Copying and distributing are prohibited without permission of the publisher

Compliance management

Compliance management archive
  • Cheers! Celebrate the world's top transactional firms

    February 24, 2015

    International Tax Review analyses global M&A trends from the past year and highlights the leading firms for tax transactional advice by jurisdiction.

  • How tax transparency went global - the new automatic exchange standard: from concept to reality

    February 24, 2015

    Achim Pross, head of the International Cooperation and Tax Administration division at the OECD, and architect of the new automatic exchange of information standard and the multilateral competent authority agreement (MCAA), which 52 jurisdictions have signed so far, discusses the progress made in 2014 and looks at opportunities and challenges ahead.

  • Seychelles joins tax cooperation agreement

    February 24, 2015

    Eighty five jurisdictions are now signatories to the Multilateral Convention on Mutual Assistance in Tax Matters, after the Seychelles became the latest to do so today.

  • The European Tax Awards 2015: The entry period is now closed

    February 23, 2015

    The closing date for entries for the European Tax Awards 2015 has now passed.

  • HMRC and Serious Fraud Office collaboration shows UK policy shift

    February 20, 2015

    UK revenue authority HM Revenue & Customs (HMRC) will work with the Serious Fraud Office (SFO) to identify corrupt payments by looking at leaked Swiss tax records.

  • Ivory Coast, Niger and Tanzania join tax cooperation group

    February 19, 2015

    Three African countries have joined the OECD-led Global Forum on Transparency and Exchange of Information for Tax Purposes.

  • FASB’s draft accounting standard on stock-based compensation will have income tax impact

    February 18, 2015

    The forthcoming draft Accounting Standards Update (ASU) on share-based payment, also known as stock-based compensation, from the Financial Accounting Standards Board (FASB) in the US will propose revisions relating to the representation of tax benefits and deficiencies in the income tax expense and statement of cash flows. However, the changes are unlikely to bring US Generally Accepted Accounting Principles (GAAP) closer to IFRS (International Financial Reporting Standards) on this issue.

  • IRS holds testing session this week for FATCA information exchange

    February 18, 2015

    Those who are subject to the Foreign Account Tax Compliance Act (FATCA) - financial institutions – and those who have agreed with the US to help make it work - tax administrations - have a chance this week to get a feel for the mechanics of how information will be exchanged under the legislation.

  • FATCA reporting starts on March 31 for Model 2 IGAs and some Hong Kong institutions are not ready

    February 17, 2015

    Reports that the US Internal Revenue Service suspects Asian jurisdictions including Hong Kong and Singapore of making tax evasion easier has caused concern in the market, especially amid allegations that banks around the world have been helping clients evade tax. This concern has been heightened because under the terms of the Foreign Account Tax Compliance Act (FATCA), Hong Kong financial institutions are due to begin reporting to the IRS from March 31.

  • G20 ministers maintain support for BEPS agenda

    February 13, 2015

    Work on the G20 / OECD base erosion and profit shifting (BEPS) project has entered a new phase with the presentation of implementation guidance to a meeting of G20 finance ministers this week.

  • Sigh of relief for Big 4 in China as US SEC agrees to remove ban

    February 12, 2015

    The SEC in the US has sanctioned the Chinese branches of the Big 4 accounting firms for failure to disclose documents related to an investigation of potential fraud. The units had been suspended from auditing US-traded firms for six months. However, this latest SEC action removes the ban but imposes a fine of $500,000 each.

  • AICPA urges US Senate to ratify tax treaties

    February 11, 2015

    Accountants in the US are calling on the Senate to approve the tax treaties and protocols pending before it.

  • Foreign companies could be caught in China's new indirect transfer rules

    February 11, 2015

    In a strong indication of its growing commitment to enforcing tax compliance, China’s State Administration of Taxation released updated indirect transfer rules to replace Notice 698. Tax professionals say the more stringent tax rules, which include safe harbour regulations, withholding tax obligations of the buyer, and clarifications of reasonable commercial purpose, are both welcome and concerning.

  • Indonesia jails multinational executives to enforce tax compliance

    February 06, 2015

    As a last resort at enforcement and to reach ambitious collection goals, the Indonesian government has jailed at least eight executives and plans to send dozens more to debtors’ prison. The detainees work at five unnamed businesses that were found guilty of evading Indonesian corporate taxes totalling IDR13.6 billion ($1.07 million).

  • OECD will update G20 finance ministers on BEPS project implementation next week

    February 06, 2015

    G20 finance ministers will hear about the OECD's three-pronged approach to implementation of the BEPS Action Plan at their meeting in Istanbul on Monday and Tuesday of next week (February 9 and 10).

  • VAT lotteries - driving up compliance from the consumer's end

    February 05, 2015

    Portugal announced a year ago it would launch a VAT lottery. Is the policy working, and could it help other countries with poor compliance?

  • IRS releases new guidance on accounting method changes

    February 04, 2015

    On January 16, the Internal Revenue Service (IRS) released revenue procedures which provide updated guidance for filing for tax accounting method changes.

  • FATCA confusion remains as India delays signing IGA

    February 02, 2015

    Time is ticking for India to sign its inter-governmental agreement (IGA) with the US under the Foreign Account Tax Compliance Act (FATCA) after it received a one month extension on the original December 31 deadline.

  • IRS announces new advisory council members

    January 30, 2015

    The Internal Revenue Service group which brings together officials and tax professionals to discuss key tax administration issues has eight new members for 2015.

  • Oxfam wants heads of government to take on tax reform

    January 29, 2015

    Oxfam is stepping up its campaigning for reforms of the international tax system that will benefit developing countries and campaigning for an end to tax dodging.

  • Misunderstanding surrounds Polish filing deadlines

    January 28, 2015

    Polish taxpayers, including foreign companies obliged to pay, for example, VAT in Poland, might have recently heard that the deadlines for filing the tax returns and paying taxes in Poland changed significantly from January 1 2015. This position has been indicated by some representatives of the tax authorities, but also by some tax advisers. However, it turns out that this assumption results from a simple misinterpretation of the tax provisions.

  • Mariano Giralt: Global custodian and acronym-buster

    January 27, 2015

    The landscape of international taxation is changing. The OECD’s BEPS project is likely to rewrite the rules governing international taxation in a way that has not been seen since the League of Nations shaped existing rules in the 1920s. A key component of this is taxation of the financial sector. Various sector-specific tax laws have been proposed. This is providing those in the sector with plenty to think about. One such figure is Mariano Giralt, Managing Director, Tax Services, at BNY Mellon. He talks to Matthew Gilleard about some of the key tax developments impacting financial services.

  • Moving goalposts mean taxpayers must stay on toes

    January 27, 2015

    Joe Stanley-Smith analyses how new attitudes and initiatives from tax authorities in key jurisdictions will influence the national and international tax dispute landscape in 2015.

  • Switzerland launches two consultations on exchange of information

    January 23, 2015

    Swiss people will have the opportunity to contribute to two consultations on exchange of information, before new law is passed, probably in 2017.

Click here for more articles
International Tax Review Profile

RT @Rakesh_Nangia: Sharing my views on MAT "Indian Budget to focus on Make in India and FDI incentives" @IntlTaxRevi…

Feb 28 2015 03:01 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @richardrekhy: #Budget2015 positive steps deferring of GAAR , corporate tax to be reduced to 25%,individual exemption limits raised, abo…

Feb 28 2015 11:51 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @richardrekhy: #Budget2015 is pragmatic,growth oriented,dealt with no. of issues on ease of doing business. This should create investor …

Feb 28 2015 11:51 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @narendramodi: Budget is investment friendly & removes all doubts on tax issues. It assures investors that we have a stable, predictable…

Feb 28 2015 11:50 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @DhruvaAdvisors: Dinesh Kanabar, CEO of Dhruva Advisors on a pannel discussion on CNBC TV 18 -

Feb 28 2015 11:21 ·  reply ·  retweet ·  favourite
International Correspondents

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