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Corporate Tax

Corporate Tax archive
  • Brazil: Tax incentives for the oil sector

    November 25, 2014

    In recent years, the Brazilian Government has granted significant tax relief to the oil sector, amounting to billions in savings for corporations.

  • EC’s Raponi speaks about future of EU VAT mini one-stop shop

    November 21, 2014

    Donato Raponi, head of the European Commission’s VAT Unit, has spoken about the potential for the scope of the EU’s VAT mini one-stop shop (MOSS), which will be rolled out from January 1 2015, to be expanded further.

  • Negotiations complete; China-Taiwan DTAA could be signed January 2015

    November 21, 2014

    Though Taiwan would be the agreement’s primary beneficiary, the jurisdiction is treading lightly before formally signing an agreement with neighbouring China for the avoidance of double taxation. The treaty will cut the tax Taiwanese companies are subjected to on their Chinese operations.

  • Japan tax reforms likely to continue despite 18 month sales tax delay

    November 20, 2014

    Japan’s 2015 tax reform proposal may not be delivered until January 2015 because of Prime Minister Shinzo Abe’s snap elections on December 14. However, tax professionals are confident that the delay of a two percentage point consumption tax increase will not impact other expected changes to Japan’s tax regime.

  • The European Tax Awards 2015 season kicks off on Monday December 1

    November 20, 2014

    That is when companies and firms will be able to download the submission forms from this website and compete for the awards, which are now in their 11th year. The closing date for submissions is Monday February 2 2015 and the awards will be presented at a dinner at the Grosvenor House hotel in London on Thursday May 21 2015.

  • EC says Netherlands tax deal with Starbucks constitutes state aid

    November 14, 2014

    The European Commission has released a preliminary view that an advance agreement struck between Starbucks and the Dutch government constitutes state aid.

  • Singapore and EU complete talks on FTA despite disagreements over investment protection

    November 14, 2014

    Singapore and the EU have concluded talks on a free trade agreement (EUSFTA) linking the two jurisdictions. The agreement was initialled in 2013, but negotiations on investment protection delayed its completion until October of this year.

  • UPDATE: Corporate tax exemption for profits made over Shanghai-Hong Kong Stock Connect

    November 14, 2014

    One business day before the opening of the Shanghai-Hong Kong Stock Connect, China’s Ministry of Finance formally announced that profits made on transactions over the connect will be temporarily exempt from capital gains tax. The introduction of the connect is the first time that individuals and small to medium investors will be able to access the Chinese stock market.

  • Capital gains tax issue still unresolved ahead of momentous Shanghai-Hong Kong Stock Connect launch

    November 12, 2014

    While Beijing’s lawmakers are preoccupied with the APEC (Asia-Pacific Economic Cooperation) summit, traders and brokers are holding their breath to hear whether gains under the new Shanghai-Hong Kong exchange, called Stock Connect, will be exempt from China’s 10% capital withholding tax on foreign investors.

  • Belarusian Budget hits companies with direct and indirect tax hikes

    November 11, 2014

    The Belarusian Budget contains increases in several indirect taxes, as well as an increase in corporate income tax (CIT) on banks and insurance providers from 18% to 25%.

  • European IP tax regimes set for reform after UK-Germany agreement

    November 11, 2014

    The scope of the UK Patent Box regime is to be restricted after Germany and the UK reached agreement to reduce the competitive advantages it provides. The restrictions are likely to be extended to other European intellectual property (IP) tax regimes.

  • HMRC recovers record amount of unpaid taxes due to targeted approach

    November 11, 2014

    The top team of special investigators at UK tax authority Her Majesty’s Revenue and Customs (HMRC) has gathered £4.15 billion ($6.58 billion) in unpaid tax in 2013/2014, a new record.

  • Vince Capurso comes back to GGCP and GAMCO as general tax counsel

    November 11, 2014

  • Australia responds to Luxembourg tax deal claims

    November 07, 2014

    On November 5 the US-based International Consortium of Investigate Journalists (ICIJ) released the tax rulings of 548 corporations accused of having ‘secret tax agreements’ with Luxembourg. A follow-up piece in the Australian Financial Review went as far as to accuse the Big 4 of facilitating the agreements in an article titled ‘Big four audit firms behind global profit shifting’.

  • Argentina suspends P&G operations over allegations of tax fraud

    November 06, 2014

    Procter & Gamble’s (P&G) operations in Argentina have been suspended because of allegations the company overbilled exports to funnel money out of the country, hiding taxable income. Press coverage has intensified and the boundaries between fact and speculation are becoming increasingly unclear.

  • Luxembourg comfort letter tax deals could spell trouble for EC’s Juncker

    November 06, 2014

    The leaking of documents detailing tax arrangements Luxembourg has agreed with hundreds of corporate taxpayers is adding to pressure on Jean-Claude Juncker, president of the European Commission, after last month’s state aid investigation launches into deals signed by the Grand Duchy while Juncker was prime minister had already cast doubt on the appropriateness of his Commission appointment.

  • India's FATCA future unclear after names of alleged tax evaders are made public

    November 05, 2014

    On October 27, the Indian government disclosed names of alleged tax evaders to the Indian Supreme Court in an affidavit signed by the Department of Revenue. The affidavit accused some of the country's top business owners of tax evasion through foreign held bank accounts. This development raises questions over confidentiality clauses in FATCA agreements and other information exchange provisions.

  • Pharmaceutical and 'high risk' industries targeted in China’s crackdown on tax evasion

    November 05, 2014

    An October article in China’s government-run People’s Daily newspaper condemned multinational corporations for evading taxes. The article urged the government to prosecute those who moved money out of China through offshore structures and investments. Tax professionals say the article is a telling sign of China’s crusade to retain its fair share of tax income.

  • UK to introduce tax payment summaries

    November 03, 2014

    In a possible sign of increasing transparency from the UK government and tax authorities, the country will become only the second in the world to supply individual taxpayers with a breakdown of where their taxes are being spent, starting next week.

  • China streamlines taxpayer services

    October 31, 2014

    China has been accelerating its fiscal and tax reforms in recent years. The central government is keen to establish a healthy fiscal and tax system to help optimise allocation of resources, establish a fair market playground, and ultimately achieve prosperity of the nation. Wang Jun, Minister of Taxation of the People's Republic of China, outlines how the government is achieving this.

  • What businesses should know about Europe’s CCCTB

    October 30, 2014

    The European Commission announced its directive proposal for a common consolidated corporate tax base (CCCTB) more than three and a half years ago, on March 16 2011. Andreas Eggert discusses how the proposal has developed since then.

  • International Tax Review at 25: What has changed in a quarter of a century

    October 30, 2014

    Tax has changed dramatically since the first issue of International Tax Review came out in November 1989. Using a selection of articles – one from each year – Ralph Cunningham and Matthew Gilleard assess how many of those changes have been reflected in the publication over the past 25 years.

  • Mexico-UAE tax treaty analysis

    October 30, 2014

    The agreement between the Government of the United Arab Emirates (UAE) and Mexico for the avoidance of double taxation was signed in Abu Dhabi on November 20 2012. It came into force on July 9 2014 and will be applicable from January 1 2015.

  • South Africa and Hong Kong cut withholding tax on dividends and royalties to 5% in tax treaty

    October 28, 2014

    Hong Kong and South Africa signed their comprehensive double tax agreement (DTA) on October 17.

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Digital businesses get #VATMOSS in #EU

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RT @IRLDeptFinance: Min of State Harris opens public consultation to assist development of new International Financial Services strategy ht…

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International Correspondents

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