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Corporate Tax Archive

  • February 2018

    Private equity activity will not create a Danish permanent establishment

    February 28, 2018

    On February 23 2018 the Danish government presented a draft bill expresly stating that non-Danish investors carrying out long-term investment activity – for example through private equity, venture or infrastructure funds – will not have a permanent establishment in Denmark.

  • Wasteful expenditures lead to tax hikes in South Africa’s 2018 budget

    February 27, 2018

    Years of budget misuse has created a deep hole in South African government coffers. A new president means a new direction, starting with the 2018 budget that proposes a number of revenue-raising measures that are receiving mixed reactions.

  • The Brockman brief: Fast-track approvals

    February 27, 2018

    With the avalanche and uncertainty of unilateral adoption of BEPS-related provisions by many countries, in addition to subjective general anti-abuse treaty-based legislation, excessive lead times and inefficiencies of competent authority/treaty approval processes are becoming more costly and significant for both taxpayers and tax administrations.

  • Limited tax perks for MNEs in India’s last budget before 2019 elections

    February 27, 2018

  • Singapore budget delivers on GST expectations

    February 27, 2018

  • The EU’s digital tax framework threatened by conflicting political agendas

    February 27, 2018

  • US tax reform: The tax competition risks to the Netherlands and EU

    February 27, 2018

  • No room for doubt: the ‘race to the bottom’ is on

    February 27, 2018

    Judging by the speeches at the World Economic Forum in Davos, political and business leaders are concerned by the changing dynamics of international tax competition and there can be no doubt that the ‘race to the bottom’ is on.

  • Tax talent: The world's best transactional firms 2018

    February 27, 2018

    Despite global M&A volume exceeding $3 trillion for the fourth consecutive year, there can be no doubt that uncertainty has affected the transactional market during the past year, and will continue to do so in 2018, but this isn’t to say that all of its effects will be negative.

  • US tax reform: GILTI uncertainties

    February 27, 2018

    For months, Congress promoted the tax reform effort as being focused on simplifying the outdated and complex 1986 Tax Code. Tax reform, culminating in H.R. 1, did no such thing, at least where it applies to multinational US corporations. Nowhere is this more apparent than in section 951A, the tax on global intangible low-taxed income, or ‘GILTI’. Erik Christenson, partner at Baker McKenzie, and Monte Silver, senior counsel at Eitan, Mehulal & Sadot explain.

  • Is the UK about to derail the EU’s digital tax plans?

    February 26, 2018

    The UK Treasury has hinted it may be about to draw up a digital tax on the revenue of tech companies like Facebook and Google. This would put the UK ahead of the EU’s plan to introduce a new system for digital tax.

  • Tech companies rush to the Philippines ahead of tax cuts

    February 23, 2018

    The Philippines is set to implement corporate tax cuts in its drive to become a leading tech hub in Southeast Asia. The Philippine government hopes its bid to overhaul the tax regime will attract more businesses in the long-term.

  • Russia launches tax amnesty before CRS comes into effect

    February 21, 2018

    Russia has announced the launch of a capital amnesty and a tax-free wind up to allow business to declare assets. President Vladimir Putin has signed off on the plan just as international sanctions are tightening and the country awaits the common reporting standard (CRS) being implemented later this year.

  • Brazil updates its black and grey lists

    February 21, 2018

    Luiz Felipe Centeno Ferraz, tax partner at Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados, explores the practical impacts of Brazil’s black and grey lists of low-tax jurisdictions.

  • Will mandatory disclosures end CRS avoidance?

    February 16, 2018

    The OECD is preparing mandatory disclosure rules (MDRs) to deter some advisers and service providers from actively marketing schemes designed to circumvent the common reporting standard (CRS) reporting requirements. But tax advisers and organisations have raised concerns about the plans.

  • Singapore budget to focus on GST and digital sales

    February 14, 2018

    A new e-commerce tax, tax hikes, and changes to the goods and services tax (GST) regime that may affect MNEs are all highly likely in Singapore’s 2018 budget next week.

  • Watch again: ITR webinar examines 2018 India budget in detail

    February 06, 2018

    On the day of the India budget, International Tax Review and representatives from Dhruva Advisors, Taxsutra and JSW Steel examined the tax implications for multinational companies.

  • Tax considerations applicable to consortiums in the upstream sector in Mexico

    February 02, 2018

    Derived from the implementation of the energy reform in Mexico, the Mexican Government is carrying out diverse biding processes to award contracts for exploration and production of hydrocarbon activities. Round 2.4., in which 29 deepwater blocks were offered, was carried out on January 31 2018 and was extremely successful.

International Correspondents