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Compliance management

Compliance management archive
  • Indian GAAR disputes to continue but there is hope, say tax directors

    December 10, 2018

    Tax departments must be extra-vigilant to avoid costly litigation resulting from India’s recurrent and creative use the general anti-avoidance rule, say tax directors – but even strong documentation may not be enough.

  • Traditional retailers welcome German marketplace VAT compliance law

    December 10, 2018

    German retailers are pleased with a new VAT compliance law which will put additional obligations on online platforms selling goods, which they say will help level the playing field. But major platforms like Amazon, eBay and Etsy face a compliance headache.

  • Global Tax 20 2018

    December 05, 2018

    International Tax Review’s Global Tax 20 highlights the most influential people, events, countries and companies which have had an impact on the global tax landscape during the past year. The top 10 are out now, and the full list will be released later this month.

  • Banks and tax authorities outline how blockchain can cut costs

    December 05, 2018

    Tax chiefs at banks say they will implement blockchain technologies to cut costs and improve regulatory compliance. However, it may take government regulation to persuade businesses to implement the direct ledger technology.

  • Businesses brace for controversial Polish mandatory disclosure rules

    December 03, 2018

    Tax heads and advisors are in the dark about how Poland’s mandatory disclosure rules (MDR) will work. Poland’s measures go beyond the EU Directive and could set a standard among EU nations implementing MDR.

  • Facebook, Google and Kering Group questioned by EU MEPs

    November 30, 2018

    Facebook and Google emphasised the importance of international consensus on changes to the international tax system to tax the digital economy and the scope of value creation during an EU Parliament committee hearing.

  • EU Parliament calls for cum-ex schemes inquiry and tougher rules

    November 30, 2018

    The cum-ex and cum-cum schemes that defrauded EU financial hubs of billions of euros continue to exist in other forms across Europe. An investigations unit and stricter laws could be introduced to tackle the fraud following a parliamentary vote.

  • Mauritius remains a favourite among treaty shoppers

    November 28, 2018

    Treaty shopping is still a common practice among taxpayers when investing in Africa, and Mauritius remains one of the best jurisdictions for minimising tax liabilities.

  • How tax departments deal with uncertainty

    November 26, 2018

    Tax directors explain how they are trying to manage the political and legislative uncertainty around the world that is constantly changing the way their teams have to operate.

  • Canada announces deficit-financed tax incentives that risk future tax hikes

    November 23, 2018

    Canadian Finance Minister Bill Morneau announced several tax measures in the Fall Economic Statement to persuade companies to invest long-term, but the incentives raise the country’s deficit and risk more taxes in the future.

  • VAT implementation in Bahrain should be ‘pretty easy’

    November 20, 2018

    Multinationals believe preparation for VAT in Bahrain should be easier than in Saudi Arabia and the United Arab Emirates (UAE), despite the fact that Bahrain has not yet released its full VAT legislation.

  • Brazil clarifies tax treatment of international charter leasing payments

    November 20, 2018

    Brazilian tax authorities have provided guidance on the application of the reduced 0% income withholding tax rate on international charter leasing payments.

  • Proposed US regulations expand scope on tax-free foreign income

    November 19, 2018

    Proposed regulations for section 956 of the Internal Revenue Code could offer US multinationals the ability to use up to 100% of CFC assets as collateral for loans and other transactions, but there is uncertainty over their scope.

  • J5 identifies ‘dozens’ of tax evasion enablers from online hunt

    November 15, 2018

    Data scientists and criminal investigators from the Joint Chiefs of Global Tax Enforcement initiative, or J5, discovered “multiple” new tax evasion enablers across Australia, Canada, the Netherlands, UK and US in a 24-hour pursuit, they told International Tax Review.

  • Lack of international tax consensus on cryptocurrency

    November 13, 2018

    The definition of cryptocurrency and how it should be taxed varies widely among different tax authorities around the world.

  • Spanish digital services tax targets big tech companies

    November 09, 2018

    Spain’s digital services tax (DST) is slated to enter into force in January 2019, despite the criticism and concerns of multinational technology companies, write Rafael Calvo and Juan Camilo Sánchez of Garrigues, Taxand Spain.

  • US mid-term elections spell gridlock for taxpayers

    November 07, 2018

    A divided Congress following the mid-term elections means US businesses can expect the Tax Cuts and Jobs Act (TCJA) to stay, but the possibility of a broad technical corrections bill is dead in the water.

  • DAC 6 reporting requirements pose numerous compliance problems

    November 07, 2018

    The taxpayer challenges arising from the EU’s directive on mandatory disclosures for intermediaries (DAC 6) are seemingly countless, writes Christian Kaeser, global head of taxes at Siemens, and Mark Orlic and Arne Schnitger of PwC.

  • KPMG South Africa looks to rebuild trust with clients

    November 02, 2018

    KPMG South Africa plans to restore its reputation with a new leader following the scandal over its role in auditing the Gupta-owned businesses, but rival firms are already poaching their clients who no longer trust the firm.

  • UK budget: Digital services tax set for 2020

    October 29, 2018

    Chancellor Philip Hammond has committed the UK to a digital services tax (DST) in the absence of an OECD agreement, turning the rhetoric about an ‘Amazon tax’ into reality.

  • Natural gas industry stands to gain from a carbon tax

    October 26, 2018

    British multinational BP explains why it is working with Shell and ExxonMobil to lobby for a carbon tax in the US that could offer them an advantage over the coal industry as the market moves towards renewables.

  • Interview: Philip Morris International weighs up its excise challenges

    October 25, 2018

    Huub Savelkouls, vice president of social and economic affairs at Philip Morris International, talks to ITR about dealing with high excise rates and the tax implications of replacing cigarettes with vapour products.

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

    October 23, 2018

    Companies can vote now for the best tax firms for transactional and advisory services. We only take answers from clients because they alone can determine the true value of the advice they have received from a firm.

  • Tax directors must rise to the challenge in Africa

    October 22, 2018

    Tax has certainly become more challenging in Africa, but understanding the current situation requires context. Taxation is only part of a bigger picture, which must also include the broader opportunities and risks involved in operating on the continent.

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International Correspondents