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Indirect Taxes

  • Introduction

    By Gary Harley, KPMG in the UK

  • Creating value in a changing regulatory environment

    Tax systems are struggling to keep pace with the speed of business change. Graeme Ross and John Bain of KPMG in the UK argue that taxpayers and tax authorities have a common interest in developing and maintaining modern tax systems

  • Steps towards a pan-European VAT system

    Proposals to harmonize treatment on the place of supply of services in the EU are going through the political process. Harry Reeder of KPMG in the UK and Christian Amand of KPMG in Belgium explain their rationale, explore some of their implications and suggest they take us a step closer to a federal system

  • European VAT - a US perspective

    Time was when "someone in Europe" managed VAT for US multinationals. Mike Loten of KPMG in the UK and Tom Boniface of KPMG in the US explain how Sarbanes-Oxley and a recognition of the problems and opportunities associated with VAT have led many to abandon their policies of benign neglect

  • VAT and avoidance post Halifax

    A recently published opinion of the EU's Advocate General clarifies EU anti-avoidance law and the principle of so-called abuse. Amanda Brown of KPMG in the UK explains the Advocate General's reasoning and explores its implications for taxpayers

  • Preventing indirect taxes from damaging shareholder wealth

    Companies that see their indirect taxes as a wash through do their shareholders a grave disservice. Peter Crush of KPMG in the UK explains how corporations can improve shareholder value by measuring, monitoring and managing VAT within a coherent indirect tax strategy

  • Indirect tax reform in China and Hong Kong

    The VAT model has reached China. Khoonming Ho and Jesse Wang of KPMG in China and David Stevens of KPMG in Hong Kong describe problems with its introduction and predict an easy VAT conquest of Hong Kong

  • VAT compliance minefields in central Europe

    The EU's new recruits have started to adapt their VAT regimes to the requirements of EU law. Philippe Norre of KPMG in Hungary and Tomasz Grunwald of KPMG in Poland highlight the risks for taxpayers and describe progress so far in what will be a prolonged integration process

  • India launches VAT system

    Although India's decision to introduce a VAT system on April fool's day was tempting fate, Bhavna Doshi of KPMG in India reports that, despite a few teething problems and some unresolved uncertainties, the new regime has been widely welcomed

  • Input VAT recovery in Latin America: credit where it is due

    Latin American governments rely very heavily on VAT revenues and are reluctant to give them back in credits and refunds. Julián Martín and Torsten Fetzer of KPMG in Argentina explain the region's complex VAT credit regimes

  • New power for tax departments

    Growing regulatory demands on companies and their tax departments are making tax automation essential. Stephen James of KPMG in the US and Tom Birch of KPMG in the UK argue that new-generation tax engines are the answer, and explain how to install them

  • Outsourcing VAT management

    Managing VAT is a complicated and risky business because the tax is everywhere, but everywhere is different. Keith Anderson and Kelvin Mullock of KPMG in the UK argue that the growing complexity and risk of the compliance challenge strengthen the case for outsourcing

  • Outsourcing in the financial services sector and VAT

    Keith Loughman (KPMG in Ireland), Philippe Breton (Fidal International), David Fownes (KPMG in the UK) and Rick Franke (KPMG in the Netherlands) examine how VAT affects outsourcing initiatives in the banking, asset management and insurance sectors

  • Directory of contacts

  • KPMG and the KPMG logo are registered trademarks of KPMG International, a Swiss cooperative.

    KPMG and the KPMG logo are registered trademarks of KPMG International, a Swiss cooperative.


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