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Compliance Management Archive

  • August 2017

    Trump calls on Congress to address ‘crushing tax burden’

    August 31, 2017

    US President Donald Trump has warned Congress not to disappoint him as they prepare to debate his tax reform plans that he believes offer a “once in a generation” opportunity for change. But the proposals face big hurdles.

  • Vietnam’s tax reforms spell headaches for business

    August 31, 2017

    Vietnam plans to hike its VAT rate for the first time since the tax was introduced, bring in thin capitalisation rules and introduce a sugar tax. The changes will require a number of actions by businesses and some may also suffer long-term consequences.

  • Ukraine adapts registration of VAT vouchers to tackle fraud

    August 31, 2017

    A new mechanism of monitoring the registration of VAT vouchers has been launched in Ukraine to counteract VAT fraud by suspending the registration of risky VAT vouchers.

  • Australia left behind as MNEs chase competitive tax regimes

    August 24, 2017

    Facebook and Microsoft have been forced to change their operating structures in Australia to avoid being caught by tough tax avoidance laws, but could simply amending tax rates and incentivising R&D investment change corporate behaviours voluntarily?

  • Tax risk pendulum: Collaboration vs. uncertainty

    August 23, 2017

    Tax risk is a modern ‘term of art’ perception; this risk can be viewed as a pendulum. Keith Brockman looks at the advantages of corporate collaboration and threats of uncertainty and public distrust.

  • UK Criminal Finance Act imposes corporate tax evasion controls

    August 23, 2017

    All companies operating in the UK and abroad could be liable to criminal penalties if they or their associates are found to be facilitating tax evasion. Dominic Stuttaford, head of tax at Norton Rose Fulbright for the EMEA region, highlights the impact of the new Criminal Finance Act and what companies need to being doing now to ensure compliance.

  • How Spanish SII is impacting companies: Duracell case study

    August 23, 2017

    Spain has introduced groundbreaking requirements for companies to file transactional data in near real-time. Joe Stanley-Smith examines the case study of global battery company Duracell to explore how companies are dealing with the extra workload from the Suministro Inmediato de Información (SII) legislation, one month on from its implementation on July 1 2017.

  • Tax havens: An unnecessary evil?

    August 23, 2017

    The finance ministers of some of the world’s most notorious tax havens believe their countries’ policies are fair, robust and meet international standards. Anjana Haines cuts through the PR to see what role these jurisdictions play in an era of BEPS measures and increasing transparency.

  • Q&A: Gig economy taxation – Is it all about to change?

    August 23, 2017

    The tax regimes governing the gig economy, combined with the rules on self-employed individuals, have led to the success of companies such as Uber and Deliveroo. However, the Taylor Review on modern working practices has suggested radical changes that could change it all and stop other sectors adopting similar practices. Anjana Haines talks to the report’s author, Matthew Taylor, to discuss his recommendations and what they could mean for the future of the gig economy.

  • EU holding company structure in treaty shopping cases

    August 23, 2017

    The tax status and characterisation of passive holding companies has gained renewed interest with Article 7 of the OECD’s Multilateral Instrument (MLI) containing some reference to these entities. Mauro Manca of Giovannelli e Associati looks at how these structures can still work if there are sound organisational reasons in the MNE structure.

  • Brazil looks to introduce VAT to ease compliance for corporates

    August 23, 2017

    Brazil is seeking to become the latest major economy to introduce a national VAT system to end the torturous system of multiple state taxes that is causing headaches for companies.

  • France takes on digital corporations with EU tax harmonisation plans

    August 23, 2017

    The tax payments of Airbnb, Google, Facebook and Amazon have prompted the French finance minister to push, together with Germany, for the EU harmonisation of corporate tax rates. But will this solve the ‘paying a fair share’ argument, or does the problem lie with domestic PE rules?

  • Will tax avoidance schemes come to an end?

    August 18, 2017

    Following Chevron’s settlement with the Australian Tax Office (ATO) over its transfer pricing dispute, are governments and the OECD-led global initiatives now taking the appropriate actions to tackle tax avoidance once and for all?

  • Diageo falls victim to France’s tougher tax stance

    August 16, 2017

    A tax battle with Google is clearly not enough for the French tax authority. Now it is engaging British drinks giant Diageo as it tries to shut down the tax advantages of multinationals.

  • Boost for HMRC after first GAAR ruling

    August 09, 2017

    Companies using employee benefits trusts to reward their employees need to review their structures after the first ruling from the UK’s GAAR panel went in favour of HMRC and reinforced the Supreme Court’s decision in the Glasgow Rangers case.

  • Latvian tax reform raises concerns with businesses

    August 09, 2017

    Latvia aims to increase its overall competitiveness and boost its economy by introducing corporate tax on distributed profits, in order to encourage reinvestment of the earnings retained in companies, but companies remain sceptical.

  • Q&A: Swiss whistle-blower Rudolf Elmer poised to leak explosive new information on tax evaders

    August 08, 2017

    Salman Shaheen speaks to Rudolf Elmer, the whistle-blower who has been fighting a long court battle after revealing on WikiLeaks the activities of his former employer, Swiss bank Julius Bär, in the Cayman Islands.

  • Q&A: Maltese Finance Minister Edward Scicluna surveys a changing EU tax landscape

    August 07, 2017

    Malta’s Finance Minister Edward Scicluna talks to Anjana Haines about the country’s achievements and his hopes for the future, EU taxation and international tax initiatives.

  • US Tax Court determines IRS abused its discretion in cancelling two APAs with Eaton

    August 07, 2017

    Eaton, a diversified power management company and global technology leader in electrical systems, won a landmark transfer pricing case against the US Internal Revenue Service. Mike Patton and Mumi Hemrajani of DLA Piper US discuss the implications of this first occasion when a taxpayer has judicially challenged an APA revocation or cancellation.

  • How Spanish SII is impacting companies: Duracell case study

    August 03, 2017

    Spain has introduced groundbreaking requirements for companies to file transactional data in near real-time. ITR examines the case study of global battery company Duracell to explore how companies are dealing with the extra workload from the Suministro Inmediato de Información (SII) legislation, one month on from its implementation on July 1 2017.

  • Mexican tax reform proposed by leading business organisation

    August 02, 2017

    One of Mexico’s leading business organisations has today released its proposals for tax reform. It is pushing the government to adopts its proposals as part of the annual budget statement due by September 8.

  • Businesses relieved as US scraps border adjustment tax proposal

    August 01, 2017

    The US government has decided to set aside controversial proposals for a border adjustment tax (BAT) in order to push ahead with tax reform and get a bill through Congress by the end of the year, but is this the end of the BAT and how will the government fund the revenue gap?

  • Belgium ‘compensates’ MNEs as it revises tax rules

    August 01, 2017

    Belgium is reinforcing the so-called ‘race to the bottom’ on corporate tax rates with its latest decision to lower the headline rate, but multinationals could face bigger problems as they lose beneficial tax deductions.

International Tax Review Profile

RT @BrigitteAlepin: So proud of the new book WINNING THE TAX WARS. Bringing together well-known tax experts, this book presents outstanding…

Dec 7 2017 04:08 ·  reply ·  retweet ·  favourite
International Tax Review Profile

REVEALED: The top 10 of ITR's #GlobalTax50 2017 is out now. Find it here: https://t.co/IXiaRrE3vH (subscription or free trial required)

Dec 7 2017 01:42 ·  reply ·  retweet ·  favourite
International Tax Review Profile

ITR has opened the submissions period for the European Tax Awards 2018. Full details here: https://t.co/WKBWijhBgt

Dec 6 2017 01:40 ·  reply ·  retweet ·  favourite
International Tax Review Profile

@aloysrigaut @AuroChardon @ElodieLamer @JeanComte @diego_bxl @bsmithmey @afpfr @pierremoscovici @EU_Taxud @EU2017EE… https://t.co/oS4sDvQtdL

Dec 5 2017 04:55 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @AuroChardon: Is this it? https://t.co/O1XhoWQw2F 17 #taxhavens, mostly tiny countries or emerging economies on the #EUblacklist? ❌Swit…

Dec 5 2017 02:25 ·  reply ·  retweet ·  favourite
International Correspondents