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Compliance management

Compliance management archive
  • Monaco joins convention on tax assistance

    October 17, 2014

    Monaco has become the latest jurisdiction to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, the international instrument developed jointly by the OECD and the Council of Europe to fight international tax avoidance and evasion

  • Hong Kong grapples with FATCA and CRS compliance

    October 15, 2014

    Hong Kong’s financial institutions are battling to become FATCA compliant by 2016. On September 15, the city also announced its cooperation with the OECD Common Reporting Standard (CRS) initiative, which allows free exchange of tax information among 70 countries. The dual burden is potentially problematic for both regulators and financial institutions.

  • EU and OECD move forward on administrative coooperation directive and Common Reporting Standard

    October 10, 2014

    Fifty countries, including 26 of the EU’s 28 member states, though not the US, have signed up to be early adopters of the Common Reporting Standard (CRS), the instrument unveiled by the OECD in July to implement the global exchange of tax information.

  • Extending the G20 tax mandate

    October 06, 2014

    Examinations of how tax systems can promote growth and the use of tax incentives in developing countries, and capacity building are all important parts of the G20’s expanding tax work, argues Jeffrey Owens, Director, Vienna University’s Global Tax Policy Centre.

  • Ireland produces guidance notes for FATCA implementation

    October 03, 2014

    The Revenue Commissioners in Dublin have published guidance notes on America’s Foreign Account Tax Compliance Act (FATCA), giving financial institutions in Ireland more information about how they should comply with the due diligence and reporting requirements in the controversial law.

  • OECD unveils plan for 2014/2015 BEPS work

    October 02, 2014

    The OECD is getting straight back to work on base erosion and profit shifting (BEPS).

  • Latin America Focus 2014 now available

    September 30, 2014

    With reforms underway in a number of countries in the region, and international initiatives to keep track of, leading advisers update you on the latest developments from across Latin America.

  • Philippines signs multilateral convention on tax cooperation

    September 29, 2014

    On Friday the Philippines became the 68th signatory of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, an international instrument developed jointly by the OECD and the Council of Europe to fight international tax avoidance and evasion. The Philippines has to ratify the Convention before it can come into force.

  • G20 tax agenda is not all about BEPS

    September 26, 2014

    The G20’s finance ministers have outlined their plans to minimise global tax avoidance and evasion, which are not only about completing the work of the BEPS Action Plan on time by the end of next year.

  • Big 4 and law firms share the spotlight at Americas Tax Awards 2014

    September 19, 2014

    The big winners at this year's Americas Tax Awards were EY, which won the Latin America Tax Firm of the Year and Shearman & Sterling, the winner of the equivalent award for North America.

  • The tax market reacts to the BEPS 2014 deliverables: Do you agree?

    September 16, 2014

    The OECD today unveiled its 2014 deliverables at the halfway stage of the multilateral organisation’s ambitious base erosion and profit shifting project, commissioned by the G20, which represents the biggest ever review of international tax rules.

  • Taxpayer concessions included in latest draft of Russian CFC regime

    September 05, 2014

    A new draft of the Russian CFC law expected to be implemented in January 2015 is less severe than previous versions, but still presents a number of challenges to taxpayers.

  • ONE adds to pressure on G20 to act against tax evasion and other illegal financial flows

    September 03, 2014

    The ONE campaign describes corruption involving developing countries as the $1 trillion scandal and says the G20 must implement measures such as automatic information exchange (AIE) and the transparent publication of the revenues governments receive if the organisation wants to end it.

  • Convergence or divergence: New reporting standards in India

    August 29, 2014

    India has announced the adoption of IFRS converged standards for financial reporting and tax accounting standards for the computation of taxable income. Sai Venkateshwaran, partner and head of the accounting advisory services group at KPMG in India analyses the impact and challenges of these announcements.

  • Alternative dispute resolution: Alleviating burdens all round

    August 29, 2014

    The number of tax disputes is increasing rapidly around the world. The trend is encouraging governments to turn to alternative dispute resolution (ADR) in a bid to reduce backlogs in the courts. While ADR is well established in some jurisdictions, in others it is just getting going. Aaran Fronda looks at how ADR has become an increasingly viable solution for resolving tax disputes.

  • UN survey calls for more tax cooperation in Asia

    August 29, 2014

    A UN body has highlighted the prospects of tax harmonisation and the elimination of tax competition in Asia-Pacific as methods for helping countries in the region to increase the amount of taxes they raise.

  • Indian taxpayers get more time to file tax audit reports

    August 22, 2014

    The Central Board for Direct Taxes (CBDT) in India has given taxpayers an extra two months to file their Tax Audit Report (TAR) for the Assessment Year 2014-2015 because of changes it made in July to the forms required. However, there is no extension for the filing of income tax returns, which are still required by September 30.

  • Ukraine clampdown on audits avoids tax

    August 22, 2014

    Tax has escaped a prohibition on audits by Ukrainian state agencies.

  • Americas Awards nominations released

    August 20, 2014

    The nominations for the Americas Tax Awards, which take place in New York on September 18, have been announced on www.internationaltaxreview.com.

  • UK sets out questions about implementation of Common Reporting Standard

    August 15, 2014

    HM Revenue & Customs (HMRC) has opened a consultation into how the Common Reporting Standard (CRS) should be incorporated into UK law.

  • Trends in Latin American business restructurings: Spain as a holding jurisdiction

    August 04, 2014

    Its ETVE regime is one of the reasons why Latin America businesses are using Spain as a holding company location, but interested taxpayers should remember the substance requirements.

  • Will 2013 be the last year Mexican businesses have to file an annual tax report?

    July 25, 2014

    Mexican taxpayers will not have to file an annual tax report from 2015, but what it is being replaced with is highly controversial and means that the relationship between tax authorities and taxpayers is very difficult at the moment.

  • The OECD answers your questions about the global automatic exchange standard

    July 24, 2014

    EXCLUSIVE: On Monday July 21 the OECD released the full version of the Standard for Automatic Exchange of Financial Account Information in Tax Matters, which requires financial institutions to report detailed financial account information to their governments, which then exchange such information automatically with other jurisdictions on an annual basis. The Standard developed by OECD in response to a mandate by the G20 was first presented to and endorsed by the G20 Finance Ministers in February 2014.

  • Automatic exchange of information gets closer with OECD's publication of global standard

    July 21, 2014

    The OECD today unveiled the full version of the new global standard for automatic exchange of information between jurisdictions, which will be presented to the meeting of G20 finance ministers in Cairns, Australia on September 20 and 21.

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International Tax Review Profile

RT @Withers_PR: @WithersLLP's Giulia Cipollini speaks to @IntlTaxReview on merits of Italy's new voluntary disclosure programme http://t.co

Oct 21 2014 02:59 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Welcome to all our new followers @madhur9278 @cesregalado @mizaanali @nonexecs @bruce_hooper @janhargas @MarHernandezMor @BSP_Luxembourg

Oct 21 2014 02:57 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @BSP_Luxembourg: BSP is delighted to be ranked once again as one of the leading Luxembourg tax firms in @IntlTaxReview WorldTax2015 - ht…

Oct 21 2014 02:39 ·  reply ·  retweet ·  favourite
International Tax Review Profile

If #Ireland goes for 6.25% for its knowledge development box, that would be aggressive. Lower than Neth and UK http://t.co/psg3SCNfiV

Oct 20 2014 02:17 ·  reply ·  retweet ·  favourite
International Tax Review Profile

#ff @AbelAdvisory @andrewmorreale @LAPFForum @maciejjesionow1

Oct 17 2014 09:29 ·  reply ·  retweet ·  favourite
International Correspondents

After the Irish budget, what would make you more likely to put more substance into Ireland?