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Indirect Tax

Indirect Tax archive
  • Arthur Laffer guides governments on optimising tobacco taxes

    July 22, 2014

    As excise taxes become increasingly important sources of revenue for national governments around the world, Arthur Laffer explains why countries must retain fiscal sovereignty when setting rates on products such as tobacco.

  • 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.

  • Australia repeals carbon tax

    July 17, 2014

    Tony Abbott’s government has today won its battle to scrap the controversial carbon pricing mechanism, which sought to place a levy on the country’s biggest polluters.

  • EU VAT Forum paves the way to greater harmonisation

    July 16, 2014

    The European Commission’s pilot scheme looks to improve the framework for resolving cross-border VAT disputes, and while the project is making some positive strides in harmonising EU VAT, it requires better communication if it is to succeed.

  • Travel services: Federal Fiscal Court confirms non-conformity of German VAT law with EC law

    July 15, 2014

    Once again, the German Federal Fiscal Court has confirmed that the German provision regarding the tour operator margin scheme contradicts the provisions of the EU VAT Directive.

  • India Budget: FM Jaitley wants GST by end of year

    July 10, 2014

    Arun Jaitley, Indian finance minister, wants to end continuing uncertainty surrounding the implementation of the goods and services tax (GST) by introducing the regime by the end of this year.

  • Australian carbon tax costing Qantas $100 million a year set for repeal

    July 09, 2014

    This week, Tony Abbott’s government will lead the charge in the Australian Senate to repeal the controversial carbon pricing mechanism, which imposed an annual A$100 million ($94 million) cost on Qantas alone. Big business welcomes the move, but environmental groups fear it will leave Australia without an effective policy to deal with climate change.

  • India: Odisha’s state government demands green tax on mining to compensate for GST

    July 09, 2014

    State finance minister requests a green tax to be imposed on mining because he fears the destination principle, which forms part of the goods and services tax (GST) regime, will negatively impact revenue streams of mineral rich states.

  • Germany: Federal Fiscal Court upholds time limits for input VAT deduction

    July 08, 2014

    German court rejects taxpayer’s claim for input VAT deduction and sticks to previous decision on time limits.

  • Australian carbon tax continues to escape repeal, but not for long

    July 03, 2014

    Repealing the carbon pricing mechanism was the first item on the Tony Abbott-led government’s agenda. Indeed, he may never have become prime minister if he had not promised to do so. Up to now he has failed in his attempts to repeal the tax, but that could all change next week.

  • UK tourism industry campaign to cut VAT gains momentum

    July 03, 2014

    The UK tourism industry received a boost this week as politicians came out in support of the Cut Tourism VAT campaign to reduce VAT on the sector. It has emerged that EU approval is not needed to go ahead with a cut, which could raise £4 billion and which would bring the UK’s rate on tourism more into line with the rest of Europe.

  • European Tax Awards 2014

    July 01, 2014

    The winners of the European Tax Awards 2014 were announced at a dinner in London on May 21.

  • CIDE contribution in Brazil: Controversial aspects of remittances abroad

    June 26, 2014

    Controversy and legal uncertainty have arisen from how the Federal Revenue Service and the Federal Administrative Council of Tax Appeals understand Brazilian law on CIDE´s taxable basis.

  • New Baker & McKenzie partners announced

    June 26, 2014

  • Budget preview: Indian taxpayers expecting indirect tax clarity and GST rollout

    June 25, 2014

    Arun Jaitley, India’s new finance minister, delivers his first Budget speech at the beginning of next month and taxpayers in India, as well as potential foreign investors, are hopeful of a general simplification of the country’s indirect tax system and specific detail on the implementation of the goods and services tax (GST) regime.

  • Indirect Tax Leaders 2014 now available

    June 23, 2014

    The third edition of International Tax Review's Indirect Tax Leaders' Guide, is all about identifying the leading professionals in this field, which is only increasing in importance. Between its covers, you will find the names, and biographies in many cases, of the world's leading indirect tax practitioners, which were collected after an independent research process. It should give taxpayers confidence that if they decide to hire any of these individuals, they will be getting the best in the field.

  • Americas Tax Awards 2014 - Make sure your company or firm is in the running

    June 20, 2014

    The research process for International Tax Review’s Americas Tax Awards 2014 has begun. This is your chance to participate.

  • Canada unlikely to listen to OECD advice on carbon tax

    June 19, 2014

    In its 2014 economic survey of Canada, the OECD stated that, to meet international emissions targets and tackle the effects of climate change, Canada should consider implementing a carbon tax, or cap-and-trade system, but the economic impact may be too great for the government to act.

  • Spain to announce corporate tax cut tomorrow

    June 19, 2014

    Spain will announce a number of tax reform measures tomorrow, including a corporate tax rate reduction which could see five percentage points shaved off the existing rate.

  • ACCA accuses government of adding to complexity of UK tax system

    June 18, 2014

    The Association of Chartered Certified Accountants (ACCA) believes that the coalition government has failed to support the Office of Tax Simplification (OTS) and has instead made the UK tax system more complex and confusing for both individuals and businesses.

  • Financial Services Focus 2014 now available

    June 17, 2014

    Ahead of the launch of International Tax Review's Financial Services Tax website, the annual publication on Capital Markets tax developments has been repositioned to offer a greater breadth of topical coverage for financial services taxpayers and their advisers.

  • Germany: Ausgangsvermerk does not always suffice as proper proof of export supplies

    June 16, 2014

    Exporters from Germany should be aware that Customs requirements for proper proof of export changed in May.

  • German VAT treatment of chain supplies: Status quo and outlook

    June 15, 2014

    The view held by the German Federal Finance Court, is that the German VAT Administrative Guidelines contradict the European Court of Justice’s jurisdiction and, thus, the EU VAT Guideline with respect to chain supplies, reports Johan De Spiegeleer of Deloitte.

  • Digital businesses get one-stop shop for EU VAT

    June 12, 2014

    From January 2015, place of supply rules will change and a one-stop service for VAT registration will be introduced for suppliers of digital services in the EU. Companies do not have long to ensure that critical functions, such as their ERP systems, can cope.

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