Copying and distributing are prohibited without permission of the publisher

Compliance Management Archive

  • June 2017

    The minority tax report: Japan’s tax authority to embark on AI

    June 28, 2017

    Steven Spielberg’s science-fiction film the Minority Report is becoming a reality as Japan announces plans to use artificial intelligence (AI) to ‘talk’ to taxpayers and hunt them for auditing and investigation.

  • How does the French tax system favour Google and the digital industry?

    June 21, 2017

    Google may escape a €1.6 billion ($1.8 billion) French tax bill after a state representative reportedly said that Google France does not have a permanent establishment in the country.

  • Are beneficial ownership registers the key to transparency or a waste of time?

    June 21, 2017

    The Financial Action Task Force (FATF) wants to enhance the implementation of international standards on transparency, and enable the exchange of beneficial ownership information. But the Australian Taxation Office’s (ATO) commissioner has declared beneficial ownership registers could be “a waste of time”.

  • European Commission to crack down on ‘supply side’ of tax avoidance

    June 20, 2017

    Leaked documents reportedly reveal the Commission is seeking to tighten its regulation of what activists term the ‘supply side’ of tax avoidance – the banks, law and accountancy firms that devise aggressive schemes.

  • Is tax complexity putting off corporate investment?

    June 14, 2017

    The TMF Group’s Financial Complexity Index (FCI) 2017 has found Turkey, Brazil and Italy to be the most complex jurisdictions when it comes to tax. What does this mean for foreign and domestic businesses operating in these countries?

  • EU’s public CbCR loophole slammed for failures

    June 14, 2017

    Two European Parliament committees that adopted a draft report on public country-by-country reporting (CbCR) have received heavy criticism over a proposed ‘loophole’ that will allow MNEs to not publically disclose “commercially-sensitive” information.

  • Companies support French withholding tax delay

    June 13, 2017

    France has delayed the implementation of its withholding tax regime for employment taxes – a welcome move for many businesses that have not yet adapted their internal payroll systems, but employer concerns remain.

  • What now for taxes as hung Parliament throws UK into uncertainty?

    June 09, 2017

    With 42.4% of the vote, the Conservative Party has lost its majority in Parliament and may now have to rely on the Democratic Unionist Party (DUP) for getting their tax measures passed.

  • Corporate tax risks in developed nations grow

    June 07, 2017

    Tax executives have ranked the UK, US and Australia as having surpassed emerging markets, putting the countries among the top five tax risk countries as geopolitical events and uncertainty surrounding tax rules create insecurities.

  • MLI to create long-term uncertainty in tax planning

    June 07, 2017

    The signing ceremony of the OECD multilateral instrument (MLI) is a big step towards implementing tax treaty-related BEPS recommendations, but the potential for governments to ‘cherry-pick’ treaty amendments risks long-term problems.

  • Swiss panel adopts recommendations for revised corporate tax reform proposals

    June 06, 2017

    The steering body responsible for preparing a new plan for Swiss corporate tax reform has presented its objectives and recommendations for a revised plan, called Tax Proposal 17 (TP17).

  • Global turnover to determine Swiss VAT application from 2018

    June 02, 2017

    Foreign businesses will soon have to charge and remit VAT to the Swiss tax authorities after the Federal Council decided on the enactment date of the revised VAT Act.

  • Canada backs down in BP tax case

    June 02, 2017

    The Canadian Revenue Agency (CRA) has said it will not appeal the Federal Court of Appeal’s decision on tax information disclosure that went in favour of BP Canada. Instead, the CRA has suggested that it will target more businesses through tougher audit procedures.

  • Saudi Arabia seeks feedback on draft VAT law

    June 01, 2017

    Saudi Arabia has released a 12-point draft VAT law, laying down the framework under which the GCC member state will implement VAT from January 1 2018.

International Correspondents