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Archive

  • October 2016

    Canadian government appoints judge to tax court

    October 28, 2016

    Bruce Russell QC was appointed as a judge of the Tax Court of Canada on October 20.

  • Jurisdictions join global fight against tax evasion and avoidance

    October 28, 2016

    Panama has finally united with other countries to combat cross-border tax evasion and boost transparency through its latest commitment.

  • VAT omitted from Finland’s banking services to corporates

    October 28, 2016

    Businesses receiving investment banking services in Finland for the sale or purchase of shares should not pay VAT on such services, according to a recent court ruling that also allows companies to reclaim several years of paid indirect taxes.

  • South Africa to hike taxes over next two years

    October 27, 2016

    South African Finance Minister Pravin Gordhan said the government will raise $3.1 billion in revenues through tax measures between now and the next two financial years, with several changes that will have a significant impact on domestic and foreign businesses operating in the country.

  • IKEA Handel og Eiendom loses Supreme Court of Norway tax case

    October 26, 2016

    IKEA has lost an important tax battle that could have implications for other multinationals deducting interest on inter-company debt.

  • Investors and BEPS: A precarious balance

    October 26, 2016

    The OECD BEPS Actions will result in a higher effective tax rate (ETR) and cash tax liability for most multinationals, whereas investors will continue to strive for lower ETRs and cash tax liabilities in the companies they consider for investment. Keith Brockman looks at where the balance should be in this equation, and who should be the master negotiator.

  • E-commerce: The global shift in taxation

    October 26, 2016

    Distance-selling regimes that impose a sales tax on digital goods and services are spreading across the globe. Joe Stanley-Smith looks at how these changes are being shepherded by the OECD.

  • Q&A: Brazil’s troubled retail sector

    October 26, 2016

    Brazil’s retail sector is shrinking, but governments want more revenue, so where does that leave businesses? The tax chief at international fashion retail company C&A talks to Amelia Schwanke about the changes taking place in the notoriously complicated tax jurisdiction.

  • Build, buy or outsource: Withholding tax reclamation

    October 26, 2016

    Some investors and advisers still believe that the global withholding tax reclamation process is so complex and labour-intensive that it outweighs the advantages, but this is simply not true. Bill Salva, global business development manager at Goal Group looks at the options for reclaiming withholding tax.

  • Nigeria’s insurance industry: An unfair tax burden

    October 26, 2016

    The insurance industry in Nigeria is fighting to reduce an unfair and overburdening tax liability. Adebayo-Begun Oluwatomisin, senior adviser at KPMG Nigeria highlights the big issues affecting the sector, from what is being done to address these challenges, to which other countries provide good structures that support their businesses.

  • Video: The tax function of tomorrow

    October 25, 2016

    Utilising technology has become a vital aspect of any businesses tax function, but without international standardised regulations corporations face uncertainty.

  • Ireland’s 2016 Finance Bill: Impact on real estate transactions

    October 24, 2016

    Ireland’s ongoing process of budget reform has ensured the timely publishing of the Finance Bill 2016 (the bill), which includes noteworthy tax developments for international investors in real estate transactions.

  • Build, buy or outsource: Managing withholding tax reclamation

    October 19, 2016

    Some investors and advisers still believe that the global withholding tax reclamation process is so complex and labour-intensive that it outweighs the advantages, but this is simply not true. Bill Salva, global business development manager at Goal Group looks at the options for reclaiming withholding tax.

  • European Commission state aid investigations: A timeline of events

    October 17, 2016

    International Tax Review looks at the European Commission's latest developments and where it all started for some of the biggest investigations on tax rulings between EU member states and MNES.

  • Nigeria’s insurance industry shoulders unfair tax burden, say advisers

    October 17, 2016

    The insurance industry in Nigeria is fighting to reduce an unfair and overburdening tax liability. Adebayo-Begun Oluwatomisin, senior adviser at KPMG Nigeria highlights the big issues affecting the sector, from what is being done to address these challenges to which countries provide a tax structure that supports it.

  • Ireland’s corporate tax code can only get better, says finance minister

    October 14, 2016

    Irish Finance Minister Michael Noonan has promised that the country’s corporate tax system will remain reliable over the coming year, attracting more foreign investment, but some changes will be made.

  • Businesses rush to prepare for UAE VAT

    October 13, 2016

    The United Arab Emirates is on target to implement its VAT regime on January 1 2018, but with the final VAT Law yet to be published businesses face a tight deadline to make sure they have the tools to comply with the new system.

  • Alvarez & Marsal Taxand take on new managing director

    October 12, 2016

    Mairéad Warren de Búrca has been appointed to managing director in Alvarez & Marsal Taxand's indirect tax practice in the UK.

  • Video: Tax reform and the US election

    October 11, 2016

    The US’s 2016 election has dredged up underlying issues in international taxation for US companies, but what areas of the nation's tax system will the new President focus on, and what should businesses expect to change?

  • Taxpayers offered opportunity to correct South Africa tax affairs

    October 10, 2016

    South Africa has opened its special voluntary disclosure programme (SVDP), but the details of the scheme have changed since the draft legislation was first published.

  • The top US tax controversies in 2016

    October 07, 2016

    There have been a number of significant developments in the area of US tax controversies during 2016. Fenwick & West highlight some of the top US tax cases from this year, including several large § 482 transfer pricing cases that could provide helpful insight for taxpayers who may be facing similar significant transfer pricing adjustments.

  • Businesses to be penalised for unknown involvement in VAT fraud

    October 05, 2016

    Companies will have to take extra care to ensure their transactions have no connection with VAT fraud to avoid new sanctions proposed by the UK government.

  • UK finance chief hints at long-term plan on economy

    October 03, 2016

    The way tax policy is made in the UK needs to be reformed, say business organisations, but the UK’s Chancellor of the Exchequer Philip Hammond will not unveil his plans until the Autumn Statement next month.

  • Public audit scorecards: Why not?

    October 03, 2016

    With tax authorities being granted more and more company data as transparency measures start to hit, Keith Brockman looks at how companies could scrutinise them.

  • Americas Tax and Transfer Pricing Awards 2016

    October 03, 2016

    McDermott Will & Emery, the winner of the Americas Tax Firm of the Year, has shown the greatest strength in depth on both continents. The firm was honoured at the Americas Tax Awards in New York on September 15 2016. Deloitte were honoured as Transfer Pricing Firm of the Year.

  • Multinationals and the EC engulfed in state aid disputes

    October 03, 2016

    The European Commission’s long-awaited state aid decision on tax rulings issued by Ireland to US-multinational Apple has created a political typhoon. It has invited an unprecedented response from all involved parties, with some hailing the decision as a victory and others criticising the tax charge as excessive or even unwarranted. Anjana Haines and Amelia Schwanke report on the recent developments.

  • Apple Q&A: Kennedy condemns Commmision’s decision

    October 03, 2016

    The result of the European Commission’s investigation into Apple’s tax affairs has ruffled feathers on both sides of the Atlantic. Caroline Byrne sits down with Joe Kennedy to get a US perspective.

  • The driving force of Margrethe Vestager

    October 03, 2016

    Margrethe Vestager is known for taking items out of her friends’ shopping baskets if she feels they are making the wrong decision. The EU Competition Commissioner is not short of opinions when it comes to the world’s most powerful companies either – routinely provoking disagreements with major corporations since becoming commissioner in 2014. Lena Angvik takes a look at the lady behind the state aid investigations.

  • The great US tax debate: Will the next president embrace reform?

    October 03, 2016

    In a few weeks, the US will have a new president who may lead the way in passing tax reform proposals into law. But will change come quickly enough, and what should corporations expect? Amelia Schwanke provides an overview of the state of play and what is yet to come.

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