November 22, 2013
Four jurisdictions have received the thumbs-down from their peers in new compliance ratings issued by the OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes.
November 21, 2013
Belgium and Sweden could have to defend their tax policies in the European Court of Justice (ECJ) after the European Commission referred both to the court yesterday. Belgium is in trouble because the commission believes its withholding tax rules contain two discriminatory provisions and Sweden faces action because of how it applies VAT to postal services.
November 01, 2013
Developing countries often impose withholding tax on payments for certain offshore services. Companies should be aware of where in the world this occurs and the potential protection under tax treaties so they can plan accordingly, says Konstantin Korobchenko of EY and the University of Leiden.
October 22, 2013
Find out which firms have been ranked in World Tax 2014, the annual directory of the leading tax advisory and law firms, is now live online.
October 10, 2013
The European Court of Justice’s (ECJ) decision to disallow the Belgian tax authorities’ attempt to turn exempt capital gains into taxable profits in the Gimle case gives taxpayers certainty on the accounting treatment of acquisitions and removes the need to undertake contrived intra-group transactions to obtain an exemption.
September 18, 2013
After last week’s opinion from the European Council's legal service stated that part of the residence principle of the proposed European financial transaction tax (FTT) is incompatible with European law, some proponents feared the worst. But the end is not necessarily nigh.
August 14, 2013
The third edition of International Tax Review’s Tax Controversy Leaders guide is out now. Find out who the top-rated disputes specialists are in your jurisdiction.
July 23, 2013
Now the dust from last week’s G20 finance ministers’ meeting in Moscow is beginning to settle, the question is to what extent the OECD’s action plan for tackling base erosion and profit shifting (BEPS) marks a turning point in the history of international taxation, and whether the timeframes outlined in the report are realistic.
July 19, 2013
The OECD Action Plan for tackling base erosion and profit shifting (BEPS) was unveiled this morning at the G20 meeting of finance ministers in Moscow. The plan discusses a timeframe of between 12 and 24 months for implementing action and outlines how the OECD will work with national states to improve the overall tax take and clamp down on tax arbitrage by addressing perceived flaws in international rules.
July 11, 2013
A judgment of the European Court of Justice (ECJ) in a case involving Argenta Spaarbank (Argenta) should benefit Belgian companies with loss-making permanent establishments (PE) in other member states and will impact tax deduction regimes in EU countries.
July 02, 2013
Belgium is to shut down a loophole that allows companies to avoid corporate taxation on annual dividend distributions to shareholders, the government has confirmed.
May 22, 2013
As EU leaders prepare to meet later today to discuss the financial transaction tax (FTT) and improving the efficiency of tax collection, progress must be made on agreeing the scope of the FTT. Even if a consensus emerges, the original timetable for implementation may be delayed to January 2015.
May 20, 2013
International Tax Review has produced tax disputes reference guides for 26 countries. The guides look at how multinationals can avoid and manage tax disputes in each jurisdiction as well as offering insight about the future litigation strategies of individual tax authorities.
May 16, 2013
Rosneft, the Russian energy company, was named as European in-house team of the year for direct tax at International Tax Review’s European Tax Awards last night.
May 01, 2013
April 16, 2013
After a joint statement from the finance ministers of France, Germany, Italy, Spain and the UK (the G5) that they will push for greater exchange of bank information, other countries have signalled their willingness to join the effort.
April 08, 2013
In-house tax departments, both big and small, have extra chances at recognition at International Tax Review’s European Tax Awards 2013 presentation at the Dorchester hotel in London on May 15.
April 04, 2013
Brazilian taxpayers remain in suspense after the Supreme Federal Court (STF) began its judgment in Extraordinary Appeal 611,586 on the constitutionality of Brazil’s controlled foreign company (CFC) rules yesterday, only to suspend the full verdict until next week.
March 27, 2013
January 24, 2013
The European Tax Awards are back in 2013, even bigger and better than before.
January 22, 2013
Striking a balance between bringing in revenue and attracting investment is a key concern for tax policymakers. But, as taxpayers at the Developing a Tax Environment for Growth and Competitiveness conference in Vienna last week pointed out, that balance is difficult to achieve because it is often based on undefined underlying assumptions.