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Corporate Tax

Corporate Tax archive
  • India Budget 2015-16: Arun Jaitley sends strong signal to investors

    February 28, 2015

    Arun Jaitley delivered India’s Union Budget 2015-16 today, sticking to the government’s script of encouraging increased investment from the business community. While the overall reaction has been positive, silence on the future of certain aspects of the minimum alternate tax (MAT) is one drawback for taxpayers.

  • Battle of the Budgets: Tax incentives feature in Hong Kong & Singapore plans for 2015/16

    February 27, 2015

    The two highly competitive Asian financial hubs have announced their Budget plans for the 2015-16 fiscal year. Though frequently compared based on their size and attractiveness to global businesses, Hong Kong and Singapore’s respective Budgets conveyed disparate views on how best to attract foreign investment and stoke home-grown innovation through tax incentives.

  • Indian Budget to focus on ‘Make in India’ and FDI incentives

    February 26, 2015

    February 28 will see the Narendra Modi government deliver its first full Budget, for 2015-16. Finance Minister Arun Jaitley’s speech has been shrouded in speculation, but taxpayers should expect incentives related to manufacturing and the ‘Make in India’ campaign, while the general anti-avoidance rule (GAAR) is likely to be deferred.

  • The Brockman brief: Interest: Double taxation equality is fading

    February 24, 2015

    In the first of his regular monthly updates, Keith Brockman, global tax director at Mars, lecturer and author of the Strategizing Multinational Tax Risks blog, looks at why countries are enacting unilateral legislation to limit interest deductibility, the shift in focus from eliminating double taxation to eliminating non-taxation, and why, as a result, double taxation via interest limitations is here to stay.

  • Negative harmonisation: The EC, goodwill and state aid

    February 24, 2015

    In the last quarter of 2007, the European Commission notified Spain of its decision to open a formal investigation procedure under article 88(2) of the EC Treaty concerning the tax regime for the amortisation of financial goodwill. Jose Maria Garcia-Valdecasas Alloza, partner of Balaguer – Morera & Asociados and associate lecturer at the University of Barcelona, explores the EC’s “negative tax harmonisation”

  • Cheers! Celebrate the world's top transactional firms

    February 24, 2015

    International Tax Review analyses global M&A trends from the past year and highlights the leading firms for tax transactional advice by jurisdiction.

  • Keeping track of a shifting transfer pricing landscape

    February 24, 2015

    Maik Thomas Heggmair of WTS discusses recent transfer pricing changes in Germany, including the adoption of the authorised OECD approach (AOA) into German legislation and incoming reporting changes and provides practical views on recent audit experiences.

  • Reform of the US tax system: Searching for the magic key

    February 24, 2015

    Donald Moorehead, partner at Squire Patton Boggs in Washington, DC, assesses the prospects for action towards US tax reform in 2015, explaining that it's no surprise many are looking back at 1986 - the last time reform was achieved - for keys to unlock the process, but significant challenges remain.

  • The European Tax Awards 2015: The entry period is now closed

    February 23, 2015

    The closing date for entries for the European Tax Awards 2015 has now passed.

  • Budget preview: Siemens on how tax may hold the key to 'Make in India'

    February 18, 2015

    With the Indian Budget fast-approaching, Subhankar Sinha, senior vice president, head of tax for the South Asia region at Siemens, looks at the tax measures that could be used to incentivise the government's 'Make in India' campaign.

  • Real estate structuring in France in light of changes to the France-Luxembourg tax treaty

    February 18, 2015

    Incoming changes to the provisions of the France-Luxembourg tax treaty should not cause too much concern for taxpayers, who will still have means for tax efficient real estate structuring in France.

  • FATCA reporting starts on March 31 for Model 2 IGAs and some Hong Kong institutions are not ready

    February 17, 2015

    Reports that the US Internal Revenue Service suspects Asian jurisdictions including Hong Kong and Singapore of making tax evasion easier has caused concern in the market, especially amid allegations that banks around the world have been helping clients evade tax. This concern has been heightened because under the terms of the Foreign Account Tax Compliance Act (FATCA), Hong Kong financial institutions are due to begin reporting to the IRS from March 31.

  • G20 ministers maintain support for BEPS agenda

    February 13, 2015

    Work on the G20 / OECD base erosion and profit shifting (BEPS) project has entered a new phase with the presentation of implementation guidance to a meeting of G20 finance ministers this week.

  • HMRC to work with Serious Fraud Office after PAC fireworks

    February 12, 2015

    The UK revenue authority, HMRC, will work with the police and the Serious Fraud Office (SFO) on leaked HSBC files showing that the bank helped clients avoid tax, after coming under pressure from members of parliament (MPs).

  • AICPA urges US Senate to ratify tax treaties

    February 11, 2015

    Accountants in the US are calling on the Senate to approve the tax treaties and protocols pending before it.

  • Foreign companies could be caught in China's new indirect transfer rules

    February 11, 2015

    In a strong indication of its growing commitment to enforcing tax compliance, China’s State Administration of Taxation released updated indirect transfer rules to replace Notice 698. Tax professionals say the more stringent tax rules, which include safe harbour regulations, withholding tax obligations of the buyer, and clarifications of reasonable commercial purpose, are both welcome and concerning.

  • HMRC withdraws key official from PAC grilling

    February 11, 2015

    The UK's tax authority, HM Revenue and Customs (HMRC), has withdrawn one of its most influential officials from questioning by the Public Accounts Committee (PAC) due to take place today.

  • HMRC faces tough questions on tax evasion from UK government committee

    February 09, 2015

    The UK tax authority, HM Revenue & Customs (HMRC) will face questions from the parliamentary Public Accounts Committee (PAC) on Wednesday afternoon.

  • Australia audits 20 ‘high risk’ corporations

    February 06, 2015

    The Australian Tax Office (ATO) has confirmed it has commenced 20 audits of ‘high risk’ corporations including 12 international technology companies.

  • Indonesia jails multinational executives to enforce tax compliance

    February 06, 2015

    As a last resort at enforcement and to reach ambitious collection goals, the Indonesian government has jailed at least eight executives and plans to send dozens more to debtors’ prison. The detainees work at five unnamed businesses that were found guilty of evading Indonesian corporate taxes totalling IDR13.6 billion ($1.07 million).

  • OECD will update G20 finance ministers on BEPS project implementation next week

    February 06, 2015

    G20 finance ministers will hear about the OECD's three-pronged approach to implementation of the BEPS Action Plan at their meeting in Istanbul on Monday and Tuesday of next week (February 9 and 10).

  • UK’s PAC condemns PwC tax avoidance schemes and HMRC inaction

    February 06, 2015

    The Public Accounts Committee (PAC) of the UK House of Commons has delivered a damning indictment of PwC’s tax advisory services, as well as criticising the UK’s own revenue authority, HMRC.

  • US businesses say Obama’s Budget 2016 tax proposals will harm economic growth

    February 05, 2015

    President Obama unveiled his FY 2016 Budget plan this week, seeking to replace the existing deferral system for US multinational companies and impose a minimum 19% tax on their foreign earnings, as well as charging a 14% tax on previously untaxed foreign income.

  • UK urgently considers oil investment allowance to remedy 'hostile tax regime'

    January 30, 2015

    Amid collapsing oil prices, the recent 2% tax reduction for British oil exploration companies is not enough, say tax advisers and analysts. North Sea oil companies say that their ability to stay competitive in the long term will be severely shaken unless steps are taken to alleviate the tax burden.

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International Tax Review Profile

Be sure to join the cocktail networking reception at the ITR Asia Tax Forum. Early bird registrations still available #ATF2015...

Mar 3 2015 12:20 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Welcome to our follower of the day @ir_ramdoo. Have a great day!

Mar 3 2015 09:33 ·  reply ·  retweet ·  favourite
International Tax Review Profile

#IndiaBudget2015 worry that there is no binding #disputeresolution mechanism in #GST @DhruvaAdvisors #DhruvaVox #UdayanChoksi

Mar 2 2015 04:40 ·  reply ·  retweet ·  favourite
International Tax Review Profile

#IndiaBudget2015 a lot to be done in next 13 months to implement #GST @DhruvaAdvisors #DhruvaVox #UdayanChoksi

Mar 2 2015 04:39 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @TaxPolicyCenter: #DynamicScoring in Congress is defensible but slippery via @UpshotNYT. Fore more on dynamic scoring visit our forum: h…

Mar 2 2015 04:01 ·  reply ·  retweet ·  favourite
International Correspondents

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