments to corporate tax legislation are passed.
INDIRECT TAX
Australian carbon tax continues to cause controversy despite changesThe Australian government has made changes to its carbon pricing mechanism
Businesses responding well to China's carbon tax pilotChina is making strong progress on carbon taxation as Guangdong province releases a detailed plan for its pilot
TAX DISPUTES
ECJ's ruling on Portugal exit tax extendsmeaning of National Grid Indus decisionThe European Court of Justice (ECJ) decision last week that Portugal's exit tax rules are incompatible with EU law will affect all EU taxpayers as it broadens the scope of the National Grid Indus judgment.
Manufacturers hit by US rulling in Union Carbide R&D rulingThe US Court of Appeals for the Second Circuit's ruling against Union Carbide will create headaches for manufacturing companies claiming R&D credits
