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Compliance management

Compliance management archive
  • Sugar taxes forcing soft drinks giants to change, but they could be the ultimate winners

    September 20, 2017

    Soft drinks companies such as Coca-Cola are changing the way they invest due to the introduction of sugar taxes around the world. They claim that the taxes are doing more harm than good to each country’s economy and its citizens.

  • Will EU member states bring in a turnover tax on digital multinationals?

    September 20, 2017

    Ten EU member states agreed that large digital multinational such as Google, Amazon, Apple and Facebook will have to pay their ‘fair share of tax’. However, a lack of consensus around the core proposal for an equalisation tax remains.

  • Companies set aside billions as risk of UK tax disputes rise

    September 18, 2017

    UK FTSE 100 companies are putting more money aside than ever before to deal with the cost of tax litigation. These figures come a few days after the UK tax authority said it has yielded £312 million since the diverted profits tax (DPT) regime was introduced in 2015.

  • No substantial tax reforms in Mexico’s 2018 proposed economic plan is not necessarily good news

    September 18, 2017

    The Mexican Secretary of Treasury submitted the 2018 economic plan (Paquete Económico) to Congress on September 8 2017 for its approval.

  • Germany’s Merkel eyes tax reform as she sets her sights on fourth term in power

    September 18, 2017

    Despite opposition from ministers within her own party over certain policies, Chancellor Angela Merkel looks set to win a fourth term in government. This means tax reform in Germany and the EU.

  • Recent changes in states’ tax benefits related to the ICMS in Brazil

    September 14, 2017

    Supplementary Law 160/2017, recently enacted, addresses the so-called tax war between the Brazilian states.

  • ECOFIN to consider virtual PE rules to tax digital MNEs

    September 13, 2017

    Multinational technology giants like Google, Amazon, Apple, Microsoft and Facebook could face higher tax bills under EU plans to introduce virtual permanent establishment rules. However, such rules could be difficult for governments to administer.

  • Tax authorities hone in on banks’ tax avoidance strategies

    September 13, 2017

    French bank BNP Paribas paid HMRC millions for ‘dividend stripping’ before a court ruled against the bank on the tax avoidance case. But this is just one case across four continents of such tax abuse.

  • Switzerland’s new corporate tax reform proposals likely to succeed

    September 08, 2017

    The Swiss Federal Council has released its new corporate tax reform proposals that resolve many of the issues raised in its earlier failed attempt. However, companies and entrepreneurs will be the ones paying for the changes this time.

  • Can an appropriate capital structure mitigate tax issues concerning Mexican currency fluctuations?

    September 07, 2017

    A floating exchange rate system and the lack of a functional currency election for tax purposes has made the volatility of the Mexican peso one of the main discussions that international investors need to have before deciding on their capital structure to close a deal in Mexico.

  • BRICS support digitisation to curtail tax evasion

    September 06, 2017

    The leaders of Brazil, Russia, India, China and South Africa (BRICS) reaffirmed their commitment to achieving a “fair and modern global tax system” that includes a deeper cooperation between the nations and on the OECD BEPS project. Digital enhancements will play a large part in their efforts to achieve this.

  • France tries to use PE rules to make MNEs pay a ‘fair share of tax’

    September 05, 2017

    The French permanent establishment rules are the country’s biggest hurdle in taxing Google, Amazon, Facebook and Apple (GAFA) in the way it wants. But it is determined to use these rules to make such digital companies pay what it believes to be their ‘fair share of tax’.

  • French 2018 budget targets tax competitive measures

    September 04, 2017

    French Finance Minister Bruno Le Maire has announced some of the tax cuts and other incentives that will be included in the upcoming 2018 budget statement to help the country compete with its neighbours.

  • 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.

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International Tax Review Profile

Switzerland has launched its consultation to overhaul its withholding tax ordinance with effect from 2020 https://t.co/dKCmNzS5Tz

Sep 21 2017 11:39 ·  reply ·  retweet ·  favourite
International Tax Review Profile

ITR's Women in Tax Leaders guide 2017 is online now! Check if you made the list here: https://t.co/nRkSpNAk3C @WomenInTax @womentaxjustice

Sep 21 2017 09:49 ·  reply ·  retweet ·  favourite
International Tax Review Profile

The EC has today announced its agenda to tax digital companies more after the latest ECOFIN meeting outcomes https://t.co/pvAaTqS0CY

Sep 21 2017 09:35 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Philippine Senate committee OKs tax reform bill; Will introduce #sugartax. What now for CocaCola's investment plans? https://t.co/41Obf6nlBF

Sep 21 2017 08:42 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Shocking that Cairn Energy has to wait until August 2018 for its final hearing on the India tax dispute https://t.co/TDghPza3qA via @FT

Sep 21 2017 08:38 ·  reply ·  retweet ·  favourite
International Correspondents