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  • July 2017

    Mexico gets tougher on formal requirements for the deductibility of expenses to non-residents

    July 31, 2017

    A new version of tax invoices was released that requires taxpayers to disclose substantially more details with respect to their transactions, adding another layer of complexities to a system that already requires heavy diligence from taxpayers to ensure their expenses meet all tax formalities to be claimed as deductible.

  • Long battle ahead as IRS challenges US Medtronic verdict

    July 28, 2017

    Medtronic is being forced to defend its transfer pricing practices again after the IRS launched an appeal on the 2016 ruling. But after concluding a decade-long court dispute last year, how long could this latest challenge take?

  • The Netherlands and UK sit at the heart of the global tax haven industry

    July 27, 2017

    Researchers from the University of Amsterdam have uncovered the extent of the role highly developed countries play in squirreling money into tax havens. But what is in it for them, and what can be done to tackle such practices?

  • Last minute preparations likely as GCC businesses stall on VAT

    July 27, 2017

    With less than six months until VAT begins to apply across the GCC’s member nations, the majority of businesses and industries operating in the region are delaying preparations as they await final laws, raising the risk of non-compliance and subsequent sanctions.

  • EU case to set precedent on VAT treatment of rebates for parties outside the distribution chain

    July 27, 2017

    The ECJ will soon rule on a case involving global pharmaceutical company Boehringer Ingelheim that will set a VAT precedent for the pharmaceutical sector. Jan Sanders, indirect tax manager at RELX, discusses the impact of a ruling on this long-debated matter concerning the VAT treatment of supplies outside a distribution chain.

  • Corporates must brace themselves for South Africa’s big tax measures

    July 26, 2017

    The Treasury’s draft laws, detailing their budget proposals, reveal the government’s plan to curb the use of buyback schemes, tackle dividend stripping and extend the CFC rules, among others, which are anticipated to greatly impact corporate transactions.

  • Acacia’s $190 billion Tanzania tax bill sends shockwaves through mining sector

    July 25, 2017

    In a situation that could not get much worse for Tanzania’s biggest mining company, Acacia Mining has been handed a tax bill for $190 billion in alleged unpaid taxes and penalties by the government – an amount larger than the combined tax payments of the top five global gold miners since 2000.

  • Q&A: Cypriot Finance Minister Harris Georgiades wants a more transparent and attractive hub for corporates

    July 25, 2017

    Harris Georgiades, Cyprus’ minister of finance, talks to Natalie Leonidou about tax reform and why his country is an attractive investment hub despite the drive for transparency in the wake of BEPS.

  • HMRC hails success of controversial APNs

    July 21, 2017

    UK tax authority HM Revenue and Customs (HMRC) has won every court challenge against its controversial accelerated payment notices (APNs) issued to individuals and businesses under enquiry for tax avoidance.

  • Avinash Persaud: The ex-banker who designed an FTT to tame the City

    July 20, 2017

    Former managing director of State Street Bank and leading financial expert Avinash Persaud tells Salman Shaheen why he has designed a financial transaction tax (FTT) for Britain’s opposition Labour Party to help rein in the City of London.

  • ATO talks low-value goods exemption removal

    July 19, 2017

    In less than a year, Australia will become the first country to remove its GST exemption on imported low-value goods. International Tax Review spoke exclusively to the Australian Taxation Office (ATO) about how it is preparing for the change, and the increasing collaboration between tax authorities post-BEPS.

  • Americas Tax Awards 2017: Shortlists announced

    July 19, 2017

    The nominees for the 12th annual Americas Tax Awards have been announced.

  • UK Taylor Review rocks the boat for tax compliance

    July 19, 2017

    The much-anticipated Taylor Review on modern working practices has suggested radical changes to the UK’s tax system that could raise the compliance burden for businesses. But will the recommendations see the light of day?

  • Deloitte set to merge with BMR Advisors’s tax practice

    July 19, 2017

    Deloitte has reached an agreement to merge with BMR Advisors’s tax team after days of negotiation

  • Q&A: Bob Stack believes US tax reform looks less likely

    July 18, 2017

    Bob Stack, former US deputy assistant secretary of international tax affairs, talks to Natalie Leonidou about his new career at Deloitte and his views on US tax reform, the MLI and CbCR.

  • German Fiscal Court on the dilemma of tax neutrality for funds and equal treatment under the EU freedoms

    July 18, 2017

    Under its tax regime, Germany grants a tax exemption only for domestic funds but not for foreign funds. The Fiscal Court Münster (20/04/2017,10 K 3059/14 K) ruled that this is in line with the EU freedoms because the situation of German funds is not comparable to that of foreign funds.

  • OPINION: Progressive tax policies are crucial to reducing inequality, and businesses should care

    July 18, 2017

    In the long-term it is important for businesses that gaping inequalities across the world are tackled and tax plays a big part in that, argues Salman Shaheen.

  • Q&A: Panama’s finance minister talks transparency, scandals and BEPS

    July 18, 2017

    Panamanian Minister of Economy and Finance Dulcidio De La Guardia talks to Anjana Haines about his country’s progress on tax transparency, his views on the Panama Papers scandal and problems with the BEPS Project.

  • Mexico to enhance investment opportunities from Argentina and Spain through DTAs

    July 17, 2017

    Mexico’s government intends to boost the commercial environment for investments through amendments to its agreements for the avoidance of double taxation (DTAs) with Argentina and Spain.

  • Macron’s corporate tax cuts: Now or never?

    July 14, 2017

    President Emmanuel Macron has overruled his prime minister to keep his election promise of implementing tax cuts in 2018, despite early disagreements over the tax pledge. But the stakes couldn’t be higher for the new government.

  • Google not out of the woods after landmark $1.25 billion French court victory

    July 14, 2017

    After a six-year tussle, Google has emerged victorious after the Paris administrative court found in its favour over a PE dispute. But the French authorities have announced their intention to appeal.

  • China’s TP documentation policy: The first year in review

    July 11, 2017

    Maggie Zhuang, tax manager at Chevron China Energy Company, shares her experience and lessons in complying with China’s transfer pricing (TP) policy under Public Notice No. 42, which required the information to be submitted for the first time.

  • India GST: The mechanics of compliance

    July 11, 2017

    Much like the Maruti Suzuki or iconic Hindustan Ambassador cars that changed the nature of India’s roads, the new GST system holds the potential to evolve Indian taxation forever with its intelligent structure and technological advances that are intended to bolster compliance and curb corruption. Anjana Haines examines the country’s biggest tax reform since Indian independence.

  • European Tax Awards 2017: Winners announced

    July 11, 2017

    Over 30 different firms and individuals won recognition for their unique achievements at this year’s European Tax Awards 2017 held at The Savoy, London.

  • The economics behind EU tax investigations: The way forward

    July 11, 2017

    The European Commission has made some surprising decisions in recent years about how tax rulings between multinationals and EU member states constitute state aid. In the second of this two-part series of articles, Carina Lange, senior consultant at CEG Global in the Netherlands, discusses how multinationals can maintain legal certainty and assess the risks associated with tax rulings.

  • Q&A: Indranee Rajah comes out to bat for Singapore’s reputation

    July 11, 2017

    Singapore’s Senior Minister of State for Law and Finance Indranee Rajah talks to Anjana Haines about global tax challenges and passionately defends the country’s tax reputation.

  • Tax director 2.0

    July 11, 2017

    Tax work is being transformed by technology, and the role of the tax director is changing with it. Joe Stanley-Smith looks at the new tools on offer to businesses, the skills needed to use them properly, and why companies need to jump on the bandwagon sooner rather than later.

  • Philippines tax reform to raise costly challenges for companies

    July 11, 2017

    The Philippines government has established the primary basis for a comprehensive tax reform package that is part of a wider ambitious plan for national development. Emmanuel P Bonoan, vice chairman and chief operating officer of KPMG R.G. Manabat & Co, and former undersecretary of the Philippines Department of Finance (DoF), examines the provisions of package 1 of the tax reform, which will affect multinational corporations (MNCs) and major industries.

  • Mexico issues rules to facilitate carve outs in infrastructure projects

    July 10, 2017

    In the past few years the tax authorities have been constantly issuing new tax rules to allow for tax free restructurings or tax deferrals on the transfer of shares or assets. It is crucial that foreign investors stay alert of the changes.

  • Can the race to the bottom be reversed?

    July 07, 2017

    Gathering for their annual conference, Tax Justice Network activists are gearing up for their next big battle: reversing the global race to the bottom on corporate tax rates and social protections.

  • HMRC scores against Glasgow Rangers in Supreme Court

    July 07, 2017

    HMRC has triumphed in its five-year dispute with Scottish football club Glasgow Rangers over the use of employee benefit trusts (EBTs) to avoid taxation. The case gives the UK tax authority a golden ticket to go after other individuals and companies that have used similar structures, but not all cases are likely to be easy wins for the tax authority.

  • Thailand to halt VAT relief for foreign suppliers of goods and services

    July 06, 2017

    Thailand’s Revenue Department has proposed repealing the VAT exemption on the importation of law-value online purchases brought from foreign vendors and introduce a withholding tax on foreign sales.

  • Q&A: Richard Murphy celebrates the victory of public CbCR

    July 05, 2017

    Salman Shaheen talks to Richard Murphy, the man who invented country-by-country reporting (CbCR), on why yesterday’s European Parliament vote means he has just achieved his life’s ambition.

  • Q&A: Pascal Saint-Amans comes out fighting for the OECD’s blacklist and CbCR standard

    July 05, 2017

    The OECD has found itself at odds with both the EU and the Tax Justice Network in the past week over divergent transparency standards. Pascal Saint-Amans, the organisation’s head of tax policy and administration, explains to Salman Shaheen why he believes its blacklist and non-public CbCR standard are the right approach.

  • After years of delay, has the FTT’s time finally come?

    July 05, 2017

    With finance ministers meeting in Brussels next week, Robin Hood Tax campaigners are ramping up the pressure. But will the financial transaction tax (FTT) see the light of day?

  • Cross-sector convergence and its tax M&A implications

    July 05, 2017

    As companies scramble to keep pace with the rapidly evolving digital world, they are striking new deals and alliances – with new tax implications – to beef up their online offering and combat disruptive start-up competitors.

  • Levy of IRRF and CIDE on the remuneration of software as a service (SaaS)

    July 04, 2017

    The Brazilian Federal Revenue Service (RFB) has issued an unprecedented ruling regarding the levy of the withholding income tax and contribution for intervention in the economic domain (CIDE) on the remuneration for the authorisations for remote access and use of software as a service (SaaS).

  • Netherlands grows as preferred holding jurisdiction for hosting Indian investments

    July 04, 2017

    In recent years both Mauritius and Singapore, and to a limited extent also Cyprus, were the leading jurisdictions for hosting investments into India, but the Netherlands is becoming a good alternative option.

  • Q&A: Paul Morton talks tax simplification

    July 03, 2017

    After the UK Office of Tax Simplification (OTS) released its first ever annual report last week, Salman Shaheen spoke to its new tax director, Paul Morton, about the impact it has made and where it will be going under his leadership.

International Correspondents