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  • September 2016

    Taiwan to introduce VAT for online retailers

    September 29, 2016

    Taiwan is to become the latest country to levy VAT on online foreign retailers, following similar OECD-inspired laws introduced by the EU and countries including Japan, Russia, South Korea, Australia and New Zealand.

  • Brazilian taxpayers challenge the PIS and Cofins levy on financial revenues

    September 28, 2016

    Brazilian taxpayers go to court to challenge the increase of the PIS and Cofins after nearly 10 years of a zero rate being applied on financial revenues.

  • US Presidential debate: More questions than answers

    September 27, 2016

    As businesses look to the presidential candidates for an indication of how tax policy may evolve under their leadership, many companies were left disappointed after the first Presidential debate provided limited detailed discussions.

  • Troubled waters – global transparency and controversy in uncertain times

    September 27, 2016

    David Swenson, global leader of PwC's tax controversy and dispute resolution network, looks at how the OECD's BEPS project is changing the tax controversy and disputes landscape and the potential pitfalls that may emerge as certain jurisdictions do not commit to the multilateral initiatives.

  • Draft guidance on Northern Ireland’s corporate tax regime published

    September 26, 2016

    The UK’s tax authority has published draft guidance on Northern Ireland’s corporate tax regime, outlining how Northern Irish corporate tax legislation will affect businesses when the jurisdiction gains powers to set its own low corporate tax rate and compete with the Republic of Ireland.

  • South Africa publishes revised tax Bill for comments

    September 26, 2016

    South Africa’s National Treasury has revised its earlier proposals concerning interest-free loans to trusts and restricted equity shares (for employee share schemes), and amended provisions for several tax incentives.

  • Tax havens: The Brazilian listing procedure and the recent list adjustment

    September 26, 2016

    Jurisdictions with nil, low, favourable and benefitted tax rules have played an important role in shaping today’s globalised environment, providing efficient structures and even permitting abusive and shamed transactions. To face this scenario, countries have imposed burdensome taxation for transactions involving tax havens, among other initiatives.

  • Politicians and EU officials named in Bahamas leak of offshore assets

    September 22, 2016

    Officials, politicians, lawyers and a number of big players in countries worldwide have been named in a collection of 1.3 million files leaked from the Bahamas’ corporate registry.

  • Egypt introduces VAT regime

    September 22, 2016

    Egypt has published the VAT Act, replacing the general sales tax (GST) with a VAT regime. Among a host of new rules, the law introduces new compliance provisions for non-residents that provide goods and services to Egyptian businesses or individuals.

  • Luxembourg remains in the spotlight for EC state aid investigations

    September 21, 2016

    Luxembourg’s tax treatment of another large multinational has been called into question by the European Commission as it looks at the tax rulings between the EU nation and a French company.

  • Philippines planning a tax amnesty scheme

    September 21, 2016

    The Philippines is planning to offer a general tax amnesty that will be open to corporations and individuals resident in the country and abroad to boost revenues and expand the tax base.

  • M&A transactions – The impact of Brexit

    September 19, 2016

    David Smith and Ben Jones, of Eversheds’ tax team in London, look at the key tax areas where Brexit could have an impact on typical M&A transactions and discuss how parties to such transactions might seek to address the issues.

  • VIDEO: Americas Tax Awards 2016

    September 16, 2016

    The top tax and transfer pricing experts from across the Americas gathered at a glittering awards ceremony in New York at the Pierre Hotel on September 15 to honour the top professionals. A full list of the winners and the video can be found here.

  • EU Parliament backs Commission’s state aid verdict against Apple

    September 16, 2016

    The battle lines have been drawn between the EU authorities and Ireland and Apple after members of the European Parliament criticised the US multinational for paying very little tax in Ireland for its European operations.

  • IKEA could be Vestager’s next tax target

    September 15, 2016

    Swedish multinational IKEA is on EU Competition Commissioner Margrethe Vestager’s radar as she looks for her next target following the state aid decision against Apple and Ireland.

  • Barbados opens ‘last’ tax amnesty window

    September 14, 2016

    Taxpayers can take advantage of a final opportunity to correct their tax affairs before the Barbados Revenue Authority begins its “very vigorous approach” in collecting taxes.

  • Panama Papers to claim more victims as Denmark buys data

    September 14, 2016

    Hundreds of Danish taxpayers, both companies and individuals – and banks in particular – face tax investigations for offshore hidden assets after Denmark announced that it will pay for the information leaked in the Panama Papers scandal.

  • VAT grouping conference opens in Dublin

    September 13, 2016

    In-house tax advisers and EU policymakers are in Dublin this week to discuss the future of VAT grouping.

  • India’s tax plans steaming ahead as GST Council gets approval

    September 12, 2016

    India’s goods and services tax (GST) reform is taking shape as plans to establish a GST Council and secretariat were approved by the Cabinet of Ministers on September 12, the same day that the 122nd Constitutional Bill for GST implementation entered into force.

  • US presidential advisers to address Global Transfer Pricing Forum

    September 12, 2016

    Weeks before the US election, the Global Transfer Pricing Forum in New York will hear from economic advisers to the Republican and Democratic candidates on September 22 & 23.

  • Proposed changes to Ireland's Section 110 regime

    September 08, 2016

    Obtaining a tax deduction on profits arising from Irish loan portfolios will get much harder for foreign investors under proposals unveiled by the government. A potential 25% tax could be charged on future profits related to financial assets.

  • VIDEO: Ireland votes on Apple tax appeal

    September 07, 2016

    While Apple was unveiling the iPhone 7 in California, thousands of miles away Ireland’s parliament was locked in a bitter debate over a European Commission order to collect $14.5 billion in back taxes from the tech giant. The debate was fiery but the vote results were decisive.

  • EU nations losing billions in uncollected VAT

    September 06, 2016

    The European Commission has released figures on the ‘VAT Gap’ that support its plan to overhaul the EU's VAT system and introduce a definitive regime for cross-border trade in the EU.

  • UK stuns with support for Bill requiring public country-by-country reporting

    September 06, 2016

    In a surprising volte face, Britain is considering becoming the first country in the world to force companies to publicly reveal how much tax they pay and where they earn the money. The about-face comes after the UK defeated a similar amendment amidst Brexit fears.

  • UK parliament debates public country-by-country reporting

    September 05, 2016

    The UK is debating whether Britain should become one of the first countries in the world to introduce public country-by-country reporting (CbCR). The measure is one of many tax proposals on the parliamentary agenda, including lowering the corporate tax rate.

  • Apple state aid decision: What is the precedent, if any?

    September 05, 2016

    The head of tax at Mason Hayes Curran, John Gulliver, considers the key factors tax directors need to consider following the European Commission’s state aid decision against Apple and Ireland.

  • Ireland has a €13 billion headache, plus interest

    September 05, 2016

    Irish politicians have a €13 billion ($14.5 billion) decision to make on Wednesday. Should they appeal the EC's order to collect Apple’s back taxes or take the money and run? The windfall is enough to cover Ireland’s entire health care budget, or pay for more than 30,000 new homes, or buy 2.6 billion pints of Guinness.

  • Multinationals under fire: Who will be the European Commission's next target?

    September 02, 2016

    Company tax directors are questioning whether the European Commission acted beyond its powers in fining Apple €13 billion ($14.5 billion) for accepting “illegal” state aid - and they are wondering whether they may be next in line.

  • US pushes for Apple tax ruling to be on G20 agenda in China

    September 02, 2016

    The US wants corporate tax avoidance on the agenda at the G20 summit in China following a European Commission ruling that orders Ireland to collect $14.5 billion in back taxes from Apple.

  • New York TP Forum tackles key transfer pricing issues

    September 01, 2016

    Multinationals are struggling to comply with BEPS, country-by-country reporting, and issues surrounding their reputations in light of the European Commission’s $14.5 billion ruling against Apple.

International Correspondents