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• April 2018

  Raising capital from Mexican pension funds

  April 13, 2018

  In recent years, Mexican government agencies, including the Mexican Banking and Securities Commission (CNBV) and the National Retirement Savings System Commission (CONSAR) have implemented regulatory changes with the intent of allowing investors in general and specialised retirement fund investment companies in particular, to better diversify their holdings while at the same time providing the private sector with additional fundraising alternatives.

• Goldman Sachs invests in Argentina after Macri’s tax reform

  April 13, 2018

  Equity International and Goldman Sachs Group are investing more than $300 million in Argentine real estate, following President Mauricio Macri’s overhaul of the country’s tax and economic strategy.

• HMRC could extend its ‘shoot first’ APN regime

  April 12, 2018

  UK revenue authority HMRC has launched a consultation looking at how to tackle tax avoidance. This consultation proposes using targeted measures to ensure the suspects in such cases pay back the disputed tax even before the enquiry reaches a conclusion.

• Singapore transfer pricing regulations: Prepare for synchronisation with global best practices

  April 10, 2018

  Multinational enterprises (MNEs) must stay on their toes to deal with numerous changes in Singapore’s tax and transfer pricing regulatory framework enacted in the last year, as well as those still to come.

• Is the UK about to turn against the Big 4?

  April 09, 2018

  The UK government is considering changes to the UK audit market in light of the Big 4’s dominance. At the end of March, Grant Thornton opted not to bid against the Big 4 for auditing contracts of FTSE 350 companies, heightening calls for a shake-up.

• MNEs should restructure to enjoy China’s beneficial ownership tax treaty rules

  April 06, 2018

  Multinationals indirectly investing into China should examine their restructuring options to take advantage of China’s beneficial ownership tax treaty rules that could cut withholding tax rates on dividends, royalties and interest.

• The case against the robot tax

  April 05, 2018

  Taxing corporate income generated through the use of robots may be a popular idea, but the difficulty of drawing a link between the use of artificial intelligence (AI) and corporate income could create a new avenue for tax avoidance and hold back innovation.

• Blockchain – $62 billion VAT fraud buster or just another tech bubble?

  April 05, 2018

  Should we ignore the bitcoin speculative bubble and hacking scare stories as the fireflies before the technological storm? Could blockchain solve the EU’s €50 billion ($62 billion) VAT fraud menace, and revolutionise tax reporting?

• Q&A: Ex-Microsoft tax adviser Mike Bernard on data and the digital economy

  April 04, 2018

  Mike Bernard, former Microsoft tax counsel, talks to ITR about his experience at Microsoft, how the tax department functioned, and how he will help MNEs use data to be audit-ready in his new role at Vertex.