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  • Congress blows whistle on economic substance

    When the US Congress codified the long-standing common law doctrine known as economic substance, many tax practitioners were not shy about criticising the move, expressing concern about the effects of this new law on corporate tax planning. Erin Kelechava spoke to tax lawyers, professors, and policy experts and found out that a statute that was meant to clarify what an abusive transaction is may end up achieving the opposite result.


Features

  • European heavyweights see common tax base as key to single market

    The report by Mario Monti into how to complete the EU single market lends some support to the plans of Algirdas Semeta, European commissioner for tax, for a common corporate tax base. Salman Shaheen spoke to both men and other observers about the likelihood of the concept becoming reality

  • Beware Circular 698 on indirect transfers

    Released only eight months ago, China's circular 698 caused much controversy as it gave the tax authorities the power to investigate transactions dating back to 2008 while requiring taxpayers to report any indirect transfers within 30 days of completion. But with many not paying attention to the circular, Jack Grocott investigates how an influential court settlement is likely to make taxpayers think twice about ignoring the circular.

  • Tribunal causes surprise with transparency decision in Swift

    The UK's First Tier Tribunal decision in Swift determined, contrary to the accepted position, that a Delaware LLC is transparent for UK income tax purposes. Though the decision does not set any binding precedent, William Arrenberg of Herbert Smith believes it has wider implications than many appreciate

  • European awards winners take their prizes

    The Alliance of Gleiss Lutz, Herbert Smith and Stibbe won the European Tax Firm of the Year for the first time at International Tax Review's European Tax Awards in London.

  • Italy steps up evasion campaign

    Maricla Pennesi of DLA Piper analyses why the Italian tax authorities have become more aggressive recently in the fight against international tax evasion

  • New exemption brings cheer for overseas employees

    A 60-day wage tax exemption for foreign employees working in the Netherlands is welcome news for multinationals, say Dorine Fraai and Roxanna Windzak of Horlings, a member firm of Nexia International

  • UK considers ADR to resolve tax disputes

    The tax authorities in the UK are looking at the effectiveness of ADR to resolve tax disputes. Lessons can be learnt from other jurisdictions who have previously implemented schemes, says Richard Doran of Dorsey & Whitney

  • What effective tax rate lacks as a performance indicator

    The effective tax rate is flawed as a measure of the value created by a company's tax department, believes Rutger Hafkenscheid of VMW Taxand. He highlights a different way.

  • South Africa joins competition for holding companies

    Its position as Africa's leading economy will make South Africa's proposed headquarter company regime appealing to foreign investors, believes Peter Dachs of Edward Nathan Sonnenbergs

  • Indirect taxes are on the up and up

    Increased emphasis on indirect tax is forcing taxpayers to start placing extra focus on effective strategies to generate more cash from this area of their business. At June's Indirect Tax Forum speakers outlined how indirect tax should become the top priority for businesses across the world.


News Analysis


  • People

  • Take off for tax

    A monthly commentary on the notable facts, figures and goings-on in the tax world. Suitable items should be sent to taxrelief@euromoneyplc.com


Comment


Tax Relief

  • Take off for tax

    A monthly commentary on the notable facts, figures and goings-on in the tax world. Suitable items should be sent to taxrelief@euromoneyplc.com


International Correspondents


International Tax Review Profile

RT @BrigitteAlepin: So proud of the new book WINNING THE TAX WARS. Bringing together well-known tax experts, this book presents outstanding…

Dec 7 2017 04:08 ·  reply ·  retweet ·  favourite
International Tax Review Profile

REVEALED: The top 10 of ITR's #GlobalTax50 2017 is out now. Find it here: https://t.co/IXiaRrE3vH (subscription or free trial required)

Dec 7 2017 01:42 ·  reply ·  retweet ·  favourite
International Tax Review Profile

ITR has opened the submissions period for the European Tax Awards 2018. Full details here: https://t.co/WKBWijhBgt

Dec 6 2017 01:40 ·  reply ·  retweet ·  favourite
International Tax Review Profile

@aloysrigaut @AuroChardon @ElodieLamer @JeanComte @diego_bxl @bsmithmey @afpfr @pierremoscovici @EU_Taxud @EU2017EE… https://t.co/oS4sDvQtdL

Dec 5 2017 04:55 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @AuroChardon: Is this it? https://t.co/O1XhoWQw2F 17 #taxhavens, mostly tiny countries or emerging economies on the #EUblacklist? ❌Swit…

Dec 5 2017 02:25 ·  reply ·  retweet ·  favourite
International Correspondents