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March 10, 2014
The G20 / OECD project on BEPS is likely to preoccupy tax executives over the next two years, even in jurisdictions that do not belong to either group.
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March 07, 2014
Reform of the US tax system is still a long way off judging by the differences between the proposals in the 2015 Budget which President Obama released this week and the plan of Dave Camp, the House Ways and Means Committee chairman, which came out a week earlier.
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March 06, 2014
In the first of a two-part series looking at cooperative tax compliance and enhanced relationships in Italy, Simone Zucchetti and Riccardo Petrelli look at the options already available to taxpayers in the country.
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March 05, 2014
Heads of tax and tax administrators should look to expand the G20 / OECD BEPS project and make it more inclusive, the World Bank’s top tax official has said.
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March 05, 2014
A number of widely different tax rulings on secondment arrangements for expatriate staff working in India can mean uncertainty for firms setting up in the country. Sudhir Nayak of Nexia International member firm SKP Group in India, discusses some of the recent controversies.
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February 28, 2014
The US tax reform discussion draft from Dave Camp, chairman of the House Ways and Means Committee, achieves two key goals for business, says John Engler, the leader of one of America’s most influential employers’ organisations: a corporate tax rate of 25% and a modern tax system.
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February 28, 2014
While this month’s interim Budget in India was merely a vote-on-account and went largely unheralded in the corporate tax world, Finance Minister Palaniappan Chidambaram did make pledges regarding the Direct Taxes Code (DTC) and goods and services taxation (GST).
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February 28, 2014
Tax departments around the world are facing growing demands to do more with fewer resources. Joel Walters, inbound tax leader for PwC US, explores how in-house teams can successfully navigate the new corporate tax landscape in light of increased scrutiny on tax planning processes, reporting requirements and compliance initiatives.
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February 27, 2014
Alcoa’s operations in Europe, Middle East and Africa run from Norway in the north of the region to South Africa in the south. It is a wide area of responsibility for the EMEA tax department of the global engineering and manufacturing company, which makes it crucial that when it uses external advisers, it finds the right ones to help it contribute to the company’s objectives.
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February 27, 2014
The British Bankers Association (BBA) has called on Chancellor of the Exchequer George Osborne to end the bank levy. His 2014 Budget is less than a month away.
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February 26, 2014
Last year saw the pace of tax policy changes across the world step up a gear. But the tax revolution is far from complete. From BEPS to US corporate tax reform and the EU financial transaction tax, many of the key initiatives that dominated the headlines in 2013 will continue to gather pace in 2014.
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February 19, 2014
Andrew Leigh, Australia's Shadow Treasurer, has urged Treasurer Joe Hockey to show strong leadership at the G20 meeting of finance ministers this week to progress global action to tackle base erosion and profit shifting (BEPS).
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February 18, 2014
Jim Flaherty, Canadian finance minister, continued the theme of recent years when he delivered his 2014 Budget speech last week, focusing on improving the integrity of the country’s tax system. He also announced measures that could see Canada acting unilaterally on issues being discussed at OECD level.
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February 14, 2014
Gertjan Verachtert looks at Belgium’s recent approaches to tackling serious tax fraud.
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February 13, 2014
Max Baucus’ move to become US ambassador to China has now been confirmed. As chairman of the US Senate Finance Committee (SFC), Baucus’ name had become synonymous with the issue of US tax reform. Ron Wyden, Oregon Democrat, will take up the SFC chairmanship.
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February 13, 2014
Global automatic exchange of financial account information got a step closer today after the OECD published its Common Reporting Standard.
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February 12, 2014
Who are the leading tax controversy advisers around the world? Nominate now.
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February 11, 2014
From January 1 2014, Italy has adopted a new tax credit on research and development (R&D) activities aimed to encourage companies to undertake R&D research in Italy.
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February 07, 2014
You might not expect City fund managers to feature very prominently among the growing ranks of tax activists, but times are changing, writes Mike Lewis of ActionAid.
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February 06, 2014
Palaniappan Chidambaram, India’s finance minister, said this week that the Direct Taxes Code (DTC) and goods and service tax (GST) Bills will not be passed in the current Parliamentary session, despite telling International Tax Review in December that he was hopeful of passing the heavily-delayed DTC Bill in the winter session.
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February 06, 2014
As the planning opportunities for avoiding, deferring or sheltering taxable gain on asset dispositions continue to be curtailed through changes in tax law and administration, taxpayers have turned to partnership transactions to accomplish these goals. Michael Sabbah, associate at Wachtell, Lipton, Rosen & Katz, explains why new proposed IRS regulations could limit the use of these types of transactions.
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January 31, 2014
The total tax contribution of the UK’s biggest companies rose by £500 million ($820 million) on 2012, despite corporation tax revenues falling sharply. And, for the first time, employers’ national insurance contributions overtook corporation tax as the biggest source of tax revenue from the 100 Group of Britain’s biggest companies.
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January 30, 2014
After pledging to reinstate the 50p top rate of income tax if his Labour party returns to power at the next election, Ed Balls, shadow chancellor, has been attacked for promoting an “anti-business agenda”.
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January 30, 2014
Spain is continuing to reform its tax code. Increasing revenue collection is one goal, and the largest companies will be footing the bill.
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January 23, 2014
Tony Abbott, Prime Minister of Australia, gave an address today at the 44th Annual Meeting of the World Economic Forum (WEF) in Davos, Switzerland, setting out Australia’s priorities for its G20 presidency.
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January 23, 2014
President Francois Hollande has proposed a €30 billion ($40 billion) easing of the French business tax burden, but only if companies show a commitment to invest and hire.
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January 22, 2014
Lisa Dunne of William Fry discusses the ICAV: A new corporate investment vehicle specifically designed for Irish funds, which has been announced by the Minister for Finance.
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January 22, 2014
HMRC has issued letters to people it believes hold bank accounts in the Cayman Islands, encouraging them to disclose any previously undeclared income and capital gains.
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January 20, 2014
Companies and firms can now enter for the European Tax Awards 2014. Entry information is available in hyperlinks throughout this story.
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January 16, 2014
Some of Europe's biggest taxpayers are concerned about the increased risk of double taxation from Poland’s proposed changes to its controlled foreign corporation (CFC) rules and thin capitalisation regime.