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Corporate Tax

Corporate Tax archive
  • UK urgently considers investment allowance to offset high oil taxes

    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.

  • BEPS – Preventing treaty abuse: A practical perspective

    January 27, 2015

    Keith Brockman, global tax director at Mars and author of the International Tax Best Practices blog, analyses BEPS Action 6 on preventing treaty abuse, calling for more balance in seeking to avoid double taxation and double non-taxation, and more guidance on the interplay between domestic law and treaty interaction.

  • Mariano Giralt: Global custodian and acronym-buster

    January 27, 2015

    The landscape of international taxation is changing. The OECD’s BEPS project is likely to rewrite the rules governing international taxation in a way that has not been seen since the League of Nations shaped existing rules in the 1920s. A key component of this is taxation of the financial sector. Various sector-specific tax laws have been proposed. This is providing those in the sector with plenty to think about. One such figure is Mariano Giralt, Managing Director, Tax Services, at BNY Mellon. He talks to Matthew Gilleard about some of the key tax developments impacting financial services.

  • In taxpayers' sights: What to look out for in 2015

    January 27, 2015

    With multilateral projects due for final delivery, and many of 2014’s key themes lingering on, 2015 comes with a lot of unfinished business.

  • Full plate for taxpayers seeking certainty in 2015

    January 27, 2015

    With multilateral projects reaching their climax in 2015, the year ahead is sure to be filled with moments that define the future direction of international taxation. Matthew Gilleard highlights some of the major trends taxpayers should be looking out for in 2015.

  • Moving goalposts mean taxpayers must stay on toes

    January 27, 2015

    Joe Stanley-Smith analyses how new attitudes and initiatives from tax authorities in key jurisdictions will influence the national and international tax dispute landscape in 2015.

  • Portugal unveils new collective investment undertakings tax regime

    January 23, 2015

    Portugal’s new regime for the taxation of UCIs (undertakings for collective investments) aims to increase the attractiveness of using the securities and benefit in particular foreign investors. Only the future will tell if the purposes of these changes have in fact been achieved.

  • New corporate taxation in Brazil: Are corporations ready?

    January 22, 2015

    The new corporate tax legislation is the most significant of its kind in Brazil for many years, not least because of its effect on accounting.

  • China delays extending tax benefits of free trade zones

    January 21, 2015

    Only some industries will profit from tax incentives in China's three new free trade zones

  • New year, new start: Moves, mergers and promotions of 2015

    January 15, 2015

    The start of each year is often a time when firms choose to announce promotions, mergers and more.

  • Could drop in crude oil prices mean changes to GCC tax regime?

    January 13, 2015

    With the prices of crude oil hovering near $50 per barrel and no bottom in sight, economists and tax professionals say that the reliance on oil sales could leave the six countries of the Gulf Cooperation Council (GCC) over-exposed to price fluctuations.

  • Italy introduces new rules on tax avoidance and compliance

    January 12, 2015

    On December 24 2014 the Italian government approved a major tax reform aimed at giving legal certainty and protecting taxpayers’ fundamental rights.

  • Return of Abe: Japan plans to slash corporate tax rate to below 30% in five years

    January 09, 2015

    From April 1, Japan is cutting its famously high effective corporate tax rate by 2.51 percentage points down to 32.1%, with further increases scheduled for 2016. The government has also approved a reduction on loss write-offs and improved tax incentive schemes as Abenomics takes off in 2015.

  • 5% commercial tax hasn’t dented investment into Myanmar

    January 06, 2015

    The extension of Myanmar’s 5% commercial tax on previously exempt industries, which came into effect on April 1 2014, primarily applies to large and foreign corporations. Tax and industry professionals are generally positive about the changing tax regime, which augurs well for Myanmar as it attempts to create a competitive economy for foreign direct investment (FDI).

  • Vote now for the past year's top tax transactional and tax planning firms

    January 02, 2015

  • The big moves of 2014

    December 19, 2014

    A string of departures by senior Internal Revenue Service figures dominated the comings and goings among tax professionals in 2014.

  • New Spanish corporate income tax: The holding regime

    December 18, 2014

    Jose Maria Garcia-Valdecasas Alloza, partner at Balaguer-Morera & Asociados and assistant lecturer at the University of Barcelona, explores upcoming changes to the Spanish tax regime, which has not been comprehensively reformed since 2004.

  • US extenders Bill passes Senate, awaits Obama signature

    December 18, 2014

    The US Senate voted this week to approve a one-year retroactive extension of certain temporary tax provisions that expired at the end of last year, including the research and experimentation credit.

  • Bank loss relief restriction: UK financial services sector takes pre-election hit

    December 17, 2014

    COMMENT: As we look to another general election in the UK in 2015, the latest Autumn Statement contained a further measure affecting the financial services sector. Whether this represents sensible long-term tax policy or is another short-term political ploy to appease voter antipathy by punishing the banks is something for you to decide.

  • Criminal charges for Luxembourg leaker will not deter whistleblowers

    December 17, 2014

    Antoine Deltour, the former PwC auditor who leaked thousands of the company’s documents into the public domain has been charged with a string of offences including theft.

  • European Commission to seek information on tax rulings from all member states

    December 17, 2014

    The European Commission has expanded its state aid inquiry into tax rulings to cover all 28 EU member states.

  • Thomson Reuters honours Taxologists

    December 16, 2014

    Regulatory complexity and globalisation aren’t the only factors changing the landscape of tax.

  • China streamlines taxpayer services

    December 16, 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.

  • Kazakhstan amends tax code from 2015

    December 16, 2014

    Kate Habershon and Bakhytzhan Kadyrov of Morgan Lewis in Kazakhstan examine the potential impact on business of the country’s draft tax code.

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International Tax Review Profile

#ff @AislingTax @indvbio @GoodallCTA @Winnie_Byanyima @alieholder

Jan 30 2015 05:53 ·  reply ·  retweet ·  favourite
International Tax Review Profile

HMRC puts forward new measures to tackle persistent tax avoiders - HM Revenue & Customs (HMRC) via @mynewsdesk_uk

Jan 30 2015 05:37 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @AislingTax: Why is today tax avoidance day for Fiscs? HMRC consulting on penalties, @RevenueIE running a "disclosure facility" http://t…

Jan 30 2015 05:35 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @AislingTax: GAAR constitutional challenge due in High Court later this year. GAAR will turn 26 in May & only Supreme Court judgement on…

Jan 30 2015 05:32 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Have your say on the Corporation Tax (Northern Ireland) Bill - News from Parliament - UK Parliament via @UKParliament

Jan 30 2015 03:39 ·  reply ·  retweet ·  favourite
International Correspondents

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