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  • August 2016

    Apple, Ireland to appeal EC ruling involving billions in ‘illegal’ tax benefits

    August 30, 2016

    Apple paid 1% or less in corporate tax dating back to 2003 in an Irish deal ruled illegal by the European Commission (EC). Rather than collect back taxes however, Ireland plans to appeal as a growing number of countries battle what they view as an overly-aggressive Commission.

  • PE risks of cross-border services to China

    August 26, 2016

    Foreign businesses offering cross-border service provisions to Chinese entities must take caution as the tax authorities are becoming more confident than ever in looking into cross-border transactions involving Chinese companies.

  • MNEs sign Australian transparency code to ward off accusations

    August 25, 2016

    BHP Billiton, Rio Tinto, BP and Cochlear are among the big businesses that have signed up to Australia’s Voluntary Tax Transparency Code (the Code) to disclose more tax information in an effort to fend off accusations of tax avoidance.

  • New Zealand charges GST on e-commerce

    August 25, 2016

    Foreign businesses offering digital services should prepare themselves for more e-commerce taxes and more rules from New Zealand.

  • UK gets tough on offshore tax evaders

    August 24, 2016

    Tax evaders using offshore accounts face tougher sanctions, and potentially no immunity for coming clean, under an HM Revenue and Customs proposal released today.

  • Uber tax: US, Australia, and Taiwan chase new app taxes

    August 24, 2016

    Tax authorities from the US to Australia and Taiwan are circling digital service providers Uber, Airbnb and other cash-rich app disrupters in a crusade to impose higher taxes and find cutting-edge ways to subsidise the old economy.

  • Asia Pacific nations slashing corporate taxes in competitive war

    August 24, 2016

    Indonesia may have started Asia’s ‘race to the bottom’ on corporate tax as it looks to match Singapore and stop companies from keeping assets offshore. Others are announcing cuts to stay in the race.

  • BEPS and tax illiteracy: did it just happen?

    August 23, 2016

    Efforts to tackle base erosion and profit shifting has led to wider interpretations of tax terminology. Keith Brockman considers the loss of tax literacy in the post-BEPS era.

  • MNEs and Belgium attack EU Commission’s decision on excess profits tax rulings

    August 23, 2016

    BASF and at least four other multinationals are headed to the European Court of Justice arguing that competition commissioners acted beyond their powers in deciding that Belgium’s excess profits tax rulings constituted illegal state aid. The companies face billions of dollars in back taxes if they lose.

  • Apple CEO: 'We’re not a tax dodger'

    August 23, 2016

    Apple CEO Tim Cook sat down with the Washington Post to mark his five years as CEO and discuss the multinational’s tax strategy.

  • Google’s tax woes across the EU

    August 23, 2016

    Google is becoming the showcase firm for European countries trying to convince the public that it is taking action against multinational tax avoidance, but is it all for nothing?

  • Luxembourg appeals whistleblower ruling in LuxLeaks trial

    August 23, 2016

    The judgment in the LuxLeaks case, which has become central to the debate around transparency and whistleblowing, could be overturned as both parties appeal the verdict.

  • UK expedites EU corporate tax race to the bottom

    August 23, 2016

    Businesses must assess their next moves after the UK’s Brexit vote triggered plans in the UK to cut the corporation tax rate, which may have started a race to the bottom on rates among European countries.

  • Blockchain and tax: What businesses need to know

    August 23, 2016

    Tax authorities could use blockchain, the technology most well-known for its use in bitcoin, to clamp down on tax evasion – particularly in the area of VAT.

  • Tax obligations for China’s oil and gas upstream sector

    August 23, 2016

    China’s oil and gas upstream sector is a growing industry that allows international oil companies to work with the Chinese government or its designated Chinese national oil companies. Maggie Zhuang, tax manager at Chevron China Energy Company, looks at the tax obligations for businesses operating in the sector.

  • Pokémon GO could get caught in a tax bubble

    August 23, 2016

    Mobile app sensation Pokémon GO has once again raised the debate on taxing digital services and in-app purchases. Joe Stanley-Smith and Amelia Schwanke compile a veritable Poké-montage of the best tax insights into the wildly popular app and the tax rules surrounding the growing market.

  • Tax technology: A brave new world

    August 23, 2016

    Tax authorities worldwide are increasingly relying on digital technologies to gather and analyse tax data, and implement intelligent systems that provide real-time tax collections and assessments. Moreover, tax data sharing among tax authorities, which will become an automated process from 2017, will help tax authorities complete more audits and investigations, creating a world where there will be nowhere to hide from the tax man. Amelia Schwanke investigates how authorities and taxpayers are adjusting to digital tools and systems and what the future holds.

  • US elections: Presidential plans to halt corporate inversions

    August 23, 2016

    Donald Trump has said he will curb “job-killing corporate inversions” by reducing the US business tax rate from 35% to 15% if he becomes the next US President. Meanwhile, his rival Hillary Clinton plans to deter companies by levying an ‘exit tax’ on businesses moving overseas. Will either plan work? Caroline Byrne reports.

  • OECD’s BEPS project failing to combat tax dodging

    August 23, 2016

    Criticism against the OECD’s BEPS Action Plan to fight tax avoidance and evasion has widened the battle for tax transparency.

  • Barbados budget penalises banks, but encourages compliance

    August 23, 2016

    The Barbados government has been criticised for proposing a heavier tax burden on banks in the 2017 budget while maintaining a steady stance on economic policies.

  • Finland’s 2017 draft Budget: Increased deductibility of losses

    August 22, 2016

    Corporations have received a tax boost in Finland’s draft Budget for 2017, with proposals to increase the amount of losses that can be deducted against income and a number of other pro-growth measures.

  • Unprecedented ruling in Brazil boosts PIS and Cofins credits for businesses

    August 19, 2016

    The Federal Administrative Court of Appeals (CARF) has issued an unprecedented ruling, by majority vote, on PIS and Cofins credits related to the acquisition of inputs for commercial companies.

  • Tax professionals to face 100% penalties for enabling tax avoidance

    August 17, 2016

    The UK tax authority has announced plans today to impose fine tax advisers, planners and accountants who help their clients avoid tax. Penalties could be up to 100% of the tax avoided.

  • Russia's VAT on digital services creates short timeframe for compliance

    August 16, 2016

    Businesses have just five months to prepare for Russia's new VAT rules that impose a tax on e-services from 2017.

  • Will EU SAF-T reporting be the death of VAT returns?

    August 11, 2016

    Richard Asquith, vice president of global indirect tax at Avalara, provides an analysis of the revolutionary standard audit files for tax (SAF-T) filing requirements that are sweeping across Europe.

  • Brexit survey: Are multinationals ready?

    August 10, 2016

    Brexit could cost the UK as much as £70 billion ($91 billion) a year if Britain walks away from membership in the EU single market, according to the latest estimates. So how are companies preparing? Take the ITR and KPMG survey and we'll provide a summary of respondents' answers.

  • Reputational backlash from tax authority’s inaccuracies

    August 10, 2016

    Many companies fear that a tax authority will publicly claim that the business is involved in a tax avoidance scheme. But what should companies do if the authorities get it wrong?

  • Tougher compliance rules proposed for New Zealand foreign trusts

    August 10, 2016

    New Zealand’s government has confirmed that foreign trusts will have to disclose more information to the tax authorities as it gets tough on tax in the wake of the Panama Papers.

  • India overcomes big hurdle on GST, so what’s next?

    August 04, 2016

    The introduction of a goods and services tax (GST) in India is a giant leap forward, but the battle to implement the country’s biggest tax reform still faces challenges.

  • Ireland clarifies VAT exemption for fund management

    August 02, 2016

    Companies receive clarity on the Irish VAT treatment for the management of special investment funds following the ECJ judgment in GfBk.

  • Tax obligations for China’s oil and gas upstream sector

    August 01, 2016

    It is absolutely necessary to plan ahead when operating in China’s oil and gas upstream sector, which allows international oil companies (IOCs) to participate in and operate the exploration development and production of petroleum resources in China.

International Correspondents