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  • Shifting the balance: Asia’s move to indirect tax

    With China poised to complete its VAT roll-out in the second half of this year and India hoping to introduce GST in 2016, the next few years will see 2.5 billion people paying consumption tax more efficiently than ever before on the goods and services they are buying at an ever increasing rate. Meredith McBride tracks the shift from direct to indirect taxation in Asia.


Features

  • BEPS implementation in the US - Now comes the hard part

    While the OECD has political backing and momentum behind it, the organisation has no binding authority to implement legislation, so the engagement of key jurisdictions including the US will be central to the project's ultimate success. Ryan Dudley, partner at Friedman, explains why the hard yards still lie ahead.

  • Foreign pension funds with US investments: Tax classification

    The tax classification of a foreign pension fund investing in the United States has major implications in terms of who is subject to tax, the applicable tax rate and the associated reporting obligations. Francis Helverson of WTS explains why pension funds with certain characteristics may have significant advantages over other pension funds as well as over other types of foreign investors.

  • The Brockman brief: UK diverted profits tax: The extrapolation effect

    The UK's diverted profits tax (DPT) was developed, and enacted, quickly in the weeks leading to the general election. The legislation was a two-pronged attack: on transactions having insufficient economic substance and the avoidance of permanent establishment (PE). The legislation went into effect April 1 2015 and there have been hints that other countries are looking at similar moves; but exactly what tax doctrines will other countries adopt to achieve similar objectives?

  • BEPS: Improving data, economic analysis and measurement

    It is stating the obvious to say that current international efforts to tackle base erosion and profit shifting (BEPS) have attracted a great deal of global attention. Since the OECD and G20 countries, working together on an equal footing, adopted a 15-point action plan to address BEPS in September 2013, the focus on this issue has steadily grown. David Bradbury, head of the tax policy and statistics division at the OECD Centre for Tax Policy and Administration, and the man overseeing this aspect of the project, provides exclusive insight into an action point that has not always received as much attention as other items in the Action Plan.

  • India: Changing perceptions through administrative evolution

    Ashwani Mehta, former Chief Commissioner of Income Tax at the Indian Revenue Service, who retired in February after more than 35 years at the IRS department, assesses recent developments in Indian income taxation.

  • ETFs - preparing for future tax challenges

    Exchange traded funds (ETFs) have been a huge success growing far beyond their initial function of tracking large liquid indices in developed markets. Global ETFs now hold more than $2.9 trillion of assets in upwards of 5,400 products listed on 60 exchanges. Marie Coady, financial services tax partner at PwC in Ireland, tackles the associated tax and regulatory challenges.

  • Substance-over-form in China's GAAR

    Scott Heidecke and Flora Luo of Nexia International member firm Nexia TS (Shanghai) discuss China's latest attempts to implement countrywide standard practices for application of the general anti-avoidance rules, while bringing clarity to foreign entities which are affected.

  • Special features - June 2015

    Read this month's special feature on Mexico

  • Swiss court challenges fundamental OECD tax principle

    The OECD has updated the commentaries on the Model Tax Convention (Commentaries) seeking to clarify the concept of beneficial ownership in tax treaties. Charles Hermann, a financial services tax partner at KPMG, explores beneficial ownership issues arising from the ‘Swiss Swap’ case.

  • India's MAT: The government is listening

    Poonam Khaira Sidhu, commissioner and departmental representative at the Income Tax Appellate Tribunal (ITAT), New Delhi, talks about open dialogue between authorities and taxpayers, and the evidence that the Indian government is listening to investor concerns.

  • Russia: Revised CFC rules for trusts and foundations

    Half a year after the initial version of the ‘deoffshorisation’ law came into effect, and the Russian Finance Ministry is making progress with vital amendments to make the rules more balanced and clear, including the much-awaited rules on ‘good’ and ‘bad’ trusts. Artem Toropov of Goltsblat BLP explains how private clients are expected to benefit from this.

  • Why tax treaties matter in Iraq’s evolving taxation landscape

    Imtiaz Ahmad of PetroChina argues the development of a tax treaty network would help the Iraqi government convince investors to support the revival of the economy.


News Analysis


Editorial


Tax Relief


International Correspondents


International Tax Review Profile

RT @OECDtax: Dušan Mramor:Measures in the field of tax policy should support:environmental goals+economics goals+social aspect #ITDconf #ta…

Jul 3 2015 04:25 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Road to #americastaxawards2015 on 17 Sept starts here as judging get under way #NewYork http://t.co/YZpXqqtaRg http://t.co/fN1HPcO20w

Jul 3 2015 02:37 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Taxes can help reduce pollution and greenhouse gas emissions - 6th Global International Tax Dialogue conference - OECD...

Jul 3 2015 11:33 ·  reply ·  retweet ·  favourite
International Tax Review Profile

#ff @friedmanllp @AislingTax @jeremydcape @maxschofield @PwC_IN

Jul 3 2015 11:16 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @mhsargeant: Don’t Let Your Business Systems Prevent You from Excise and VAT Compliance. Learn how in @IntlTaxReview webinar...

Jul 3 2015 11:13 ·  reply ·  retweet ·  favourite
International Correspondents

After the Irish budget, what would make you more likely to put more substance into Ireland?