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Archive

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  • January 2018

    India bans PwC over the Satyam case

    January 19, 2018

    In a shocking turn of events, India’s securities regulator has banned PwC from auditing listed companies for two years over a $1.7 billion fraud case involving Satyam, a computer company which employed PwC as its auditor. The Big 4 firm is now appealing the decision.

  • The reporting and taxability of cryptocurrencies

    January 19, 2018

    Whoever thought that today’s investor would be trading something called Bitcoin, a valuable item that neither resembles a metal coin or paper certificate? It’s amazing to think that a single line of code can be valued at $16,000 or more. How are these virtual currencies even regulated? For now, it seems there are more questions than answers regarding cryptocurrencies.

  • Italy leads the way with trend-setting digital sales tax

    January 16, 2018

    Italy is set to impose a new tax on digital transactions, potentially setting a trend for Europe as a way to tackle the problem of tax avoidance among high-tech companies. But is unilateral action the way forward?

  • VAT implementation in Saudi Arabia and UAE has teething problems

    January 15, 2018

    Businesses should expect disruption and cashflow issues as the tax authorities in Saudi Arabia and the United Arab Emirates (UAE) come to terms with the long-awaited implementation of VAT.

  • Final days to enter for the Asia Tax Awards 2018

    January 15, 2018

    The deadline to submit for the Asia Tax Awards 2018 is fast approaching. Companies, firms and individuals working in jurisdictions across the Asia Pacific region should enter now.

  • How Facebook could threaten Ireland’s tax revenue boom

    January 11, 2018

    The Irish government has declared its first budget surplus in a decade and many observers have attributed this to corporate tax receipts, but Facebook’s decision to change its business model poses risks to government coffers if other MNEs follow suit.

  • China gets competitive with foreign investor tax incentive in wake of US tax reform

    January 09, 2018

    A tax war could begin between the world’s two biggest economies after China said it will allow foreign investors to claim a refund for direct investment made in 2018. Can taxpayers expect further perks in 2018 in reaction to the US tax reform?

  • Mexico yet to take a stance on taxation of transactions executed with cryptocurrencies

    January 09, 2018

    A thrilling year-end in the cryptocurrency space, where most virtual currencies raised their value in three digit percentages in a matter of months, is ushering in a new wave of investors looking for high-risk/high-return opportunities. This makes the issuance of guidance on the taxation of transactions executed with digital currencies a pressing matter.

  • Outstanding tax disputes rise, says OECD study

    January 05, 2018

    The number of tax treaty disputes increased for more than 65 jurisdictions in 2016, according to the OECD’s peer review. This may offer insights into how well the world is adjusting to the changes posed by BEPS Action 14.

  • Brazil: Remuneration of executives and the labour reform

    January 03, 2018

    The remuneration of executives is always an object of attention for the Federal Internal Revenue Service. Whenever there is a new remuneration policy introduced in the market, the Internal Revenue checks whether the adjustment is remuneratory in character, and whether such expense will be deductible by the company when ascertaining its actual profit.

  • Russia extends 'Google tax' as part of tax code changes

    January 02, 2018

    The Russian government is preparing to extend the so-called ‘Google tax’ as part of changes to its tax code after President Vladimir Putin signed off on the proposals in December 2017. The government has also announced several other changes.

  • Will US tax reform spark a new ‘race to the bottom’?

    January 02, 2018

    The US’s long-awaited tax reform has brought the country’s corporate tax rate down to 21% - below 2017’s OECD average rate of around 25%. Will this spark a new wave of tax competition?

International Tax Review Profile

RT @SjoerdDouma: Dutch Supreme Court clarifies meaning of 'managed and controlled' in tax treaty Netherlands-Singapore https://t.co/YMUdfqj

Jan 19 2018 04:42 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @OECDtax: Read the public comments received on new #tax rules requiring disclosure of #CRS avoidance arrangements and offshore structure…

Jan 18 2018 04:39 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @EU_Taxud: Press conference with @pierremoscovici today from 11.00h on the new system for VAT rates and on VAT system for SMEs. 🎥 Watch…

Jan 18 2018 09:56 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @ddayen: Why must Americans become part-time accountants, just to follow the rules of society? https://t.co/8x8pNhqTGa

Jan 17 2018 02:30 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @monicabhatia2: Singapore to automatically exchange financial account information with 61 states https://t.co/O3uP7AyaCm

Jan 17 2018 11:49 ·  reply ·  retweet ·  favourite
International Correspondents