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Corporate Tax Archive

  • December 2012

    India continues to expand tax treaty network

    December 18, 2012

    SS Palanimanickam, India’s Minister of State for Finance, in written response to a question in the Rajya Sabha last week, confirmed that India is in the process of signing double taxation avoidance agreements (DTAAs) with 12 countries and tax information exchange agreements (TIEAs) with 34 countries.

  • Switzerland: No more untaxed assets in our banks

    December 18, 2012

    The Swiss Federal Council on Friday issued a statement saying it wants to prevent banks and other financial institutions from accepting untaxed assets by enhancing due diligence requirements.

  • The French approach to tax avoidance

    December 18, 2012

    Recent positions taken by the British authorities to seek more taxes from multinationals operating on UK territory such as Amazon, Google or Starbucks have triggered widespread reactions throughout Europe and in the US.

  • Germany fails to revive Swiss tax deal

    December 13, 2012

    The German Mediation Committee that was convened to try and save the German-Swiss tax agreement regarding undeclared and untaxed assets in Swiss accounts has failed to agree on a solution.

  • Australia announces expert group to tackle multinational tax minimisation strategies

    December 11, 2012

    David Bradbury, Australia’s assistant treasurer, yesterday announced the members that will make up the country’s new specialist reference group, which is tasked with examining the tax minimisation strategies used by multinationals and “its risks to the sustainability of Australia’s corporate tax base”.

  • Connolly joins DLA Piper in Los Angeles

    December 11, 2012

  • Foley & Lardner hires Fred Adam to boost Silicon Valley practice

    December 11, 2012

  • TAXPAYER OPINION: Why I worry about US corporate tax reform

    December 11, 2012

    OPINION: Almost everyone agrees that the two greatest economic problems facing the US are the growing Federal deficit and persistently high unemployment and underemployment. So it is surprising to a long-time tax practitioner that the two leading proposals for corporate tax reform in the US – lowering the corporate tax rate through base broadening and adopting a territorial tax system – are almost certain to make both problems worse.

  • TJN report calls for unitary taxation

    December 11, 2012

    A new report from the Tax Justice Network (TJN), which calls for unitary taxation to prevent multinational corporations avoiding tax, will divide opinion among authorities.

  • UK draft Finance Bill confirms 21% rate from 2014

    December 11, 2012

    The UK government has released draft legislation for the Finance Bill 2013, marking the start of the consultation period for measures announced in last week’s Autumn Statement. The corporate tax cut – to 21% from April 2014 – was confirmed.

  • Why German officials are unconcerned about UK corporate tax competition

    December 11, 2012

    George Osborne, the UK Chancellor of the Exchequer, said the UK will have the lowest corporate tax rate of any Western economy when he announced the tax would fall to 21% by 2014 in his Autumn Statement. In particular, he mentioned Germany, but German tax officials have said they do not expect to lose investors.

  • Ireland maintains 12.5% rate amid austere budget changes

    December 10, 2012

    Michael Noonan, Ireland’s Finance Minister, reiterated the country’s commitment to its 12.5% corporate income tax rate last week. The commitment was the headline announcement in the country’s latest austerity budget.

  • What you have missed on ITR Premium

    December 10, 2012

    Ireland-US FATCA agreement; UK & Ireland tax accounting standards; UK Autumn Statement; Germany-Switzerland tax agreement; Indian reverse charge mechanism; OECD VAT guidelines; Holding companies and VAT groups; and Strategic dividend distribution.

  • Starbucks acknowledges benefits of tax transparency and pledges to pay £10 million a year to UK

    December 06, 2012

    Much-maligned coffee chain Starbucks this morning announced that, “having listened to customers and the British public”, it will pay higher corporation tax in the UK. The company says the payment amount will be higher than what is required by law.

  • What you have missed on ITR Premium

    December 06, 2012

    UK on FATCA; US unveils FATCA Model 2 agreement; Canada-Hong Kong DTA analysis; UK firms call for tax breaks; US sales and use taxes; UK VAT; Russian Supreme Court; and Canada’s Morguard ruling.

  • AUTUMN STATEMENT: UK cuts corporate tax rate amid raft of anti-avoidance measures

    December 05, 2012

    George Osborne, UK Chancellor of the Exchequer, today delivered his Autumn Statement, announcing a surprise extra percentage point cut in the corporate tax rate.

  • Osborne reduces UK corporate tax rate again

    December 05, 2012

    UK Chancellor of the Exchequer George Osborne has confirmed that the UK’s main rate of corporation tax will fall by a further percentage point, to 21%.

  • Germany – Switzerland agreement hits the rocks, but may be revived

    December 04, 2012

    The German government is attempting to overturn a rejected tax agreement with Switzerland.

  • Illinois continues drive for corporate tax transparency

    December 04, 2012

    A tax transparency plan, proposed by Illinois Senate President, John Cullerton, has scraped through the Senate by three votes, and has moved to the Illinois House of Representatives.

  • Russia-Switzerland DTT analysis

    December 04, 2012

    The protocol of amendment to the Russia-Switzerland double tax treaty (DTT), signed on September 24 2011, entered into force last month on November 9. The revised treaty, which contains updated information exchange provisions and reduced withholding tax rates, strengthens economic ties between the two countries.

  • Commissioner Semeta reveals tax priorities for 2013

    December 03, 2012

    The European Commission has another busy year ahead as the financial transaction tax (FTT) and VAT reform go full speed ahead, while it looks at ways to crack down on tax avoidance and it looks to press on with the common consolidated corporate tax base (CCCTB). Salman Shaheen speaks to Algirdas Šemeta, Commissioner for Taxation and Customs Union, Audit and Anti-Fraud about what he has planned for 2013.

  • UK politicians attack Starbucks' tax planning

    December 03, 2012

    The UK Parliament’s Public Accounts Committee (PAC) has called for government action to clamp down on seemingly successful multinational companies that pay little tax in the country, as well as criticising HM Revenue & Customs (HMRC).

International Tax Review Profile

RT @CBItweets: UK needs a Budget that enables the country to grow its way out of austerity. Here are 5 business priorities https://t.co/CAw

Oct 19 2017 09:19 ·  reply ·  retweet ·  favourite
International Tax Review Profile

This year's World Tax directory is now online. How does your firm stack up? https://t.co/CtRbW1Ub5j

Oct 19 2017 09:13 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @AuroChardon: Let's honour the #memory of a brave #journalist and woman ➡️ vigil tomorrow, 18 Oct, 6pm, in front of Residence Palace #Da…

Oct 18 2017 04:42 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Big Soda scores victory as Chicago-area tax repealed - could this be the beginning of the end of the sugar tax trend?https://t.co/PNuafWHy9K

Oct 12 2017 04:03 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Ebay and Netflix pay total UK tax of less than £1.9m - How long until HMRC investigate their TP practices? https://t.co/VPPsT3aGMZ via @FT

Oct 12 2017 03:59 ·  reply ·  retweet ·  favourite
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