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Archive

  • December 2018

    The dangers of tax 'over-tooling'

    December 20, 2018

    In-house tax teams are implementing tailored software solutions due to the low cost of technology, but should beware ‘over-tooling’ and employ a coherent purchasing strategy.

  • Brazil’s proposal to define the ‘export of services’

    December 19, 2018

    Brazil’s Federal Revenue Services (FRS) issued a Normative Opinion to define the “export of services” for tax exemption purposes.

  • ATO releases draft guidance on offshore shipping service hubs

    December 19, 2018

    The Australian Taxation Office (ATO) has released a draft schedule that deals with offshore shipping service hubs.

  • Tax chiefs pleased that Netherlands will publish tax rulings

    December 19, 2018

    Heads of tax at multinational companies have welcomed the Dutch government’s announcement that it will publish anonymised summaries of all its tax rulings from July 2019.

  • How Bapco is getting ready for VAT in Bahrain

    December 18, 2018

    Bahrain’s national oil company has just days to get ready for VAT. International Tax Review speaks to the man designing the company’s VAT system about the challenges ahead.

  • Tax directors slam French DST deadline as ‘impossible’

    December 14, 2018

    France says it will introduce its digital service tax (DST) in January 1 2019 after scrapping an earlier statement to wait until March 2019 for an EU-wide approach.

  • How tax heads are responding to the rise and rise of VAT

    December 14, 2018

    VAT, first implemented in France in the 1950s, is a young tax. But its importance has exploded in the last few decades: few countries now lack a VAT, and rates are at historic highs. Tax directors tell International Tax Review how they are responding and what they expect from the future.

  • KPMG South Africa looks to rebuild trust with clients

    December 12, 2018

    KPMG South Africa plans to restore its reputation with a new leader following the scandal over its role in auditing the Gupta-owned businesses, but rival firms are already poaching their clients who no longer trust the firm.

  • How tax departments deal with uncertainty

    December 12, 2018

    Tax directors explain how they are trying to manage the political and legislative uncertainty around the world that is constantly changing the way their teams have to operate.

  • UK CCO – an ‘opportunity’ for in-house tax functions

    December 12, 2018

    The UK’s corporate criminal offence (CCO) legislation to combat tax evasion represents another pressing reason, and opportunity, for tax functions in multinationals to work closely with colleagues across the organisation, writes Sandy Markwick.

  • AEOI – the world delivers on the new global standard

    December 12, 2018

    Monica Bhatia, head of the Global Forum Secretariat at the OECD, Radhanath Housden, head of the AEOI Unit at the Global Forum and Adrian Wardzynski, policy adviser at the Global Forum, highlight the steps governments are taking worldwide to share data, taking a giant leap from information on request to automatic exchange.

  • DAC 6 reporting requirements pose numerous compliance problems

    December 12, 2018

    The taxpayer challenges arising from the EU’s directive on mandatory disclosures for intermediaries (DAC 6) are seemingly countless, writes Christian Kaeser, global head of taxes at Siemens, and Mark Orlic and Arne Schnitger of PwC.

  • Peer company ETRs: Benchmarking complexity

    December 12, 2018

    The effective tax rate (ETR) of a peer company may be intuitively thought of as an industry benchmark. This benchmark could traditionally be useful to investors, boards of directors, CFOs and tax departments of multinationals and CFOs. But times are changing.

  • Taxing rights are the tax community’s hot potato

    December 12, 2018

    The June 21 decision by the US Supreme Court in South Dakota v Wayfair Inc that overturned, by a 5-4 majority, the previous leading case of Quill Corp v North Dakota has a significant effect on sales taxes within the US. But should businesses outside the US also be very concerned, given that some initial commentary suggested that this would result in a rapid change of the definition of permanent establishment?

  • Tax and HR departments must collaborate to avoid costly IR35 non-compliance

    December 12, 2018

    Corporate tax functions must work closely with HR departments immediately to ensure their businesses are ready to comply with the UK’s IR35 legislation, governing payroll taxes and employee contracts, by April 2020.

  • Indian GAAR disputes to continue but there is hope, say tax directors

    December 10, 2018

    Tax departments must be extra-vigilant to avoid costly litigation resulting from India’s recurrent and creative use of the general anti-avoidance rule, say tax directors – but even strong documentation may not be enough.

  • Traditional retailers welcome German marketplace VAT compliance law

    December 10, 2018

    German retailers are pleased with a new VAT compliance law which will put additional obligations on online platforms selling goods, which they say will help level the playing field. But major platforms like Amazon, eBay and Etsy face a compliance headache.

  • Digital tax ball ‘back in the OECD court’

    December 06, 2018

    Member states have killed off the EU’s digital services tax (DST) proposal, but companies fear this will make unilateral action more likely.

  • Global Tax 20 2018

    December 05, 2018

    International Tax Review’s Global Tax 20 highlights the most influential people, events and companies which have had an impact on the global tax landscape during the past year. Joe Stanley-Smith introduces the Global Tax 20.

  • Banks and governments look to blockchain to cut costs and tax fraud

    December 05, 2018

    Blockchain is becoming a likely option for businesses to meet their tax obligations as banks and governments take action to implement the digital ledger technology to cut costs and curb tax fraud.

  • Businesses brace for controversial Polish mandatory disclosure rules

    December 03, 2018

    Tax heads and advisors are in the dark about how Poland’s mandatory disclosure rules (MDR) will work. Poland’s measures go beyond the EU Directive and could set a standard among EU nations implementing MDR.

  • Evolution and adaptation with Kering Group

    December 03, 2018

    Kering’s Group Tax Director Sophie Maddaloni explains how the group’s corporate structure has enabled it to transform from a timber and construction specialist, to a distribution business, to the luxury goods group it is today.

International Correspondents