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A company’s obligation to its shareholders is to minimise tax and a government’s, to its people, is to close the tax gap. Where does that leave tax planning? Sophie Ashley talks to government officials, taxpayers and advisers to uncover where the confusion lies in a changing environment.
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Andrew Cullen, president of the Irish Taxation Institute, outlines the plans for the future of Ireland’s tax regime and explains how the next 12 months will be crucial for the sustainability of the country’s economy.
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Philippe Freund analyses some of the key dividend tax issues that have been raised in European cases recently, such as exemption versus imputation and the use of exchange of information provisions
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Richard Zarin and William Zimmerman of Morgan Lewis & Bockius investigate why the US Congress is having such difficulty passing carried interest legislation.
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Executives responsible for the Latin America region often claim they have the most difficult job in the tax department. As Elizabeth Bearese discovers the results of International Tax Review’s Latin America Client Services Poll seem to justify the claim.
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The Internal Revenue Service (IRS) has uncovered thousands of suspected tax cheats through their long investigation into UBS. Between similar probes into other international banks, a new disclosure programme, and increased international cooperation, the agency is continuing its aggressive pursuit of those that hide assets offshore. Erin Kelechava investigates.
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Development agencies have been lobbying governments and international bodies for years on the harmful effects of tax avoidance in the developing world. Now, as they turn their attention to the companies themselves, Salman Shaheen looks at their chances of convincing corporations that reputation is more important than a lower tax bill.
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Bob Norton, chief income tax officer at Vertex, argues that taxpayers have to realise that enterprise technology will be a necessity if they want to cut the risk of tax exposure.
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In early 2010 the OECD released a discussion draft implementation package that provides for a streamlined withholding tax relief process. Paul Radcliffe of Citi looks at the industry responses to the proposals and explains why a consistent international approach to modernising rules in this area is vital.
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Jason Collins of McGrigors and Don Korb of Sullivan & Cromwell explain why tax authorities need to respect client privilege and show how the US and UK handle confidential tax matters.
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The competition to provide advice of the highest quality to taxpayers in Asia was evident at the Asia Tax Awards, which were presented in Singapore on November 23 and which were attended by leading tax directors, officials and practitioners from throughout the region.
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With the release of Circular 42/E, the Italian tax administration provided clarification regarding the methods of application of article 113 of the Italian Tax Code. Fulvia Astolfi and Antonella Prencipe of Hogan Lovells explain.
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France’s thin capitalisation rules are being drastically amended at the end of year in the 2011 Finance Act. Laurent Borey and Antoine Belgrand, of Mayer Brown argue that taxpayers need to pay close attention to these changes or face problems down the line.
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Tax authorities around the world are stepping up their enforcement of transfer pricing rules. It means taxpayers must prepare adequately to address any of their concerns, say Todd Wolosoff and Larry Powell of Deloitte
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A monthly commentary on the notable facts, figures and goings-on in the tax world. Suitable items should be sent to taxrelief@euromoneyplc.com