Copying and distributing are prohibited without permission of the publisher

Corporate Tax

Corporate Tax archive
  • 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.

  • 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

  • Why Japan is cutting its corporate tax rate

    August 08, 2014

    The corporate income tax rate in Japan is known to be one of the highest worldwide. To encourage foreign companies to do business in Japan and make Japan a more attractive location for investments, Prime Minister Shinzo Abe is considering reducing the corporate income tax rate to a "competitive rate in the global market".

  • Convergence or divergence: New reporting standards in India

    August 06, 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.

  • How Hong Kong is adapting to international fiscal transparency standards

    August 04, 2014

    Hong Kong is an important financial, trading and service hub for China and Asia which is a result of very good infrastructure, highly effective financial markets and a highly competitive tax regime. Hong Kong has always aimed at minimising administrative burdens which results in a very simple and easy-to-handle tax regime that many countries would wish for. Thus, more complicated tax regulations including tax treaties or anti-avoidance regulations including transfer pricing have been kept to a bare minimum, if included at all.

  • Inversions - special focus

    August 04, 2014

    Between 1983 and 2004 there were 29 inversion transactions out of the US. In the decade following, almost 50 companies restructured using the method. With foreign profits trapped offshore by an outdated, worldwide system which would hit them with a tax on repatriation, as well as a high tax rate, the temptation to consider an inversion is proving too much for US companies, particularly those in the highly-mobile pharmaceuticals sector. Whatever the motivation, inversions are in vogue. ITR’s special report looks at the knock-on impacts of the current wave of inversions, including shareholder pressure to consider an option they see their rivals pursuing and the possible inflammation of the tax morality debate in the US. We also bring you exclusive insight as to why Danaher is not looking to invert.

  • Trends in Latin American business restructurings: Spain as a holding jurisdiction

    August 04, 2014

    Its ETVE regime is one of the reasons why Latin America businesses are using Spain as a holding company location, but interested taxpayers should remember the substance requirements.

  • Americas Awards nominations released

    August 01, 2014

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

  • APM Terminals global tax head: Divergent thinking is the way forward

    August 01, 2014

    In part two of International Tax Review’s exclusive interview, Steven Ouwerkerk, global head of tax & treasury at APM Terminals, based in the Netherlands, discusses the transition from adviser to in-house professional, analyses the challenges an in-house tax team faces, and stresses the importance of thinking divergently to find creative solutions.

  • Pfizer and AstraZeneca go separate ways…for now

    July 31, 2014

    After the failure of the Pfizer-AstraZeneca transaction at the end of May, the two companies have now announced new deals with other companies. But the two drugs companies could return to the proposed inversion deal later this year.

  • APM Terminals global tax head: The importance of continuous dialogue with your CFO

    July 25, 2014

    In the first part of International Tax Review's exclusive interview, Steven Ouwerkerk, global head of tax & treasury at APM Terminals, based in The Hague, Netherlands, talks about the need for in-house tax teams to maintain consistent engagement with the boardroom and CFO, and reveals what it is that keeps him up at night.

  • Irish-German relationships – tension over tax?

    July 25, 2014

    A recent report criticising Ireland’s economic growth plan – initially labelled as coming from the German Bundestag Finance Committee – has caused controversy and tension in Irish-German relations, but an analysis of the facts shows the report does not wholly represent German attitudes towards Ireland.

  • US lawmakers call for greater economic patriotism as inversions continue

    July 25, 2014

    The Senate Finance Committee this week held a hearing on proposals to reform the taxation of multinational enterprises, and given the recent trend of US companies inverting abroad, the hearing unsurprisingly focused on dealing with inversions.

  • The OECD answers your questions about the global automatic exchange standard

    July 24, 2014

    EXCLUSIVE: On Monday July 21 the OECD released the full version of the Standard for Automatic Exchange of Financial Account Information in Tax Matters, which requires financial institutions to report detailed financial account information to their governments, which then exchange such information automatically with other jurisdictions on an annual basis. The Standard developed by OECD in response to a mandate by the G20 was first presented to and endorsed by the G20 Finance Ministers in February 2014.

  • Arthur Laffer: Where US tax policy has gone wrong

    July 22, 2014

    Arthur Laffer, renowned economist and inventor of the curve that bears his name, met with International Tax Review to discuss what he would change about US tax policy, why he favours a flat tax and why simplification should be central to tax reform.

  • How to plan for Australia’s corporate tax cut

    July 22, 2014

    Camron Allen, partner at WTS Australia, looks ahead to next year’s corporate tax cut and outlines what taxpayers can do now to plan for the rate reduction.

  • McAlonan joins EY from IRS

    July 21, 2014

  • Tax justice campaigners point out holes in UK’s planned beneficial ownership register

    July 20, 2014

    Campaigners including Christian Aid, Global Witness and Tax Research have hailed the UK government’s proposal to implement a register of beneficial ownership as a world first. But they are now warning that the register may not be accurate if carried forward in line with existing plans.

  • Inversions trend continues to cause controversy

    July 18, 2014

    Medtronic and Covidien announced last weekend that they intend to complete a $43 billion tie-up and fellow US pharmaceutical company, AbbVie, is set to send a formal $31 billion offer for Irish rival Shire today: the trend of inversion transactions out of the US shows no signs of abating.

  • Why Danaher Corporation is not looking to invert

    July 18, 2014

    Despite the recent spate of corporate inversion transactions, not all US taxpayers have caught the inversion bug. Danaher Corporation's Jim Ditkoff tells International Tax Review "Congress can do whatever they want with inversions as far as I'm concerned". Here he explains why Danaher is not following the herd by inverting overseas.

  • Al-Thani takes CFO and tax roles at Qatar Financial Centre Authority

    July 14, 2014

Click here for more articles
International Tax Review Profile

Go to our #facebook page to read our #ArticleOfTheWeek #mostread

Aug 27 2014 10:06 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Happy Wednesday to our new followers @EWTaxTeam, @sunitadoobay, @TaxLaw360, @nota_tributaria and @CEOblackswan

Aug 27 2014 09:40 ·  reply ·  retweet ·  favourite
International Tax Review Profile

"We do not expect there to be a meaningful reduction in our tax rate" - @BurgerKing CEO #inversions @TimHortons

Aug 27 2014 08:41 ·  reply ·  retweet ·  favourite
International Tax Review Profile

A Whopper of a tax problem via @POLITICO

Aug 27 2014 08:39 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Government warned against corporate tax changes via @IrishTimes

Aug 27 2014 06:45 ·  reply ·  retweet ·  favourite

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