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Corporate Tax

Corporate Tax archive
  • Digital tax ball ‘back in the OECD court’

    December 06, 2018

    Member states have killed off the EU’s digital services tax (DST) proposal, but companies fear this will make unilateral action more likely.

  • Global Tax 20 2018

    December 05, 2018

    International Tax Review’s Global Tax 20 highlights the most influential people, events, countries and companies which have had an impact on the global tax landscape during the past year. The top 10 are out now, and the full list will be released later this month.

  • Banks and tax authorities outline how blockchain can cut costs

    December 05, 2018

    Tax chiefs at banks say they will implement blockchain technologies to cut costs and improve regulatory compliance. However, it may take government regulation to persuade businesses to implement the direct ledger technology.

  • Businesses brace for controversial Polish mandatory disclosure rules

    December 03, 2018

    Tax heads and advisors are in the dark about how Poland’s mandatory disclosure rules (MDR) will work. Poland’s measures go beyond the EU Directive and could set a standard among EU nations implementing MDR.

  • Evolution and adaptation with Kering Group

    December 03, 2018

    Kering’s Group Tax Director Sophie Maddaloni explains how the group’s corporate structure has enabled it to transform from a timber and construction specialist, to a distribution business, to the luxury goods group it is today.

  • Facebook, Google and Kering Group questioned by EU MEPs

    November 30, 2018

    Facebook and Google emphasised the importance of international consensus on changes to the international tax system to tax the digital economy and the scope of value creation during an EU Parliament committee hearing.

  • EU Parliament calls for cum-ex schemes inquiry and tougher rules

    November 30, 2018

    The cum-ex and cum-cum schemes that defrauded EU financial hubs of billions of euros continue to exist in other forms across Europe. An investigations unit and stricter laws could be introduced to tackle the fraud following a parliamentary vote.

  • Mauritius remains a favourite among treaty shoppers

    November 28, 2018

    Treaty shopping is still a common practice among taxpayers when investing in Africa, and Mauritius remains one of the best jurisdictions for minimising tax liabilities.

  • Bennett Jones adds five to its tax team

    November 28, 2018

    The Canadian firm Bennett Jones has appointed Ed Kroft, Jehad Haymour, and Deborah Toaze as partners and Sophie Virji and Eric Brown as associates to the Vancouver, Calgary and Toronto offices.

  • Businesses call for wider Japan tax reform after consumption tax rise

    November 28, 2018

    Japanese businesses are nervous that public pressure could again postpone an increase to the consumption tax rate, further delaying the overhaul of the tax system that they want.

  • Canada announces deficit-financed tax incentives that risk future tax hikes

    November 23, 2018

    Canadian Finance Minister Bill Morneau announced several tax measures in the Fall Economic Statement to persuade companies to invest long-term, but the incentives raise the country’s deficit and risk more taxes in the future.

  • Countries disagree on advantages of MLI ‘synthesised texts’

    November 23, 2018

    Jurisdictions are beginning to create ‘synthesised texts’ to help taxpayers understand how the OECD’s multilateral instrument (MLI) interacts with bilateral double tax treaties, but some believe they do not offer the legal clarity taxpayers seek and risk future disputes.

  • Luxembourg treaty exemption for gains from immovable property

    November 22, 2018

    The Tax Court of Canada recently found in Alta Energy Luxembourg v the Queen, 2018 TCC 152 (August 22 2018) that a non-resident was entitled to exemption from Canadian tax under the Canada-Luxembourg Income Tax Convention (Lux Treaty) on capital gains realised from the sale of shares of a private Canadian oil and gas company.

  • Proposed US regulations expand scope on tax-free foreign income

    November 19, 2018

    Proposed regulations for section 956 of the Internal Revenue Code could offer US multinationals the ability to use up to 100% of CFC assets as collateral for loans and other transactions, but there is uncertainty over their scope.

  • Nigeria’s Tunde Fowler: Digital tax solution must work for everyone

    November 16, 2018

    Nigerian revenue authority leader Tunde Fowler has emphasised the importance of coming up with a digital taxation solution that works for both developing and developed countries, as well as the business community.

  • J5 identifies ‘dozens’ of tax evasion enablers from online hunt

    November 15, 2018

    Data scientists and criminal investigators from the Joint Chiefs of Global Tax Enforcement initiative, or J5, discovered “multiple” new tax evasion enablers across Australia, Canada, the Netherlands, UK and US in a 24-hour pursuit, they told International Tax Review.

  • Tax heads relieved as EU’s digital tax hits a roadblock

    November 13, 2018

    Tax directors across Europe and the US are glad to hear the EU’s digital tax proposals have been delayed because they “create chaos”, contain too many uncertainties and can be applied in “all sorts of ways”.

  • Malaysia budget proposals may encourage aggressive tax tactics

    November 12, 2018

    In-house executives predict tax planning will become more aggressive in Malaysia following changes announced in the annual budget on how they can use tax losses.

  • Paradise Papers fail to expedite tax changes a year after scandal

    November 08, 2018

    A year after the release of the Paradise Papers, some politicians, tax justice campaigners, and legal professionals believe too little has changed. Actions beyond the BEPS project may be necessary, says one MP.

  • US tax director shares his approach to success in global tax

    November 07, 2018

    The tax director of a fast-growing American online business using data to deliver a global digital service shares his secrets of tax success with International Tax Review.

  • US mid-term elections spell gridlock for taxpayers

    November 07, 2018

    A divided Congress following the mid-term elections means US businesses can expect the Tax Cuts and Jobs Act (TCJA) to stay, but the possibility of a broad technical corrections bill is dead in the water.

  • DAC 6 reporting requirements pose numerous compliance problems

    November 07, 2018

    The taxpayer challenges arising from the EU’s directive on mandatory disclosures for intermediaries (DAC 6) are seemingly countless, writes Christian Kaeser, global head of taxes at Siemens, and Mark Orlic and Arne Schnitger of PwC.

  • What is happening with the tax treatment of foreign insurance undertakings?

    November 06, 2018

    Public information contained in the official register of the Spanish insurance supervisor states that there are 77 insurance and reinsurance undertakings (referred to as insurers henceforth) operating in Spain under the EU freedom of establishment regime.

  • KPMG South Africa looks to rebuild trust with clients

    November 02, 2018

    KPMG South Africa plans to restore its reputation with a new leader following the scandal over its role in auditing the Gupta-owned businesses, but rival firms are already poaching their clients who no longer trust the firm.

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International Correspondents