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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

  • 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

  • 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

UN sub-committee meet in Italy to discuss contentious issues, update TP Manual | http://t.co/IQVHRiekNO http://t.co/Jpcg6A5432

Sep 1 2014 10:56 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @TPWeek: Inversion whopper anyone? #funfridays #transferpricing #taxinversions #BurgerKing #TimHortons http://t.co/GsG4lzlc2E

Sep 1 2014 08:32 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Happy Monday to our new followers @aeha1, @SubennyMarcella and @Timothy_Hughes - hope you all had a great weekend!

Sep 1 2014 08:29 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @PearseTrust: "Is it time to scrap the #FTT?" http://t.co/1EeSaUuCHI by @IntlTaxReview #Tax

Aug 29 2014 01:39 ·  reply ·  retweet ·  favourite
International Tax Review Profile

GMAC judgement due on Wednesday @EUCourtPress Here's #UK Tribunal's request for prelim ruling http://t.co/6khzFBoVkL #VATrepayment

Aug 29 2014 10:01 ·  reply ·  retweet ·  favourite

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