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Compliance management

Compliance management archive
  • UK collects less additional corporate tax revenue from big business investigations

    November 24, 2015

    The UK’s revenue authority, HMRC, collected around an extra £3.5 billion in 2014-2015 by challenging large business on their corporate tax affairs - a lower figure than the £4 billion collected in 2013-2014.

  • ANALYSIS: India’s movement towards a non-adversarial tax regime

    November 19, 2015

    It is well-documented that the Indian Government has been making efforts to promote a non-adversarial tax regime in India, but are taxpayers feeling a knock-on impact already?

  • HMRC office closures could increase waiting times for multinationals

    November 12, 2015

    The UK tax authority, HM Revenue & Customs, has announced it will close 170 tax offices across the UK as part of cost-cutting measures.

  • Fiji Budget 2016: VAT cut and administrative streamlining

    November 11, 2015

    The Fijian government released its 2016 Budget on November 6, bringing good news for taxpayers in the form of a VAT cut.

  • Global powers top new financial secrecy ranking

    November 09, 2015

    Major world powers rank highly in the latest edition of the Tax Justice Network's Financial Secrecy Index. The NGO acknowledges progress made in improving transparency since its last index, but says there remains a way to go.

  • India to introduce paperless revenue audits

    November 07, 2015

    The Central Board of Direct Taxes (CBDT) in India has launched a pilot project of paperless revenue audits, under which tax officers will send Revenue audit notices and information requirements to the taxpayer via email.

  • European Commission to close VAT loophole

    November 06, 2015

    The European Commission is reviewing the low value consignment relief (LVCR) VAT loophole, which is said to have cost the European Union (EU) more than €500 million ($538 million) since 1999.

  • OECD Global Forum presses forward on transparency at Barbados meeting

    November 04, 2015

    The latest meeting of the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes took place in Bridgetown, Barbados between October 29 and October 31.

  • Voluntary disclosure in LatAm: A win-win game

    October 29, 2015

    Guillermo Teijeiro, of Teijeiro & Ballone Abogados, analyses voluntary disclosure programmes available across Latin America, assessing whether such programmes represent a win-win outcome for all involved.

  • Mind your own business: The importance of knowing what we really do

    October 29, 2015

    Steven Ouwerkerk, global head of tax at APM Terminals, argues that to deal with the corporate challenges of operating in an increasingly borderless world, multinationals must learn to operate in a department-less manner, sharing experiences across functions and understanding issues from a variety of perspectives. He also brings a new meaning to the phrase ‘mind your own business’.

  • Multinationals most compliant as UK tax gap falls again

    October 29, 2015

    Her Majesty’s Revenue and Custom’s (HMRC) annual study into the size of the UK tax gap has revealed a drop in figures, indicating that compliance levels concerning multinationals have improved.

  • The CRS and its impact on the financial services industry

    October 27, 2015

    The combatting of cross-border tax evasion is a priority for governments and the automatic exchange of taxpayer information between countries is now seen as fundamental to addressing it. It is out of this objective that the Common Reporting Standard (CRS), which facilitates the automatic exchange of information (AEoI) at a global level, has evolved. Mariano Giralt, Chris Mitchell and Bronwen Noble of BNY Mellon assess the impact of these initiatives on the financial services industry.

  • Tax reform package on the cards for Mexico in 2016

    October 23, 2015

    On September 8 2015 the Mexican President, Enrique Peña Nieto, submitted the 2016 tax reform package for approval to Congress. Should Congress approve the package, it would come into force on January 1 2016.

  • Eight out of ten businesses still using spreadsheets for VAT compliance

    October 14, 2015

    More than 80% of businesses are still using spreadsheets to manage their VAT compliance in at least one jurisdiction in which they operate, despite tax authorities around the world investing in better tools.

  • Mexico’s Form 76: Informative return for relevant transactions

    October 13, 2015

    Gustavo Gómez of EY Mexico explains the motivation for the Mexican authorities implementing Form 76 for the disclosure of relevant transactions, and outlines what taxpayters must do to remain compliant after the introduction of this new reporting obligation.

  • Mexico: Everything you need to know about electronic accounting records

    October 07, 2015

    Gustavo Gómez, of EY Mexico, provides an overview of electronic accounting records processes in Mexico, including how to make submissions, and an update on related litigation surrounding the protection of taxpayer information.

  • New EU rules for automatic exchange of advance cross-border tax rulings and APAs from 2017

    October 07, 2015

    EU finance ministers have reached political agreement in Council to amend the existing Directive 2011/16/EU on administrative cooperation in the field of taxation. The changes will apply from January 2017.

  • Country-by-country reporting: The German tax perspective

    October 06, 2015

    With the release of the OECD’s final package of recommendations to tackle base erosion and profit shifting (BEPS), the focus now shifts to the manner in which national authorities take up, and implement, the measures outlined. Country-by-country reporting (CbCR) implementation has already begun in a number of countries, including Germany, and use of the reporting method is set to be expanded next year.

  • The end of the (tax) world as we know it? OECD delivers final BEPS recommendations

    October 05, 2015

    The OECD today delivered the second part of its recommendations to reform international tax rules by tackling base erosion and profit shifting (BEPS). While unanimity across all points discussed was impossible, a higher level of agreement - either in the form of consensus or agreement on 'minimum standards' - has been achieved than many expected, though this has not stopped non-governmental organisations (NGOs) from criticising the package as "a sticking-plaster approach".

  • The end of the beginning? Pascal Saint-Amans and Raffaele Russo discuss part 2 of BEPS proposals

    October 05, 2015

    Pascal Saint-Amans, Raffaele Russo and their tax colleagues at the OECD are happy people after the publication of the second and final set of proposals to tackle base erosion and profit shifting (BEPS), following two years of intensive talks.

  • Andersen Tax adds two more managing directors in Chicago

    October 02, 2015

    Andersen Tax has promoted Sean Bruen and Rosa DeLuna-Frede to the role of managing director in its Chicago office.

  • Chris Price to lead new EY people practice

    October 02, 2015

    EY has created People Advisory Services (PAS), a new global, integrated practice combining 10,000 practitioners from tax and advisory to advise clients on people, organisational and compliance issues.

  • Corporations seek comprehensive plans to deal with tax risk

    October 02, 2015

    Corporate executives are questioning their tax colleagues much more closely about risk, according to a senior tax leader at EY, as they try to deal with increasing dangers to their business.

  • Americas Tax Awards 2015

    September 29, 2015

    Top honours at this year's Americas Tax Awards went to Deloitte, Baker & McKenzie and Skadden Arps Slate Meagher & Flom.

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