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Compliance management

Compliance management archive
  • Politicians and EU officials named in Bahamas leak of offshore assets

    September 22, 2016

    Officials, politicians, lawyers and a number of big players in countries worldwide have been named in a collection of 1.3 million files leaked from the Bahamas’ corporate registry.

  • Philippines planning a tax amnesty scheme

    September 21, 2016

    The Philippines is planning to offer a general tax amnesty that will be open to corporations and individuals resident in the country and abroad to boost revenues and expand the tax base.

  • M&A transactions – The impact of Brexit

    September 19, 2016

    David Smith and Ben Jones, of Eversheds’ tax team in London, look at the key tax areas where Brexit could have an impact on typical M&A transactions and discuss how parties to such transactions might seek to address the issues.

  • Barbados opens ‘last’ tax amnesty window

    September 14, 2016

    Taxpayers can take advantage of a final opportunity to correct their tax affairs before the Barbados Revenue Authority begins its “very vigorous approach” in collecting taxes.

  • Panama Papers to claim more victims as Denmark buys data

    September 14, 2016

    Hundreds of Danish taxpayers, both companies and individuals – and banks in particular – face tax investigations for offshore hidden assets after Denmark announced that it will pay for the information leaked in the Panama Papers scandal.

  • Proposed changes to Ireland's Section 110 regime

    September 08, 2016

    Obtaining a tax deduction on profits arising from Irish loan portfolios will get much harder for foreign investors under proposals unveiled by the government. A potential 25% tax could be charged on future profits related to financial assets.

  • UK parliament debates public country-by-country reporting

    September 05, 2016

    The UK is debating whether Britain should become one of the first countries in the world to introduce public country-by-country reporting (CbCR). The measure is one of many tax proposals on the parliamentary agenda, including lowering the corporate tax rate.

  • MNEs sign Australian transparency code to ward off accusations

    August 25, 2016

    BHP Billiton, Rio Tinto, BP and Cochlear are among the big businesses that have signed up to Australia’s Voluntary Tax Transparency Code (the Code) to disclose more tax information in an effort to fend off accusations of tax avoidance.

  • UK gets tough on offshore tax evaders

    August 24, 2016

    Tax evaders using offshore accounts face tougher sanctions, and potentially no immunity for coming clean, under an HM Revenue and Customs proposal released today.

  • Asia Pacific nations slashing corporate taxes in competitive war

    August 24, 2016

    Indonesia may have started Asia’s ‘race to the bottom’ on corporate tax as it looks to match Singapore and stop companies from keeping assets offshore. Others are announcing cuts to stay in the race.

  • Google’s tax woes across the EU

    August 23, 2016

    Google is becoming the showcase firm for European countries trying to convince the public that it is taking action against multinational tax avoidance, but is it all for nothing?

  • Tax obligations for China’s oil and gas upstream sector

    August 23, 2016

    China’s oil and gas upstream sector is a growing industry that allows international oil companies to work with the Chinese government or its designated Chinese national oil companies. Maggie Zhuang, tax manager at Chevron China Energy Company, looks at the tax obligations for businesses operating in the sector.

  • Tax technology: A brave new world

    August 23, 2016

    Tax authorities worldwide are increasingly relying on digital technologies to gather and analyse tax data, and implement intelligent systems that provide real-time tax collections and assessments. Moreover, tax data sharing among tax authorities, which will become an automated process from 2017, will help tax authorities complete more audits and investigations, creating a world where there will be nowhere to hide from the tax man. Amelia Schwanke investigates how authorities and taxpayers are adjusting to digital tools and systems and what the future holds.

  • OECD’s BEPS project failing to combat tax dodging

    August 23, 2016

    Criticism against the OECD’s BEPS Action Plan to fight tax avoidance and evasion has widened the battle for tax transparency.

  • Barbados budget penalises banks, but encourages compliance

    August 23, 2016

    The Barbados government has been criticised for proposing a heavier tax burden on banks in the 2017 budget while maintaining a steady stance on economic policies.

  • Finland’s 2017 draft Budget: Increased deductibility of losses

    August 22, 2016

    Corporations have received a tax boost in Finland’s draft Budget for 2017, with proposals to increase the amount of losses that can be deducted against income and a number of other pro-growth measures.

  • Unprecedented ruling in Brazil boosts PIS and Cofins credits for businesses

    August 19, 2016

    The Federal Administrative Court of Appeals (CARF) has issued an unprecedented ruling, by majority vote, on PIS and Cofins credits related to the acquisition of inputs for commercial companies.

  • Tax professionals to face 100% penalties for enabling tax avoidance

    August 17, 2016

    The UK tax authority has announced plans today to impose fine tax advisers, planners and accountants who help their clients avoid tax. Penalties could be up to 100% of the tax avoided.

  • Russia's VAT on digital services creates short timeframe for compliance

    August 16, 2016

    Businesses have just five months to prepare for Russia's new VAT rules that impose a tax on e-services from 2017.

  • Will EU SAF-T reporting be the death of VAT returns?

    August 11, 2016

    Richard Asquith, vice president of global indirect tax at Avalara, provides an analysis of the revolutionary standard audit files for tax (SAF-T) filing requirements that are sweeping across Europe.

  • Reputational backlash from tax authority’s inaccuracies

    August 10, 2016

    It’s a business’s worst fear when the tax authority publicly claims that your business was involved in a tax avoidance scheme. What should companies do when the authorities get it wrong?

  • Tougher compliance rules proposed for New Zealand foreign trusts

    August 10, 2016

    New Zealand’s government has confirmed that foreign trusts will have to disclose more information to the tax authorities as it gets tough on tax in the wake of the Panama Papers.

  • Tax obligations for China’s oil and gas upstream sector

    August 01, 2016

    It is absolutely necessary to plan ahead when operating in China’s oil and gas upstream sector, which allows international oil companies (IOCs) to participate in and operate the exploration development and production of petroleum resources in China.

  • South Africa publishes draft bills on special voluntary disclosure programme … finally!

    July 29, 2016

    South Africa's revised draft law on its special voluntary disclosure programme has some significant changes.

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International Tax Review Profile

UK's HMRC has published draft guidance on Northern Ireland's corporate tax regime

Sep 26 2016 09:36 ·  reply ·  retweet ·  favourite
International Tax Review Profile

South Africa Treasury has published a revised tax Bill for comment, amending interest free loans to trusts & restricted equity shares rules

Sep 26 2016 09:32 ·  reply ·  retweet ·  favourite
International Tax Review Profile

US Rep. Mark Pocan introduced a bill yesterday requiring MNEs to disclose their revenues, profits and taxes in country-by-country reports

Sep 23 2016 08:14 ·  reply ·  retweet ·  favourite
International Tax Review Profile

EXCLUSIVE Video: US corporate tax of 15% to apply to pass-throughs Trump's Stephen Moore tells ITR at NY tax forum

Sep 23 2016 03:33 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @ICIJorg: #BahamasLeaks puts spotlight on UBS and Credit Suisse - creators of 10% of the offshore companies in the data

Sep 22 2016 05:17 ·  reply ·  retweet ·  favourite
International Correspondents