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Corporate Tax

Corporate Tax archive
  • Kokott takes aim at Marks and Spencer exception on EU group loss relief again

    October 24, 2014

    Juliane Kokott, an Advocate General of the European Court of Justice (ECJ), believes the Court’s decision on group loss relief in the Marks & Spencer case should be overturned.

  • Nonversion: AbbVie – Shire deal falls through but inversions will continue

    October 24, 2014

    The impact of a US Treasury Notice to reduce the benefits of tax inversion deals is taking effect. AbbVie has scrapped its proposed $54 billion takeover of Shire, and Salix and Cosmo have decided not to combine either.

  • Vietnam’s Decree 91 features tax incentives for manufacturing and technology

    October 24, 2014

    Vietnam’s Decree 91 on VAT and corporate income tax (CIT) came into effect on October 15 2014. It includes provisions on deductible expenses, tax incentives for manufacturers and high-technology firms, a reduction in the paperwork required for tax filing and in the corporate tax rate for agricultural businesses, which are all applicable for the 2014 reporting year

  • World Tax 2015 is now live online

    October 20, 2014

    World Tax 2015 is now live at www.itrworldtax.

  • Malaysia's budget cuts corporate tax rate, but only in two years

    October 15, 2014

    Taxpayers got some mixed news from this year's Malaysia budget, the last before goods and services tax (GST) comes into effect next April.

  • Irish Budget 2015 – Key international tax aspects

    October 14, 2014

    Ireland adopts first mover advantage including commitment to a best-in-class knowledge development box – a clear roadmap for the future

  • Time is up for the double Irish

    October 14, 2014

    The Irish government announced in its 2015 Budget today the abolition of the so-called double-Irish structure and its intention to introduce an income-based system for the taxation of intellectual property, which it is calling a Knowledge Development Box.

  • South Korea announces plans to tax corporate cash hoarding

    October 10, 2014

    On August 6 the Korean Ministry of Finance announced initial plans to tax corporations on excess cash reserves. The government hopes the extra tax revenue will stimulate growth but there is a risk the move could cause Korean firms to move excess reserves offshore.

  • Extending the G20 tax mandate

    October 06, 2014

    Examinations of how tax systems can promote growth and the use of tax incentives in developing countries, and capacity building are all important parts of the G20’s expanding tax work, argues Jeffrey Owens, Director, Vienna University’s Global Tax Policy Centre.

  • Ireland’s tax deals with Apple “constitute state aid”; Luxembourg’s Amazon arrangement also called into question

    October 06, 2014

    Amazon has been drawn into a European Commission (EC) investigation into the tax regimes of three member states: Ireland, Luxembourg and the Netherlands. The EC has said its preliminary view on Ireland is that “the tax rulings of 1990 (effectively agreed in 1991) and of 2007 in favour of the Apple group constitute state aid”.

  • Navigating the Cyprus IP tax regime

    October 06, 2014

    The Cyprus IP regime was introduced in 2012 to regulate and provide a framework for the taxation of intellectual property (IP).

  • Spanish CFC amendments: Human and material resources could change your tax position

    October 03, 2014

    The final version of the Bill amending the Spanish Corporate Income Tax Law was published on August 6, which included a phased corporate tax cut to 25% as well as amendments to the international fiscal transparency regime rules.

  • OECD unveils plan for 2014/2015 BEPS work

    October 02, 2014

    The OECD is getting straight back to work on base erosion and profit shifting (BEPS).

  • Tax planning: Source state substance requirements

    October 01, 2014

    Konstantin Korobchenko, of Leiden University, analyses substance requirements with a particular focus on substance requirements in respect of intermediary companies from the perspective of the source state.

  • Winners of the Americas Tax Awards 2014 celebrate

    October 01, 2014

    The big winners at this year’s Americas Tax Awards were EY, which won the Latin America Tax Firm of the Year and Shearman & Sterling, the winner of the equivalent award for North America.

  • The changing face of tax havens

    October 01, 2014

    The phrase tax haven has long conjured images of letterbox companies metres away from the golden sands and deep blue seas of Bermuda’s beaches. But is that moniker appropriate or is the stereotype shifting as European jurisdictions such as Denmark and the UK’s City of London are being stamped with the tax haven label following recent reform measures? Matthew Gilleard looks at tax competition in specific country contexts to see whether the face of tax havens is changing.

  • Treaty definitions proving a headache for Indian taxpayers

    October 01, 2014

    Differing tax treaty definitions, or the lack of them, mean that the term ‘operation of ships/aircrafts in international traffic’ has caused controversy for India’s taxpayers, explain Ajit Kumar Jain, Kanchana Ramamurthi and Mehul Jain of BMR & Associates.

  • What businesses should know about Europe’s CCCTB

    October 01, 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.

  • Latin America Focus 2014 now available

    September 30, 2014

    With reforms underway in a number of countries in the region, and international initiatives to keep track of, leading advisers update you on the latest developments from across Latin America.

  • US Treasury acts to halt inversions

    September 25, 2014

    ANALYSIS: The US has moved to try and curb the practice of inversion transactions which has seen a handful of companies relocate overseas, with many more considering the option. The rule tightening attempts to reduce the benefits of an inversion.

  • Big 4 and law firms share the spotlight at Americas Tax Awards 2014

    September 19, 2014

    The big winners at this year's Americas Tax Awards were EY, which won the Latin America Tax Firm of the Year and Shearman & Sterling, the winner of the equivalent award for North America.

  • OECD addresses aggressive international tax strategies: What do the measures mean for your business?

    September 19, 2014

    This week, the Organisation for Economic Co-operation and Development (OECD) released its first recommendations for combating international tax avoidance. The announcements, which form part of the multilateral organisation’s Base Erosion and Profit Shifting (BEPS) initiative, mark a major change to the global tax and transfer pricing landscape and will have an impact on multinational enterprises worldwide.

  • Scottish independence: UK tax professionals breathe sigh of relief at “No” vote

    September 19, 2014

    Scotland yesterday voted to remain part of the UK, with 2,001,926 “No” votes versus 1,617,989 “Yes” votes in response to the question “Should Scotland be an independent country?” The rejection of independence is being celebrated by the UK tax community, as a “Yes” vote would have caused considerable turmoil for taxpayers, advisers and authorities on both sides of the border.

  • GE’s Will Morris on BEPS release: Business still concerned about burdensome reporting requirements

    September 18, 2014

    Will Morris, chairman of the BIAC Tax and Fiscal Affairs Committee and global tax policy adviser for GE, weighs up the strengths and weaknesses of the OECD’s BEPS disclosure documents.

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International Tax Review Profile

RT @StefLvc: EU reform --> of the ^^ Statutory Audit Market ^^ will be effective beginning 17 June 2016 with the Exception of Mandatory Fir…

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RT @FinanceCanada: .@joeoliver1 tables second #EAP14 bill to support Jobs & Growth and return to balanced budgets in 2015

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.@FriedFrankTech announces double hire of Roman and Thornton

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International Correspondents

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