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  • April 2017

    Chevron’s landmark loss against ATO sets a precedent

    April 28, 2017

    The Australian Tax Office (ATO) will go after other multinationals that it believes to be guilty of tax avoidance after winning a landmark transfer pricing case against global oil and energy company Chevron over shifting profits to the US.

  • UK losing billions from leaky online VAT laws

    April 27, 2017

    The UK is losing between £1 billion and £1.5 billion ($1.3-1.9 billion) to online VAT fraud and errors per year, a new report has said. The report comes just days after the EU said it could fine the UK €2 billion for failing to charge customs duties on the import of Chinese goods.

  • Trump’s tax plan leaves many questions unanswered

    April 27, 2017

    Secretary of the Treasury Steven Mnuchin and other members of his team unveiled a broad set of goals and “core principles” for US tax reform, but skirted around several questions that would have provided more detail and clarity.

  • Corporates seek stability as uncertainty grows in Asia-Pacific’s tax landscape

    April 26, 2017

    Companies want tax regimes across the Asia-Pacific region to be more consistent and predictable, but believe they are becoming increasingly complicated in countries such as India and China, according to a recent survey.

  • CbCR nears: Reputational risk perceptions

    April 26, 2017

    Country-by-country reporting (CbCR) deadlines are approaching and MNEs are carefully preparing the information and diligence behind the numbers. CbCR brings us to the next phase and Keith Brockman asks how reputational risk will be questioned by the public (if disclosed) and defended or ignored by MNEs and tax administrations.

  • Indirect Tax Forum: Highlights

    April 26, 2017

    On March 30, International Tax Review hosted its Indirect Tax Forum at the Hyatt Regency Hotel in Düsseldorf, Germany, in association with WTS. The day was a great success, with open dialogue from in-house tax professionals, tax advisers and campaigners. Here, conference host Joe Stanley-Smith presents some of the highlights from the day.

  • Planning it safe: Less risk and more substance

    April 26, 2017

    Tax planning is adapting to reflect a more transparent and technological world, bringing with it a change in attitudes and new challenges for taxpayers. The decisions made now should not be underestimated as they could have unexpected consequences later.

  • Amazon and its lessons for transfer pricing professionals

    April 26, 2017

    In light of the US Tax Court’s decision in Amazon v. Commissioner of Internal Revenue, many important predictions have been made about the impact this case will have on future transfer pricing litigation. However, it is important to look at the valuable lessons that should be learned by practitioners, corporations, attorneys, and tax authorities when documenting intercompany transactions, specifically intangibles. John Wiora, director of operations at ktMINE, investigates.

  • CRS allows taxpayers to avoid detection as loopholes remain

    April 26, 2017

    Financial institutions are busy filing their first reports to tax authorities to comply with the common reporting standard (CRS), but loopholes in the global measure mean some taxpayers can remain undetected. Amelia Schwanke highlights the gaps appearing and the jurisdictions enabling them.

  • Proposed new tax regime targets real estate in Sweden

    April 26, 2017

    Sweden plans to introduce new rules on the taxation of commercial real estate that may complicate tax credits for foreign taxpayers and potentially result in double taxation. Richard Hedin Thyr, tax partner, and Hussein Abdali, tax adviser, at Skeppsbron Skatt, Taxand Sweden, analyse what these proposals could mean.

  • UK election could see tax bombshell hit businesses and investors

    April 26, 2017

    The UK political parties have begun jostling for votes ahead of the June 8 snap general election and the battle has already moved to taxation. So what will UK politics mean for businesses and their tax affairs?

  • GCC VAT: Half of businesses have not begun preparing – they must start now

    April 13, 2017

    Half of all businesses and MNEs operating across the Middle East or selling into the region have not started preparing for the new VAT system that is scheduled to be implemented on January 1 2018.

  • Oxfam report: Large US multinationals stash billions offshore

    April 12, 2017

    Oxfam claims that the 50 largest US companies, including global brands Alphabet (Google), Pfizer, Goldman Sachs, General Electric, Chevron, Wal-Mart, Walt Disney and Apple, stashed $1.6 trillion offshore in 2015 to avoid tax – $200 billion more than the previous year.

  • MNEs face greater compliance burden from proposed US Tax Fairness and Transparency Act

    April 12, 2017

    US Congressman Mark Pocan has introduced the Tax Fairness and Transparency Act in the House of Representatives. Multinationals should take note of the proposals as they may influence the wider tax reforms.

  • Will a corporate tax cut attract MNEs to the US and Australia?

    April 12, 2017

    Rio Tinto has called on Australia and the US to cut their corporate tax rates to become more attractive investment locations, and it seems that Australian Prime Minister Malcolm Turnbull is listening. Will the US follow?

  • India uncovers thousands of shell companies and $2 billion in fake transactions

    April 07, 2017

    The Indian government’s efforts to tackle the black economy has led to a crackdown against thousands of shell companies and tax bills to recover billions in unpaid taxes. The revenue department has warned of further intensified action over the coming days.

  • Rio Tinto to challenge A$447 million Australian tax bill

    April 07, 2017

    The Australian Taxation Office (ATO) has issued tax assessments to seven multinational companies for a total of A$2.9 billion ($2.2 billion) in alleged unpaid taxes. Mining giant Rio Tinto is the first to come forward and says it will challenge the unfair assessment.

  • The sun is shining for solar panel manufacturers in Uruguay

    April 07, 2017

    The Uruguayan government has approved new tax benefits for companies that manufacture solar panels that will allow them to receive tax exemptions in a number of ways.

  • Uruguay imposes strict taxes on Uber and Cabify

    April 07, 2017

    Uber, Cabify and other companies (the companies) that operate apps offering transportation services are now required to pay several taxes in Uruguay or face their accounts being frozen.

  • Belgium introduces exit tax rules as it implements ATAD

    April 06, 2017

    Belgium introduces a deferred payment regime for companies required to pay exit taxes on the cross-border relocation of assets, migration or restructuring in line with the EU Anti-Tax Avoidance Directive (ATAD).

  • More headaches for MNEs as Australia’s DPT is enacted

    April 05, 2017

    Multinationals will be subject to Australia’s divert profits tax (DPT) rules from July 1 after the legislation received Royal Assent on April 4. Businesses must pay close attention to the details to avoid hefty fines.

  • Technology uses grow to tackle tax fraud across the sharing economy

    April 05, 2017

    The sharing economy has offered numerous opportunities to individuals and businesses to minimise their tax liabilities, but tax authorities are now using sophisticated software to target those avoiding tax via platforms such as Airbnb, eBay, Amazon and Uber.

  • What will South Africa’s new finance minister mean for businesses?

    April 05, 2017

    Malusi Gigaba’s appointment as the new South African finance minister has shaken the economic stability of the country within days of him taking office, but what could the minister’s long-term business and tax agenda look like?

  • Brazil Federal Supreme Court deems inclusion of ICMS in the PIS/COFINS taxable basis unconstitutional

    April 03, 2017

    The Brazilian Federal Supreme Court ruled in favour of the taxpayers, determining that the state VAT should not be included in the concept of “gross revenues” for the purpose of the PIS/COFINS taxable basis.

  • Webinar: TP risks of structuring investments through Africa

    April 03, 2017

    An increasing number of tax authorities in Africa are being equipped with tools to deal with transfer pricing issues, but who is helping the multinationals?

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