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  • March 2017

    Joint international investigation targets tax evasion enablers and Credit Suisse

    March 31, 2017

    A joint international investigation, involving Australia, Germany, the UK and the Netherlands, has led to several arrests and an increase in inquiries against individuals involved in tax evasion that are linked to Swiss bank accounts at Credit Suisse.

  • Businesses prepare for GST after parliament passes laws

    March 31, 2017

    India’s goods and services tax (GST) regime is set to begin on July 1 after the lower house of parliament passed four GST-related laws and the upper house prepares to do the same.

  • Uber faces big VAT bill if tax campaign wins in UK court

    March 30, 2017

    Uber could be forced to pay millions of pounds in indirect tax if the UK High Court decides that the company should be charging VAT on its services. HMRC could also face questions as to why it did not take action at the first opportunity.

  • The aftermath of Brazil's Supreme Court ruling on excluding ICMS when calculating COFINS and PIS

    March 30, 2017

    Brazilian tax authorities and taxpayers have long contested the inclusion of ICMS (a tax on the circulation of goods, interstate and intercity transportation and communication services) when calculating COFINS and PIS contributions, two complex social taxes.

  • EU Parliament backs ATAD II to push ahead with hybrid mismatch rules

    March 29, 2017

    The EU Parliament’s Economic and Monetary Affairs Committee (ECON) has accepted proposals to end the use of hybrid mismatch arrangements by multinationals, but has made several amendments to expand the rules.

  • World Tax and World Transfer Pricing submissions open

    March 29, 2017

    The research period for World Tax and World Transfer Pricing 2018 has now begun. Firms interested in making submissions can download the relevant forms from this page.

  • European Tax Awards 2017 - the shortlists are out

    March 28, 2017

    The nominees have been revealed for International Tax Review's European Tax Awards 2017.

  • Women in Tax leaders guide – nominate now

    March 27, 2017

    This is your chance to nominate the leading women in the tax advisory world. The submission period is now open.

  • Amazon defeats IRS in $1.5 billion tax case

    March 24, 2017

    Amazon has triumphed over the US tax authority after the US Tax Court ruled in favour of the online retailer in a tax dispute involving Amazon’s use of a Luxembourg subsidiary for its European operations and transfer pricing arrangements.

  • The Brockman brief: EU CbCR: What is the vision?

    March 23, 2017

    As the EU takes the first major step towards introducing public country-by-country reporting (CbCR), many are asking what the EU’s plan really means. Keith Brockman considers the vision of the latest proposal.

  • Sugar tax: The winners and losers

    March 23, 2017

    Countries worldwide have followed Mexico’s lead to tax sugar-sweetened drinks in an effort to curb obesity and unhealthy habits, but these measures are coming at a cost to manufacturers and may not be as profitable for governments as they suggest.

  • Brexit: Knowing the unknowns for taxation

    March 23, 2017

    Dealing with the known unknowns is all any business can seek to do in the uncertain environment, whether it stems from the US or the UK. Cormac Kelleher, international tax partner at Mazars in Dublin discusses the plethora of unknowns and how companies can navigate through it all.

  • Bridging the digital gap: How tax fits into cryptocurrencies and blockchain development

    March 23, 2017

    The world is on the cusp of a major tax revolution as cryptocurrencies and online distributed ledger technologies, such as blockchain, push financial systems from the physical world to online. Amelia Schwanke speaks to the experts in a roundtable discussion about the tax implications and usage of digital currencies and blockchain.

  • Technology solutions in a post-BEPS world

    March 23, 2017

    There has been a complete paradigm shift in global taxation with the rise in audit risks caused by new global initiatives like the OECD’s BEPS Project. JD Choi, CEO at Tax Technologies, explores the technology solutions that should be administered to mitigate these audit risks in a post-BEPS world.

  • Inter-group financing by MNEs faces imminent change in the US

    March 23, 2017

    The US tax system is on the brink of change as upcoming discussions centre on tax policy (including regulations related to inversion transactions) that will ultimately reshape the US tax treatment of inter-company financing within MNEs. In the second half of 2016, a stream of new regulations and law changes, both actual and proposed, in and outside of the US, created new issues for inter-group financing by multinationals. Stuart Chessman, director at Vivendi, discusses the salient points.

  • Russia: First court case on new transfer pricing rules ends

    March 23, 2017

    Russia's first court decision on a transfer pricing (TP) audit conducted by tax authorities has been published, highlighting the steps taxpayers must take to avoid similar disputes

  • Canadian budget targets Uber drivers with sales tax

    March 23, 2017

    Canada’s Finance Minister William Morneau plans to make drivers using ride-sharing apps, such as Uber, register and charge sales taxes on their taxi services as part of his fairer tax measures announced in the federal budget that target commercial activities.

  • Canadian federal budget could hike CGT rates, but offer R&D reliefs

    March 17, 2017

    Canada’s 2017 federal budget will be unveiled on March 22 and it is very likely to contain tax changes affecting businesses as the government looks to address economic challenges and maintain the country’s competitive edge.

  • China plans VAT changes to rates and real estate sector

    March 17, 2017

    China is planning to shrink its VAT rates and revise the regime governing the VAT treatment of real estate to make the tax system more business friendly.

  • India’s GST almost set for July 1 implementation

    March 17, 2017

    Businesses have less than two months to complete their preparation for India’s GST regime after the GST Council passed a major landmark in its latest meeting.

  • UK’s embarrassing U-turn on budget’s central tax proposal

    March 16, 2017

    In a humiliating change of events, UK Chancellor of the Exchequer Philip Hammond ditched his proposals – announced only a week ago – to increase Class 4 national insurance contributions (NICs) for the self-employed and target gig economy workers, relieving many taxpayers of a higher tax burden.

  • Antoine Deltour: LuxLeaks whistleblower speaks out

    March 15, 2017

    Antoine Deltour, one of the two whistleblowers at the centre of the LuxLeaks scandal, said that he had “mixed feelings” after his conviction for leaking confidential information was upheld, but his sentence was reduced.

  • LuxLeaks whistleblowers' appeal crushed

    March 15, 2017

    In a massive blow to tax transparency and whistleblower campaigners, Antoine Deltour and Raphaël Halet have failed in their quest to be acquitted for the LuxLeaks scandal in an appeal against an earlier verdict.

  • Webinar: Transfer pricing issues for MNEs investing in Africa

    March 13, 2017

    Recent studies show that the African continent is attracting a growing amount of investments from foreign multinational enterprises. BonelliErede and International Tax Review will provide an overview of the main transfer pricing issues to consider for structuring investments into selected countries.

  • ECJ stands firm on e-books standard VAT rate

    March 10, 2017

    The European Court of Justice (ECJ) has reiterated its stance on the controversial issue of taxing e-books in a decision against Poland.

  • UK Finance Chief says Britain is listening to businesses, but many don’t think so

    March 08, 2017

    Chancellor of the Exchequer Phillip Hammond unveiled a steady budget with no big surprises for businesses as the UK prepares for Brexit negotiations, but that didn’t mean it was all good news.

  • New Zealand goes soft on DPT plans in favour of BEPS measures

    March 08, 2017

    Multinationals will not face a UK-style diverted profits tax (DPT) in New Zealand, but three consultation papers released by Inland Revenue propose tough measures against profit shifting, aggressive transfer pricing (TP) arrangements and permanent establishment (PE) avoidance.

  • Asia Tax Awards 2017 nominees announced

    March 08, 2017

    Fierce competition is guaranteed for all the prizes after the announcement of the shortlists for the Asia Tax Awards 2017.

  • Potential structuring risks in Russia after court upholds Mondelez-Cadbury decision

    March 06, 2017

    Companies operating in Russia should urgently re-assess their tax structures after one of the country’s courts delivered a landmark decision concerning substance in a cross-border M&A deal, creating serious risks for corporate restructuring.

  • UK Spring Budget preview: A low-key affair

    March 06, 2017

    UK Chancellor of the Exchequer Phillip Hammond will deliver the last Spring Budget speech on Wednesday, March 8 ahead of the switch to Autumn Budgets and Spring Statements.

  • Caterpillar raided over offshore tax practices in Switzerland

    March 03, 2017

    US officials raided three sites belonging to multinational manufacturer Caterpillar as part of an investigation into its offshore tax practices that were allegedly used to shift billions of dollars of profit abroad to avoid US taxes.

  • EU undresses MNEs' beneficial owners in transparency push

    March 02, 2017

    Tax transparency activists are rejoicing after MEPs in the European Parliament passed amendments to the EU Anti-Money Laundering Directive that allow public access to registers containing the details of the beneficial owners of companies and trusts.

  • New legislation on taxation of services in Brazil

    March 01, 2017

    On December 30 2016, Supplementary Law 157/2016 was enacted to establish noteworthy changes in regards to the tax levied on the rendering of services in Brazil.

  • EU takes the global lead with rules on hybrid mismatches

    March 01, 2017

    The EU will lead the way in defining how countries worldwide will implement rules to stop the use of hybrid mismatch arrangements in line with BEPS Action 2 after the Economic and Financial Affairs Council (ECOFIN) agreed its position on the rules to prevent the practice with the tax systems of non-EU countries.

International Correspondents