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Corporate Tax

Corporate Tax archive
  • EC grills 11 LuxLeaks multinationals on tax; extends mandate for tax rulings investigation

    November 26, 2015

    Following the questioning of Anheuser-Busch InBev, Coca-Cola, Disney, IKEA, Amazon, Google, HSBC, Barclays, Facebook, Philip Morris International and McDonald’s, the mandate of the European Commission’s (EC’s) TAXE Committee has been extended.

  • Northern Ireland’s push for fiscal control

    November 26, 2015

    A deal to resolve the political debate over Northern Ireland’s corporate tax autonomy has been announced, which will lead to a 12.5% Northern Irish corporate tax rate from April 2018.

  • The UK’s tax policy battleground: Gauke vs Marris on top tax myths

    November 25, 2015

    Financial Secretary to the UK Treasury David Gauke and the opposition Labour MP shadowing him, Rob Marris, have shared a platform for the first time since May’s election.

  • UK Autumn Statement 2015: Osborne hits business with new levy, continues anti-avoidance drive

    November 25, 2015

    George Osborne, UK Chancellor of the Exchequer, has delivered his Autumn Statement, hitting employers with a new 0.5% charge on employers’ payrolls and pledging to bring in an extra £5 billion a year through tax avoidance action.

  • 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.

  • Italy: Transactions with tax havens governed by proportionality (and reason)

    November 24, 2015

    Italy has updated its rules governing transactions with parties located in tax havens.

  • The battle over Taiwan’s capital gains levy ends

    November 20, 2015

    The legislative Yuan (parliamentary branch of government) in Taiwan has passed an amendment to abolish the yet-to-be-implemented capital gains tax on stock investments.

  • G20 endorses BEPS package recommendations

    November 17, 2015

    G20 leaders in Antalya, Turkey have endorsed the OECD’s recommendations to counter base erosion and profit shifting (BEPS). The endorsement came during the November 16 G20 summit

  • India to accelerate corporate tax cut

    November 10, 2015

    India could slash its corporate tax rate sooner than expected, as the government sets out a roadmap for curtailing tax exemptions.

  • 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.

  • Parliamentary report says HMRC is failing taxpayers

    November 06, 2015

    A report released by the Public Accounts Committee (PAC) on UK tax authority HMRC’s performance for 2014-2015 has revealed numerous concerns, and claims the tax authority is failing UK taxpayers.

  • Indonesia relaxes tax holiday rule and introduces debt-to-equity ratio

    November 04, 2015

    The government recently issued regulations to revise tax holiday and introduction of maximum of debt-to-equity ratio.

  • Higher tax burden on M&A transactions in Brazil

    November 03, 2015

    As Brazil endures economic and political instability, the valuation of businesses for M&A purposes is suffering.

  • Tax transparency and the Swiss financial centre

    October 29, 2015

    Urs Kapalle, head of tax and fiscal policy at the Swiss Bankers Association (SBA) in Basel, and Dominic Gubler, tax counsel at the SBA, look at tax transparency and information sharing initiatives involving Switzerland, assessing FATCA and automatic exchange of information from the Swiss perspective and highlighting the past, present and future activities relating to implementation of the country’s tax transparency strategy.

  • M&A and ‘tax cursors’: Will they make or break your deal?

    October 29, 2015

    With continuing signs of a more business-friendly attitude from the Indian government, mergers and acquisitions (M&A) activity is picking up once more. Sanjay Sanghvi and Vinita Krishnan of Khaitan & Co analyse the role of ‘tax cursors’ in the successful completion of a transaction.

  • 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’.

  • The Brockman brief: Tax transparency: Is it a one-way street?

    October 29, 2015

    The envisaged ideals of ‘tax transparency’ are being proposed, and legislated, by tax administrations worldwide. This month’s Brockman brief focuses on the fact that mutual and reciprocal tax transparency with multinational entities (MNEs) remains somewhat elusive. It is now time to briefly assess some of these initiatives to fairly gauge the mutuality of such initiatives.

  • The Cunningham Column: Every little helps in international tax reform

    October 29, 2015

    To start his new monthly column, Ralph Cunningham, the Hong Kong-based managing editor of International Tax Review, argues that capacity building will be critical to BEPS implementation in the Asia-Pacific region if piecemeal, unilateral measures are to be avoided.

  • Irish Finance Bill: Country-by-country reporting

    October 29, 2015

    The Irish Finance Bill published on October 22 2015 contains details of Ireland's response to Action 13 of BEPS - the minimum standard of country-by-country reporting (CbCR).

  • Indian tax clarity key to attracting investment

    October 27, 2015

    Vitthal Dehadray of Franklin Templeton Asset Management and Rajeshree Sabnavis of BMR & Associates look at the emerging direct tax debates impacting the asset management industry in India.

  • 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.

  • BEPS implementation: The role of a multilateral instrument

    October 27, 2015

    Jeffrey Owens, director of the Global Tax Policy Centre at the Vienna University of Economics and Business (WU) Institute for Austrian and International Tax Law (IAITL) and former OECD tax chief, and Nathalie Bravo, research associate at the IAITL, explore the role of a multilateral tax instrument in implementing BEPS Project measures, and analyse the treaty issues and technical challenges to be overcome.

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International Tax Review Profile

@magnus_morton @ato_gov_au Not sure we follow you,Magnus.

Nov 27 2015 11:09 ·  reply ·  retweet ·  favourite
International Tax Review Profile

.@ato_gov_au reveals how it will apply Combating Multinational Tax Avoidance Bill 2015 when it becomes law

Nov 27 2015 08:06 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @taxinparliament: Did #spendingreview change how #OECD #BEPS recommendations will affect the UK? tell APPG #responsibletax your views ht…

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RT @BelTel: Four tax partners at KPMG in Belfast investigated by HMRC

Nov 27 2015 05:53 ·  reply ·  retweet ·  favourite
International Tax Review Profile

New agreement on application of #arbitration in Canada-UK #tax treaty

Nov 27 2015 03:39 ·  reply ·  retweet ·  favourite
International Correspondents