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  • World Tax Authority: Taking harmonisation to the next level

    Recent attempts at tax harmonisation have struggled to take off. In Europe enhanced cooperation measures are being invoked because of the inability to find consensus. But what fate awaits the notion of a World Tax Authority (WTA)? Would it take tax harmonisation to the next level or, like the Europe-wide language of Esperanto, is this attempt at harmonisation doomed to fail? Matthew Gilleard analyses what has motivated discussion of such a concept and looks at the barriers to implementation.


Features

  • The BEPS project at halfway

    In this exclusive article for International Tax Review, Pascal Saint-Amans and Raffaele Russo of the OECD explain how the first half of the BEPS Project's work starts the task of bringing coherence, substance and transparency to international tax rules around the world.

  • Convergence or divergence: New reporting standards in India

    India has announced the adoption of IFRS converged standards for financial reporting and tax accounting standards for the computation of taxable income. Sai Venkateshwaran, partner and head of the accounting advisory services group at KPMG in India analyses the impact and challenges of these announcements.

  • OECD reveals all about new global standard

    On July 21 the OECD released the full version of the Standard for Automatic Exchange of Financial Account Information in Tax Matters, which requires financial institutions to report detailed financial account information to their governments, which then exchange such information automatically with other jurisdictions on an annual basis. The Standard developed by the OECD in response to a mandate by the G20 was first presented to and endorsed by the G20 Finance Ministers in February 2014.

  • Going the extra mile - when finance and IT suddenly awoke

    In the July/August issue, Frank Schoeneborn, head of group operational transfer pricing in the finance and accounting division at Merck Group, took a retrapolative look at the country-by-country reporting standard five years into its implementation. In part two, he looks at how different functions within a multinational company are interacting with the tax team to manage reporting obligations.

  • Special features - September 2014

    Read this month's special features on Brazil and Tax technology

  • Alternative dispute resolution: Alleviating burdens all round

    The number of tax disputes is increasing rapidly around the world. The trend is encouraging governments to turn to alternative dispute resolution (ADR) in a bid to reduce backlogs in the courts. While ADR is well established in some jurisdictions, in others it is just getting going. Aaran Fronda looks at how ADR has become an increasingly viable solution for resolving tax disputes.

  • NZ Inland Revenue releases draft GAAR guidance

    New Zealand has had a general anti-avoidance rule (GAAR) since income tax was first introduced in 1891. But in the past decade, changes in Inland Revenue practice and judicial attitudes have seen the GAAR, which was previously considered applicable only to highly artificial tax avoidance schemes, become probably the most broadly applied GAAR of any country in the world. Russell McVeagh’s Tim Stewart tracks this trend.

  • Environmental fiscal reform: Windows of opportunity

    Constanze Adolf, of Green Budget Europe, looks at environmental fiscal reform (EFR) in a post-crisis context, assessing the prospects for EFR to raise government revenue and promote the polluter-pays principle.

  • The IMF and international tax

    David Spencer, of the Law Offices of David Spencer in New York, analyses the recent work of the International Monetary Fund (IMF) and assesses its growing influence in the area of international taxation.


News Analysis


People


Editorial


Tax Relief


International Correspondents


International Tax Review Profile

"If you're talking about a sandwich, the taste will not be as good as it was before," @OECDtax #BEPS #taxavoidance

Sep 16 2014 02:59 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @OECDlive: Taxation is powerful tool for reducing inequality and creating sustainable growth #BEPS

Sep 16 2014 12:42 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @JesseDrucker: OECD to tax avoiding companies: "You multinationals stand ready, it’s over.” http://t.co/clIhcdpceB

Sep 16 2014 12:42 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @sbowers00: OECD/G20 publish #BEPS rules they claim wil halt most tax avoidance by likes of #Amazon #Apple #Vodafone #GSK #Google...

Sep 16 2014 12:31 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @OECDlive: Publication of these 7 reports will have a dramatic impact in the struggle against #BEPS

Sep 16 2014 12:30 ·  reply ·  retweet ·  favourite
International Correspondents

Which possible outcome of the G20 / OECD BEPS project would carry the biggest fear for your company?