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Corporate Tax

Corporate Tax archive
  • The BEPS project at halfway

    September 16, 2014

    In this exclusive article for International Tax Review, Pascal Saint-Amans and Raffaele Russo of the OECD explain how the first half of the BEPS Project's work starts the task of bringing coherence, substance and transparency to international tax rules around the world.

  • Holding Companies Focus 2014 now available

    September 16, 2014

    Leading advisers from Eurofast in Cyprus, Grant Thornton in Ireland, KPMG in Malta and KPMG in Switzerland explain what each of their jurisdictions is doing to strengthen their appeal as holding company locations.

  • The tax market reacts to the BEPS 2014 deliverables: Do you agree?

    September 16, 2014

    The OECD today unveiled its 2014 deliverables at the halfway stage of the multilateral organisation’s ambitious base erosion and profit shifting project, commissioned by the G20, which represents the biggest ever review of international tax rules.

  • New Zealand: Tax reform hinges on election outcome

    September 12, 2014

    If the existing government retains leadership after the general election, no material changes are expected from a tax perspective. But if a Labour-led government wins power, advisers warn of significant tax reforms with major implications for taxpayers.

  • Spanish tax reforms working, but further action needed, says OECD

    September 12, 2014

    An OECD economic report on Spain has highlighted the need for the country to continue with reforms to its fiscal framework and tax system.

  • Swedish corporate tax cut and bankers’ tax hang in the balance of Sunday’s general election

    September 11, 2014

    With the main political parties holding largely different views on the future direction of Swedish corporate tax policy, Sunday’s general election could leave taxpayers with a host of tax reforms to contend with.

  • UK tax transparent funds and their role in the market

    September 10, 2014

    Following the introduction of the UK tax transparent fund (UK TTF) by the UK government in July 2013, we are now seeing real interest in the product and how it compares with vehicles already available in the European market. The first UK TTF was introduced by BlackRock Investment Management in June 2014, triggering debate about how these vehicles can be used to satisfy investor and business requirements.

  • Australia back on tax transparency drive before G20 meetings

    September 05, 2014

    COMMENT: Ahead of this month's G20 meetings in Cairns, Joe Hockey, Australian Treasurer, has reiterated the Abbott government's plans to clamp down on aggressive tax planning. But, like other jurisdictions including the UK, Hockey's rhetoric on attracting investment risks opening him up to accusations of trying to reconcile two opposing policies.

  • Chile pursues biggest tax code overhaul in 30 years

    September 05, 2014

    Chile is undertaking the most thorough review and reform of its tax system in three decades, but is not conforming to the most common reform trends being seen elsewhere around the world. Worryingly for taxpayers, the proposals would raise the effective tax rate for some foreign investors to more than 44%, and introduce general anti-avoidance rules and a carbon tax.

  • Taxpayer concessions included in latest draft of Russian CFC regime

    September 05, 2014

    A new draft of the Russian CFC law expected to be implemented in January 2015 is less severe than previous versions, but still presents a number of challenges to taxpayers.

  • Werner Schuster of Philip Morris: Why in-house is better than private practice

    September 02, 2014

    In an exclusive interview with International Tax Review, Werner Schuster, vice-president – head of tax at Philip Morris International (PMI), outlines the benefits of working in an in-house tax team, points out how technology is only as good as the data you input and explains why PMI does not outsource its tax functions.

  • World Tax Authority: Taking harmonisation to the next level

    August 29, 2014

    Recent attempts at tax harmonisation have struggled to take off. In Europe enhanced cooperation measures are being invoked because of the inability to find consensus. But what fate awaits the notion of a World Tax Authority (WTA)? Would it take tax harmonisation to the next level or, like the Europe-wide language of Esperanto, is this attempt at harmonisation doomed to fail? Matthew Gilleard analyses what has motivated discussion of such a concept and looks at the barriers to implementation.

  • Convergence or divergence: New reporting standards in India

    August 29, 2014

    India has announced the adoption of IFRS converged standards for financial reporting and tax accounting standards for the computation of taxable income. Sai Venkateshwaran, partner and head of the accounting advisory services group at KPMG in India analyses the impact and challenges of these announcements.

  • Going the extra mile - when finance and IT suddenly awoke

    August 29, 2014

    In the July/August issue, Frank Schoeneborn, head of group operational transfer pricing in the finance and accounting division at Merck Group, took a retrapolative look at the country-by-country reporting standard five years into its implementation. In part two, he looks at how different functions within a multinational company are interacting with the tax team to manage reporting obligations.

  • NZ Inland Revenue releases draft GAAR guidance

    August 29, 2014

    New Zealand has had a general anti-avoidance rule (GAAR) since income tax was first introduced in 1891. But in the past decade, changes in Inland Revenue practice and judicial attitudes have seen the GAAR, which was previously considered applicable only to highly artificial tax avoidance schemes, become probably the most broadly applied GAAR of any country in the world. Russell McVeagh’s Tim Stewart tracks this trend.

  • The IMF and international tax

    August 29, 2014

    David Spencer, of the Law Offices of David Spencer in New York, analyses the recent work of the International Monetary Fund (IMF) and assesses its growing influence in the area of international taxation.

  • Osborne figure-fudge highlights UK government’s core conflict on avoidance

    August 29, 2014

    COMMENT: George Osborne used inappropriate figures when boasting of the UK government’s success in clamping down on tax avoidance during the latest Budget, the UK Statistics Authority has found.

  • US political rhetoric continues as latest inversion deal creates third-largest global fast-food business

    August 28, 2014

    The $11 billion Burger King-Tim Hortons deal will see the new company located in Canada. Burger King company executives say it is motivated by growth opportunities rather than by any potential tax savings.

  • Inversions highlight antiquated US tax system

    August 22, 2014

    Comment: Far from representing the lack of economic patriotism of US companies, the trend of inversions out of the US is indicative of just how antiquated the US tax code is.

  • TEI raises concerns about Chinese GAAR

    August 21, 2014

    The Tax Executives Institute (TEI) submitted comments to China’s State Administration of Taxation (SAT) regarding its draft of administrative measures on general anti-avoidance rules (GAAR). The group, which represents the interests of in-house tax professionals, expressed concern that the new measures inappropriately expand the scope of GAAR and do not provide clarity to taxpayers.

  • Voluntary self-disclosure in Austria: New restrictions ahead

    August 21, 2014

    New tax law amendments in Austria are set to take effect from October 1. The amendments will mean taxpayers have more options to correct instances of negligence without criminal proceedings.

  • Americas Awards nominations released

    August 20, 2014

    The nominations for the Americas Tax Awards, which take place in New York on September 18, have been announced on www.internationaltaxreview.com.

  • Swedish tax official reflects on interest deductibility proposals

    August 14, 2014

    A Swedish committee on corporate taxation has proposed reforms to limit interest deductibility in the country. Borje Noring, tax auditor at the Swedish Tax Agency, Skatteverket, reacts to the proposals, which have drawn criticism from US business representative groups.

  • EY appoints Jay Nibbe as new global head of tax

    August 12, 2014

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International Tax Review Profile

RT @CharlesMakola: @EY_Africa ,#AfricaTax @JemimahMugo _guarantee fees and arrangement fees constitute interest_Kenya tax

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.@DeloitteTax Thanks to everyone who was at and supported tonight's #americastaxawards2014

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RT @quarkgirl3: Thrilled to be representing @McDermottLaw at @IntlTaxReview #americastaxawards2014 tonight in NYC!

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RT @quarkgirl3: @McDermottLaw just won Chicago Transfer Pricing Firm of the Year from @IntlTaxReview at the #americastaxawards2014 !

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International Correspondents

Which possible outcome of the G20 / OECD BEPS project would carry the biggest fear for your company?