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International Correspondent

News and Analysis

  • Winners of European Tax Awards 2013 revealed

    May 16, 2013

    Rosneft, the Russian energy company, was named as European in-house team of the year for direct tax at International Tax Review’s European Tax Awards last night.

  • Guernsey commits to automatic exchange of tax information

    May 01, 2013

    One of the UK’s Crown Dependencies, with which Britain has recently agreed new plans to improve tax reporting, has come out in favour of a pilot programme for introducing an international system of multilateral exchange of information.

  • Tax: Law and morality - which way now?

    April 30, 2013

    International Tax Review magazine editor Salman Shaheen will chair an IF Campaign debate with UK Exchequer Secretary David Gauke and other members of Parliament on the impact of tax avoidance on developing countries.

  • Shortlists announced for European Tax Awards 2013

    April 08, 2013

    In-house tax departments, both big and small, have extra chances at recognition at International Tax Review’s European Tax Awards 2013 presentation at the Dorchester hotel in London on May 15.

  • World Tax and World Transfer Pricing 2014 questionnaires are available now

    April 03, 2013

    The research has now started for the new edition of World Tax and the first edition of World Transfer Pricing, International Tax Review's directories of leading tax and transfer pricing firms around the world.

  • IFRS trustees announce membership of new technical group

    March 25, 2013

    The new group set up as a technical advisory body to the International Accounting Standards Board (IASB) will consist of members from 12 accounting standard-setters around the world, including the Financial Accounting Standards Board in the US.

  • What you have missed on ITR Premium

    February 06, 2013

    IRS information reporting councils; FATCA compliance; German investment fund taxation to align with AIFMD; Netherlands’ call for international action against tax avoidance; Australian carbon tax; UK VAT cut; Russian tax disputes; CRA on TEI audit targets

  • PAC hearing shows gulf between Big 4 and public opinion: COMMENT

    February 01, 2013

    Round two of the UK Parliament’s Public Accounts Committee (PAC) hearing on tax avoidance saw Margaret Hodge MP land a number of damaging blows on tax leaders of the Big 4 accountancy firms, but few preconceived opinions will have changed on either side of this polarised debate.

  • Dave Hartnett to advise HSBC on tax risk

    January 30, 2013

    Dave Hartnett, the most senior tax official at HMRC in the UK until his retirement in 2012, is to become an adviser to a new committee set up by HSBC, the global bank, to advise it on risks in the financial system.

  • IF campaign reaches out to businesses to tackle tax avoidance

    January 29, 2013

    With the UK chairing the G8 this year, more than 100 charities have come together under the banner of the IF campaign, whose basic premise is that there is enough food in the world for everyone if certain conditions, including ending tax avoidance and increasing financial transparency, are met. Katharine Teague, senior private sector adviser at Christian Aid, one of the main organisations behind the campaign, tells International Tax Review how it is reaching out to businesses.

  • What you have missed on ITR Premium

    January 28, 2013

    FATCA; equity tax relief; EITI standard; tax policy; EU import duty exemption; EU FTT; Amazon US; Prudential UK.

  • European Tax Awards 2013: closing date approaching

    January 24, 2013

    The European Tax Awards are back in 2013, even bigger and better than before.

  • UK Supreme Court Prudential case could mean significant loss of business for accountants

    January 22, 2013

    The UK Supreme Court is delivering its judgement in Prudential’s case against HM Revenue & Customs (HMRC) tomorrow. The court will decide whether legal professional privilege (LPP) should cover communications between taxpayers and accountants as well as lawyers.

  • Final FATCA regulations are out

    January 18, 2013

    The US Treasury and IRS have published 544 pages of final regulations about how the controversial information reporting legislation should work.

  • UK parliament panel to question banks' approach to tax and accounting

    January 16, 2013

    The debate about the UK tax system will focus on the financial industry today with the first hearing by the panel on tax, audit and accounting, which was formed by the Parliamentary Commission on Banking Standards (PCBS) at the end of last year.

  • UK House of Commons debate on corporate tax avoidance

    January 09, 2013

    The tax avoidance debate in the UK is gaining traction. This week saw debate in the House of Commons with a warning that the UK tax system is under serious threat in the international business environment. Paul Wilmshurst of Charles River Associates provides an overview of the discussion.

  • COMMENT: The importance of the tax contribution from British business

    January 07, 2013

    Some recent press coverage in the UK could suggest that business spends its time doing everything it can to dodge every tax it owes. The facts show how far from the truth this is.

  • What you have missed on ITR Premium

    January 07, 2013

    BAE's Australian compliance agreement; UK MPs examine tax's role in banking standards; Cyprus and its IP tax incentives; WPP returns to Britain; Australia looks at lower GST threshold for online; EU VAT invoicing changes will cut compliance; China's key tax rulings in 2012; Liability for corporate tax evasion in India

Supplements

  • India Quarterly's news analysis from around the world

    November 01, 2010

  • Argentina: Transfer pricing rules in need of change

    September 01, 2010

    Augusto Martín Camarero and Armando Cabrera describe the way Argentine transfer pricing rules still fall behind more developed tax codes. The lack of advance pricing agreements and quasi acceptance of secret comparables cause problems.

  • Chile: Unclear if OECD principles apply to local rules

    September 01, 2010

    In Chile, the rules technically follow the OECD guidelines, but Miguel Zamora and Ana Paula Güitrón say it is not clear whether this is true. Advisers still struggle to know which transfer pricing methods are allowed.

  • Mexico: Moving forward along a different path

    September 01, 2010

    In Mexico, the transfer pricing rules have been in force since 1997, a relatively long time in Latin America. Moisés Curiel, Carlos Linares and Emilio Angeles talk taxpayers through staying on the right side of the notoriously strict

  • Peru: Transfer pricing rules are developing rapidly

    September 01, 2010

    Since the arm's-length principle was introduced in Peru in 2001, there have been multiple updates and extensions to the rules on transfer pricing. Claudia González-Béndiksen and Paola Gutiérrez list the important points taxpayers must be aware of, such as maintaining stringent documentation as well as filing an annual sworn informative return.

  • Venezuela: Taxpayers are at risk of severe penalties

    September 01, 2010

    Ronald Evans and Gustavo Sánchez discuss Venezuela's complex rules and explain that taxpayers must strive to comply with the legislation or face heavy penalties.

  • Editorial

    April 01, 2010

    Getting off the blocks

  • UK: Doubts continue to undermine transactions

    April 01, 2010

    The possibilities for using the tax assets of a UK acquisition are dogged by uncertainties this year, not least the possible reform of controlled foreign company rules, point-out Mike Lane and Stephen Edge of Slaughter and May

News in Brief

  • Baker Tilly adds partner in UK

    November 20, 2012

    Accountancy firm Baker Tilly has hired Fiona Cross as a corporate tax partner in its Bury St Edmonds and Chelmsford offices.



 

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May 2013

The world is changing: The gradual evolution of tax planning

The world of tax planning is changing, bringing new risks and challenges for taxpayers. The change may be gradual, but companies should not ignore how significant it is.


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