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  • December 2011

    Pressure mounts to cut VAT on e-books

    December 22, 2011

    Luxembourg’s decision to slash VAT on electronic books from 15% to 3% could pressure other European jurisdictions to follow suit.

  • Why Australia’s carbon tax will prove ineffective

    December 22, 2011

    Exemptions, grants and free permits will negate the green impact of Australia’s carbon tax to ensure big business does not suffer, environmentalists and tax experts warn.

  • European Court confirms aviation can come under ETS

    December 21, 2011

    Despite mounting international pressure, the Court of Justice of the European Union (CJEU) has today confirmed that aviation can be brought under the emissions trading scheme (ETS) without breaking international law.

  • Mexico: Proposed new rules to satisfy tax requirements for invoices

    December 21, 2011

    On September 8 2011, the Mexican government released a proposed tax bill that contains, among other things, certain modifications to the Mexican Federal Tax Code (FTC).

  • UK Finance Bill to keep pace with accounting changes

    December 21, 2011

    The government has unveiled changes to UK Generally Accepted Accounting Practice in the draft Finance Bill 2012, the legislation that will put into effect measures to be announced in the budget on March 21.

  • Expect more cuts in Brazil following IOF reduction

    December 20, 2011

    This month’s decision by the Brazilian government to reduce the financial transactions (IOF) tax rates on the exchange of currency into Brazilian reals for investments in the Brazilian financial and capital markets heralds the beginning of further tax cuts to boost growth.

  • US clarifies branch rules for CFCs

    December 20, 2011

    The US IRS and Treasury last week finalised regulations dealing with the branch rules of the Internal Revenue Code, with implications for controlled foreign corporations (CFCs) and their US shareholders.

  • Why the Netherlands is following the UK with a bank tax

    December 20, 2011

    The Dutch government has followed steps taken by the UK and unveiled plans to tax banks and other financial institutions. The new levy is expected to generate €300 million ($391 million) a year.

  • Australia finalises investment manager regime

    December 19, 2011

    The Australian government’s plan to build the country’s reputation as a global financial services centre took a step forward last week when it finalised the country’s investment manager regime (IMR).

  • Allegheny chooses director with tax experience

    December 16, 2011

    John Pipski, who has just been elected to the board of Allegheny Technologies, is a financial and tax accountant with more than 40 years experience of advising companies in the manufacturing and mining industries.

  • Australian steel company wants government handout over carbon tax

    December 16, 2011

    The largest steel producer in Australia has applied to the government for A$100million to help it cope with the introduction of a carbon tax.

  • EXCLUSIVE: Chris Needham assesses the Commission’s VAT proposals

    December 16, 2011

    Chris Needham, VAT director of General Electric, is one of the most vocal tax executives calling for European VAT reform. In an exclusive interview, he discusses the pros and cons of the European Commission’s white paper, released last week, and whether its proposals meet his hopes.

  • Tax information exchange on the way in Africa

    December 16, 2011

    African tax administrations will find it easier to share information with each other if a plan to establish a treaty for the exchange of tax information on the continent is successful.

  • UPDATED with CRA comments: How Canada wants to move forward on tax governance

    December 16, 2011

    The Canadian tax authorities are ready to step up their scrutiny of taxpayers’ risk management.

  • What the UK’s EU veto means for the future of an FTT

    December 14, 2011

    As the sole EU member state to veto the Euro-plus pact last week, the UK signalled its refusal to accept the economic harmonisation desired by other states and is now likely to face increased pressure to implement a financial transactions tax (FTT), warn advisers.

  • Why UK financial organisations need to get to grips with FATCA now

    December 14, 2011

    The Foreign Account Tax Compliance Act (FATCA) is a complex piece of new legislation that is set to have a far reaching impact on US companies as well as foreign companies with US assets or clients.

  • Why the Euro-plus pact will pave the way for the CCCTB

    December 13, 2011

    The signing of the Euro-plus pact on Friday outlined the EU’s commitment to stronger coordination of economic policies and is likely to set the ball rolling for the introduction of a common consolidated corporate tax base (CCCTB) and a financial transactions tax (FTT).

  • ANALYSIS: Why taxpayers must do more indirect tax work

    December 12, 2011

    With governments continuing to target indirect tax as a reliable and consistent revenue stream to help balance budgets, advisers are warning that taxpayers need to do more if they are to avoid becoming the victim of aggressive tax authorities.

  • Deals of the week - December 12 2011

    December 12, 2011

  • Treaties of the week - December 12 2011

    December 12, 2011

  • UK Budget 2012 date announced

    December 12, 2011

    George Osborne, the chancellor of the exchequer, has announced that next year's budget will take place on March 21.

  • Dave Hartnett's retirement from HMRC announced

    December 09, 2011

    The UK government’s senior tax professional will step down next summer.

  • Japanese carbon tax faces industry opposition

    December 09, 2011

    A carbon tax on coal, crude oil and petroleum products could be introduced by the Japanese government as early as April 2012, according to environment minister Goshi Hosono.

  • UPDATE: Australia’s mining tax continues to come under fire

    December 09, 2011

    Julia Gillard’s Australian government continues to face strong criticism from business with regards to the controversial minerals resource rent tax (MRRT).

  • Indonesia strives to improve official compliance

    December 07, 2011

    Compliance is not only a requirement of taxpayers. For a tax system to work, officials have to abide by the rules too, as the Indonesian finance minister has been pointing out.

  • Lack of convergence delays SEC’s IFRS decision

    December 07, 2011

    The SEC’s chief accountant explained on Monday why the organisation has had to put back its decision on whether or not International Financial Reporting Standards should be adopted in the US.

  • Patent box may not attract investment to UK

    December 07, 2011

    Legislation Day delivered the long-awaited proposals for a patent box, but despite optimism from some companies, fears remain that it is too narrow and too complex to achieve its intended objectives.

  • US examines future tax treatment of financial products

    December 07, 2011

    The Senate Finance Committee and the House Ways and Means Committee met yesterday for a joint hearing to assess what the future holds for the tax treatment of financial products in the US.

  • What India must overcome before IFRS can be implemented

    December 07, 2011

    India has too many obstacles to overcome before it can apply IFRS, warn advisers who predict its implementation is still 18 months away.

  • Why the Irish budget is good news for multinationals

    December 07, 2011

    The president of the Irish Tax Institute (ITI) described the tax measures in yesterday’s budget as innovative, as the country continues to support multinational investment and growth.

  • Australia seeks to clarify taxation of trusts

    December 06, 2011

    Assistant Treasurer Bill Shorten has released a discussion paper that deals with possible reform of the taxation of trusts, which he says will give more than 660,000 trusts the opportunity to have a say in their own financial future.

  • European Commission outlines plans for future of EU VAT

    December 06, 2011

    The European Commission today released a white paper on the future of the EU’s VAT system, with many praising it for going further than was expected.

  • Irish budget raises VAT and carbon tax

    December 06, 2011

    Ireland’s finance minister Michael Noonan today finally confirmed a two percentage point hike in the VAT rate and increased the country’s carbon tax.

  • LEGISLATION DAY: UK reveals CFC and patent box reforms

    December 06, 2011

    The UK Treasury has today released details on its plans to reform its controlled foreign companies (CFC) rules as well as issuing details on the country’s new patent box.

  • South Korea to give mid-sized companies lower tax rate

    December 06, 2011

    The South Korean government intends to reduce the top marginal corporate tax rate from 22% to 20% in 2012 for businesses with a taxable income of between W200 million ($178,000) and W50 billion ($45 million), in a welcome move for SMEs.

  • Switzerland will stay tax-friendly despite EU pressure

    December 06, 2011

    Switzerland is determined to remain a highly desirable place for multinationals to do business, regardless of EU pressure on its system of cantonal corporate taxation.

  • Critics slam Irish carbon tax hike

    December 02, 2011

    Carbon tax in Ireland will rise by €5-€10 ($7-$13) per tonne in next week’s budget but the hike has been criticised for being too low.

  • EXCLUSIVE: OECD and BIAC talk VAT guidelines and global forum

    December 02, 2011

    Piet Battiau, head of consumption taxes at the OECD, and Karl-Heinz Haydl, chairman of the BIAC VAT Committee, discuss their hopes for a new set of VAT guidelines and a Global Forum on VAT.

  • Why India should be sure about dual GST

    December 02, 2011

    Indirect tax specialists from India and around the world have urged the government in Delhi to get the design of its dual GST system correct before thinking about introducing it.

  • Chile: New regulation for derivative instruments

    December 01, 2011

    Foreign investors will be pleased to know that, as a consequence of recently published Law No. 20,544, the Chilean capital market has, for the first time, a formally regulated regime for derivative instruments, enforceable for instruments traded from January 1 2012.

  • EXCLUSIVE: Commissioner Semeta reveals his plans for the year ahead

    December 01, 2011

    Next year will be challenging for the European Commission as it presses ahead with its plans to reform the EU’s VAT system, revise the Energy Tax Directive and implement a financial transactions tax. In an exclusive interview, Algirdas Šemeta, European Commissioner for Taxation and Customs Union, Audit and Anti-Fraud explains how he will be keeping taxpayers busy in 2012.

  • Mexico: Proposed rules to simplify tax requirements for invoices

    December 01, 2011

    On September 8 2011, the Mexican government released a proposed tax bill that contains, among other things, certain modifications to the Mexican Federal Tax Code (FTC).

  • Thailand: AEC and Thai tax competition

    December 01, 2011

    To encourage inbound investment and to support the full entry into the Association of Southeast Asian nations Economic Community (AEC) in 2015, the Thai Cabinet, in its meeting of October 2011, resolved to revise the a number of corporate tax rates.

International Tax Review Profile

RT @CBItweets: UK needs a Budget that enables the country to grow its way out of austerity. Here are 5 business priorities https://t.co/CAw

Oct 19 2017 09:19 ·  reply ·  retweet ·  favourite
International Tax Review Profile

This year's World Tax directory is now online. How does your firm stack up? https://t.co/CtRbW1Ub5j

Oct 19 2017 09:13 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @AuroChardon: Let's honour the #memory of a brave #journalist and woman ➡️ vigil tomorrow, 18 Oct, 6pm, in front of Residence Palace #Da…

Oct 18 2017 04:42 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Big Soda scores victory as Chicago-area tax repealed - could this be the beginning of the end of the sugar tax trend?https://t.co/PNuafWHy9K

Oct 12 2017 04:03 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Ebay and Netflix pay total UK tax of less than £1.9m - How long until HMRC investigate their TP practices? https://t.co/VPPsT3aGMZ via @FT

Oct 12 2017 03:59 ·  reply ·  retweet ·  favourite
International Correspondents