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Compliance Management Archive

  • October 2017

    Italmoda case shows businesses need more protection against unfair VAT fraud sanctions

    October 31, 2017

    International businesses trading cross-border should be more protected against tax authorities combatting VAT fraud by denying certain rights. Jan Sanders, an international VAT specialist who works as an indirect tax manager at RELX, draws this conclusion after the Dutch Supreme Court released its final judgment in the Italmoda case.

  • Electricity auctions in Mexico – relevant tax considerations for investors

    October 30, 2017

    When evaluating energy projects in Mexico it is common for companies focused on commercial and business matters to persevere without analysing the tax and legal considerations. These pose risks to the project, company and its shareholders' internal rates of return.

  • Survey: Do you know the best tax transactional and tax planning firms?

    October 30, 2017

    There are many tax practitioners willing to offer you advice on your next merger, acquisition or other deal, but how do you know which firm to choose?

  • South Africa stalls on tax hikes to deal with political ‘hot potato’

    October 27, 2017

    Despite the widespread perception of tax increases being inevitable, Finance Minister Malusi Gigaba avoided presenting any such changes in his mid-term budget.

  • Amazon and eBay profiting from VAT evaders

    October 26, 2017

    The UK is losing billions of pounds in revenues each year from online VAT fraud committed by foreign traders. But with Amazon and eBay profiting from the fraudsters, and HMRC not doing enough to tackle the problem, Anjana Haines explores whether collaboration or conviction is the better solution

  • Harmful tax incentives critically curtailed: BEPS Action 5 in action

    October 26, 2017

    BEPS Action 5 – Countering harmful tax practices more effectively by taking into account transparency and substance is one of the four BEPS minimum standards. To date, 102 jurisdictions have committed to its implementation, and 2017 is a decisive year in translating that commitment into action. Achim Pross, Kevin Shoom and Melissa Dejong of the OECD, discuss the first results of the work under BEPS Action 5, and its significance in achieving the goals of the BEPS project.

  • Panama Papers committee calls for minimum EU tax rate

    October 25, 2017

    The final draft report of the European Parliament’s Panama Papers Committee of Inquiry (the PANA committee) calls for the EU to implement a minimum tax rate across its member states. This proposal is a part of package of reforms that could have major implications for EU tax policy.

  • World Tax 2018 released

    October 23, 2017

    After six months of research and contacting thousands of firms around the world, International Tax Review is pleased to present World Tax 2018, which can be viewed at http://www.itrworldtax.com.

  • Amazon and eBay profiting from foreign traders avoiding UK VAT

    October 18, 2017

    The UK is losing billions of pounds in revenues each year from online VAT fraud committed by foreign traders. But with Amazon and eBay profiting from the fraudsters, and HMRC not doing enough to tackle the problem, is collaboration or conviction the better solution?

  • Austria’s next coalition spells tax cuts

    October 18, 2017

    Sebastian Kurz is poised to become the first conservative Austrian chancellor in more than a decade and his claim on power puts tax cuts on the agenda.

  • Brazil increases tax benefits for the oil and gas sector

    October 18, 2017

    The federal government has amended the customs and tax treatment applicable to the oil and gas sector to boost investment and provide tax certainty.

  • Mexico announces first special economic zones

    October 11, 2017

    President Peña Nieto signed three decrees on September 29 2017 in order to create and delimit Mexico’s first special economic zones (SEZs), which are meant to attract investment in underdeveloped areas of the southern states of the country by granting major tax holidays and special customs regimes to persons authorised to operate therein.

  • Business costs to fall as EU agree on MAP

    October 11, 2017

    Ministers of the EU Economic and Financial Affairs Council (ECOFIN) have agreed on a new system for resolving double taxation disputes between member states that could see litigation and compliance costs fall considerably for businesses operating in the EU.

  • Key Features of Ireland’s 2018 budget

    October 10, 2017

    The Irish Minister for Finance has delivered his budget speech. John Gulliver, Maura Dineen, Niamh Keogh and Eilis Griffin of Mason Hayes & Curran note the highlights.

  • UK and Ireland brace for customs chaos as ‘no-deal’ Brexit looms

    October 10, 2017

    The UK has released a white paper examining possibilities for its post-Brexit customs system once it leaves the EU’s customs union, and a more revealing report by Ireland’s Revenue has added further detail.

  • Carriage monitoring in Poland – new requirements on foreign businesses

    October 10, 2017

    Foreign businesses transporting goods into or through Poland face heavy financial penalties if they fail to comply with the Monitoring Act. Lidia Adamek-Baczynska, and Olga Palczewska of Doradztwo Podatkowe WTS&Saja explain the key points of the new law.

  • What should businesses do with their taxes in Catalonia?

    October 06, 2017

    The Catalonia region of Spain has been plunged into chaos with police violence, riots and strikes following an independence referendum declared illegitimate by the Spanish government on October 1. How should businesses react?

  • Amazon slapped with €250 million bill for illegal state aid

    October 04, 2017

    Luxembourg will have to reclaim €250 million ($294 million), plus interest, from Amazon for “undue tax benefits” after the European Commission announced its state aid decision in the case. But the amount is surprisingly small and many say the decision doesn’t tackle the real issue.

  • Does Jersey’s 2018 budget spell the end of a tax haven?

    October 04, 2017

    Around 30 foreign-owned companies will be affected by plans announced in Jersey’s 2018 budget to raise taxes on the island’s biggest retailers and redefine the term “financial services company” to increase revenues.

  • Dutch caretaker government proposes contentious refinement of VAT rate for medicines

    October 03, 2017

    In the recently launched 2018 tax plan, the Dutch government has proposed to narrow the definition of medicine for the application of the reduced VAT rate. Jan Sanders, indirect tax manager at RELX, discusses the proposal in the light of the growing appetite, at EU level, for simplifying the structure of VAT rates.

  • Recent tax and transfer pricing developments in Greece

    October 03, 2017

    Eftichia Piligou and Vasiliki Athanasaki of Deloitte Greece discuss the major tax and transfer pricing developments taking place in Greece.

  • World Tax showcases the world’s top tax firms

    October 02, 2017

    International Tax Review and TP Week are proud to present World Tax 2018 and World Transfer Pricing 2018, the comprehensive guides to the leading tax advisory practices, including law and accountancy firms, around the world. Joe Stanley-Smith, World Tax editor, introduces the guides.

  • Challenging asymmetric data, leveraging public data

    October 02, 2017

    The OECD has continued to evaluate and work on refining its transfer pricing guidelines regarding several BEPS initiatives, write David Jarczyk and John Wiora of ktMINE.

  • Austria’s Hans Jörg Schelling eyes EU digital tax rules

    October 02, 2017

    Austrian Federal Minister of Finance Hans Jörg Schelling has not held back on his views of how to tax multinational corporations so they pay their fair share. He talks to Anjana Haines about what he has planned over the coming year.

International Tax Review Profile

RT @EssentiaGlobal: The recently Dutch coalition agreement has confirmed that there will be an increase in the reduced VAT rate from 6% to…

Dec 15 2017 01:03 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @PSaintAmans: US and France signing Joint statement @OECD to ensure CBCR information will be properly exchanged #BEPS #tax https://t.co/

Dec 15 2017 12:42 ·  reply ·  retweet ·  favourite
International Tax Review Profile

@iaincampbell07 @hselftax Hi Iain, I'll get someone from our subscriptions team to look into this for you. The… https://t.co/Bt5U4bJhgY

Dec 15 2017 11:37 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Also, check out our exclusive interview with had of the Chinese State Administration of Taxation, Wang Jun:… https://t.co/weaUNXiuoQ

Dec 15 2017 11:10 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Of the 32 #GlobalTax50 profiles referring to a single person, five are from Asia. This includes two of the top 10:… https://t.co/PgiK5EyNqe

Dec 15 2017 11:03 ·  reply ·  retweet ·  favourite
International Correspondents