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Archive

  • September 2014

    Latin America Focus 2014 now available

    September 30, 2014

    With reforms underway in a number of countries in the region, and international initiatives to keep track of, leading advisers update you on the latest developments from across Latin America.

  • OECD BEPS reports – An Indian perspective

    September 30, 2014

    After the release of the OECD’s first set of reports and recommendations related to its base erosion and profit shifting (BEPS) project, Rajendra Nayak and Shweta Pai of EY provide an update on the implications of the reports from an Indian perspective.

  • Philippines signs multilateral convention on tax cooperation

    September 29, 2014

    On Friday the Philippines became the 68th signatory of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, an international instrument developed jointly by the OECD and the Council of Europe to fight international tax avoidance and evasion. The Philippines has to ratify the Convention before it can come into force.

  • Taxpayers feel loss of key IRS figures

    September 29, 2014

    The impact on companies of a string of senior-level departures from the Internal Revenue Service in the US earlier this year got another airing during the dispute resolution and controversy management panel of International Tax Review and TPWeek's 14th annual Global Transfer Pricing Forum in Washington, DC last week.

  • G20 tax agenda is not all about BEPS

    September 26, 2014

    The G20’s finance ministers have outlined their plans to minimise global tax avoidance and evasion, which are not only about completing the work of the BEPS Action Plan on time by the end of next year.

  • Germany referred to ECJ over discriminatory VAT rules

    September 26, 2014

    The European Commission has decided to refer Germany to the European Court of Justice regarding its rules on VAT refund applications which discriminate against non-EU operators.

  • US Treasury acts to halt inversions

    September 25, 2014

    ANALYSIS: The US has moved to try and curb the practice of inversion transactions which has seen a handful of companies relocate overseas, with many more considering the option. The rule tightening attempts to reduce the benefits of an inversion.

  • EU digital service suppliers get ready to register for VAT MOSS

    September 24, 2014

    Businesses supplying digital services across the European Union will be able to register for the new mini one-stop shop (MOSS) online VAT service from October 20 2014.

  • Transfer Pricing Industry Guide 2014 now available

    September 24, 2014

    Deloitte's industry experts examine the factors driving the pricing of intercompany transactions in the technology, oil and gas, life sciences, media and entertainment, consumer products, manufacturing and financial services sectors.

  • VAT fraud: German fiscal authorities distribute VAT fraud leaflet

    September 24, 2014

    Daniel Kaiser of Kuffner, Maunz, Langer, Zugmaier explores the German fiscal authorities’ latest attempts to clamp down on instances of VAT fraud.

  • Big 4 and law firms share the spotlight at Americas Tax Awards 2014

    September 19, 2014

    The big winners at this year's Americas Tax Awards were EY, which won the Latin America Tax Firm of the Year and Shearman & Sterling, the winner of the equivalent award for North America.

  • ECJ gives verdict on VAT treatment for the delivery of e-books

    September 19, 2014

    In the Finnish K Oy case on the VAT treatment of digitally published books, the ECJ ruled that if a typical consumer in the EU treats the product the same as it would a physical book then the same rate of VAT should be applied.

  • OECD addresses aggressive international tax strategies: What do the measures mean for your business?

    September 19, 2014

    This week, the Organisation for Economic Co-operation and Development (OECD) released its first recommendations for combating international tax avoidance. The announcements, which form part of the multilateral organisation’s Base Erosion and Profit Shifting (BEPS) initiative, mark a major change to the global tax and transfer pricing landscape and will have an impact on multinational enterprises worldwide.

  • Scottish independence: UK tax professionals breathe sigh of relief at “No” vote

    September 19, 2014

    Scotland yesterday voted to remain part of the UK, with 2,001,926 “No” votes versus 1,617,989 “Yes” votes in response to the question “Should Scotland be an independent country?” The rejection of independence is being celebrated by the UK tax community, as a “Yes” vote would have caused considerable turmoil for taxpayers, advisers and authorities on both sides of the border.

  • GE’s Will Morris on BEPS release: Business still concerned about burdensome reporting requirements

    September 18, 2014

    Will Morris, chairman of the BIAC Tax and Fiscal Affairs Committee and global tax policy adviser for GE, weighs up the strengths and weaknesses of the OECD’s BEPS disclosure documents.

  • FTT proposal to be finalised by the end of the year

    September 17, 2014

    At last week’s informal ECOFIN meeting in Milan, European finance ministers discussed the future of the EU financial transaction tax (FTT), but are still reluctant to divulge any substantial information about the controversial proposal.

  • The BEPS project at halfway

    September 16, 2014

    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.

  • Court of Appeal rejects UK attempt to re-open FII litigation arguments

    September 16, 2014

    The Court of Appeal in London has decided the UK tax authorities should not be allowed change their defence in the Franked Investment Income Group Litigation on the issue of liability as that aspect of the case has already been finalised.

  • Holding Companies Focus 2014 now available

    September 16, 2014

    Leading advisers from Eurofast in Cyprus, Grant Thornton in Ireland, KPMG in Malta and KPMG in Switzerland explain what each of their jurisdictions is doing to strengthen their appeal as holding company locations.

  • The tax market reacts to the BEPS 2014 deliverables: Do you agree?

    September 16, 2014

    The OECD today unveiled its 2014 deliverables at the halfway stage of the multilateral organisation’s ambitious base erosion and profit shifting project, commissioned by the G20, which represents the biggest ever review of international tax rules.

  • Alma hires HMRC R&D software specialist

    September 15, 2014

  • Graham Iversen leaves Slaughter and May for Greenberg Traurig in London

    September 15, 2014

  • GMAC’s strategy for limiting VAT payments proved lawful in ECJ

    September 12, 2014

    Robert Waterson and Nigel Brook of RPC explain why the decision of the European Court of Justice (ECJ) in the GMAC case (HMRC v GMAC UK plc C-589/12) represents a comprehensive win for the taxpayer.

  • New Zealand: Tax reform hinges on election outcome

    September 12, 2014

    If the existing government retains leadership after the general election, no material changes are expected from a tax perspective. But if a Labour-led government wins power, advisers warn of significant tax reforms with major implications for taxpayers.

  • Spanish tax reforms working, but further action needed, says OECD

    September 12, 2014

    An OECD economic report on Spain has highlighted the need for the country to continue with reforms to its fiscal framework and tax system.

  • ECJ rules in favour of GMAC in VAT bad debt relief claim

    September 11, 2014

    The GMAC decision in the European Court of Justice (CJEU) should give taxpayers the courage to look for benefits from inconsistencies in member states’ VAT legislation, advisers believe.

  • Jason Lester is EY's new UK and Ireland head of tax

    September 11, 2014

  • Phil Morrison joins McDermott Will & Emery

    September 11, 2014

  • Swedish corporate tax cut and bankers’ tax hang in the balance of Sunday’s general election

    September 11, 2014

    With the main political parties holding largely different views on the future direction of Swedish corporate tax policy, Sunday’s general election could leave taxpayers with a host of tax reforms to contend with.

  • Luxembourg looks to expand VAT free zone regime

    September 10, 2014

    A Bill was submitted to the Luxembourg Parliament this month that will extend the VAT free zone regime in a bid to increase the country’s competitiveness in the logistics sector, enhance its profile as a storage site for high value goods, and to help align its national VAT system with that of other EU member states.

  • UK tax transparent funds and their role in the market

    September 10, 2014

    Following the introduction of the UK tax transparent fund (UK TTF) by the UK government in July 2013, we are now seeing real interest in the product and how it compares with vehicles already available in the European market. The first UK TTF was introduced by BlackRock Investment Management in June 2014, triggering debate about how these vehicles can be used to satisfy investor and business requirements.

  • Australia back on tax transparency drive before G20 meetings

    September 05, 2014

    COMMENT: Ahead of this month's G20 meetings in Cairns, Joe Hockey, Australian Treasurer, has reiterated the Abbott government's plans to clamp down on aggressive tax planning. But, like other jurisdictions including the UK, Hockey's rhetoric on attracting investment risks opening him up to accusations of trying to reconcile two opposing policies.

  • Chile pursues biggest tax code overhaul in 30 years

    September 05, 2014

    Chile is undertaking the most thorough review and reform of its tax system in three decades, but is not conforming to the most common reform trends being seen elsewhere around the world. Worryingly for taxpayers, the proposals would raise the effective tax rate for some foreign investors to more than 44%, and introduce general anti-avoidance rules and a carbon tax.

  • Taxpayer concessions included in latest draft of Russian CFC regime

    September 05, 2014

    A new draft of the Russian CFC law expected to be implemented in January 2015 is less severe than previous versions, but still presents a number of challenges to taxpayers.

  • World's leading tax controversy advisers unveiled

    September 05, 2014

    The fourth edition of International Tax Review's Tax Controversy Leaders guide is out now. Find out who the top-rated disputes specialists are in your jurisdiction.

  • Argentine Supreme Court: Must grossing-up be considered for VAT purposes?

    September 04, 2014

    In re Puentes del Litoral the Argentine Supreme Court analysed whether, in a cross-border transaction agreed with grossing-up, the amount of the income tax assumed by the local party has to be considered for value added tax (VAT).

  • Brazil: ICMS tax reform gets closer but war is still not settled

    September 04, 2014

    The row over the ICMS tax between taxpayers and the Brazilian states and legislature is still not resolved. Renata Correia Cubas, of Mattos Filho Veiga Filho Marrey jr e Quiroga explains the issues behind the conflict.

  • HMRC granted leave to appeal in Rangers FC EBT case

    September 03, 2014

    HM Revenue & Customs has been allowed to challenge the ruling over Glasgow Rangers Football Club’s use of employee benefit trusts (EBTs), which it used to pay players and staff.

  • India: Central and state governments struggle to reach consensus over GST

    September 03, 2014

    Arun Jaitley, Indian Finance Minister, has stressed that too many products cannot be excluded from the goods and services tax, as state governments push to keep products such as petrol, tobacco and alcohol outside the scope of the tax.

  • ONE adds to pressure on G20 to act against tax evasion and other illegal financial flows

    September 03, 2014

    The ONE campaign describes corruption involving developing countries as the $1 trillion scandal and says the G20 must implement measures such as automatic information exchange (AIE) and the transparent publication of the revenues governments receive if the organisation wants to end it.

  • Germany: Local tax authorities note access to electronic publications is separate, not ancillary, to print

    September 02, 2014

    Eveline Beer, of Küffner, Maunz, Langer, Zugmaier, explains the reasoning behind the notification of the Bavarian tax authorities that the provision of access to e-papers or e-books and the subscription to a printed version of the same product should be treated as separate services.

  • Werner Schuster of Philip Morris: Why in-house is better than private practice

    September 02, 2014

    In an exclusive interview with International Tax Review, Werner Schuster, vice-president – head of tax at Philip Morris International (PMI), outlines the benefits of working in an in-house tax team, points out how technology is only as good as the data you input and explains why PMI does not outsource its tax functions.

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 Tax Review Profile

Panama Papers: German authorities carry out first raids in connection with tax leaks https://t.co/LgalVGGw0x via @dwnews

Oct 12 2017 03:49 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @ScoopOnTaxes: @Skynet This will not end well for humanity. https://t.co/jsxVwDoDc5

Oct 11 2017 12:02 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Goverments will one day soon look at how to tax robots https://t.co/3ghYzRmw8x

Oct 11 2017 09:34 ·  reply ·  retweet ·  favourite
International Correspondents