International Tax Review http://www.internationaltaxreview.com International Tax Review en-gb Wed, 10 Mar 2010 17:22:07 GMT Copyright: (C) 2004 Euromoney Institutional Investor PLC. Economist calls for tax reform to prevent turmoil An overhaul of the international tax system could help to prevent a repeat of the global financial crisis, an IMF official said this week. News http://www.internationaltaxreview.com/?Page=9&PUBID=210&SID=724889&ISS=25585&GUID=B27C1B6E-8A35-4F1A-BC0C-3FAF13C117E9 Name and shame policy starts in April The UK tax authorities will be able to publish the details of companies who deliberately evade taxes under new legislation which is due to come into force next month. News http://www.internationaltaxreview.com/?Page=9&PUBID=210&SID=724913&ISS=25585&GUID=200F51BC-6DF2-4966-BB1F-CC34B20F4E68 D'Ascenzo highlights growing importance of compliance Australia's tax commissioner has highlighted 2010 as a "watershed year" for substantial change, despite the government postponing the release of an influential review into the country's tax system. News http://www.internationaltaxreview.com/?Page=9&PUBID=210&SID=724910&ISS=25585&GUID=DAF3986B-DF4B-42BC-B559-5A09F6731CA2 Follow International Tax Review on Twitter International Tax Review is now available on Twitter, the micro-blogging and social networking site, providing updates on the ever-changing world of international taxation. News http://www.internationaltaxreview.com/?Page=9&PUBID=210&SID=724909&ISS=25585&GUID=1E883966-EE19-435B-986E-04E767C221E7 Treaties and TIEAs signed this week News http://www.internationaltaxreview.com/?Page=9&PUBID=210&SID=724908&ISS=25585&GUID=95846BD1-AA28-493A-94FC-70CAC70F6EB4 New China-Barbados treaty targets capital gains China's amendment to its tax treaty with Barbados is likely to affect companies looking to invest in China with the biggest change targeting capital gains tax. News http://www.internationaltaxreview.com/?Page=9&PUBID=210&SID=724900&ISS=25585&GUID=132D7ED5-7093-4AB7-8D4F-2985163E915D UBM settles tax dispute UBM, the business media company, will pay £46.5 million ($70.3 million) to Her Majesty's Revenue & Customs to settle a capital gains dispute that arose after the £360 million sale of its regional newspaper business in 1998. News http://www.internationaltaxreview.com/?Page=9&PUBID=210&SID=724898&ISS=25585&GUID=2CA9CC3D-C149-43CD-8780-650089900963 China adjust rules for foreign investors Foreign investors with representative offices in China need to establish whether they are entitled to a tax exemption under new rules released by the country's tax authorities. News http://www.internationaltaxreview.com/?Page=9&PUBID=210&SID=724897&ISS=25585&GUID=B219F618-1A4E-493C-B08D-8A34DB5CA6DA UPDATE: House approves amended version of Senate jobs bill The US House of Representatives approved a Senate jobs bill yesterday which will encourage employers to provide jobs to displaced workers through tax incentives. The job-creation measures will be offset by new foreign account compliance rules to prevent offshore tax evasion. News http://www.internationaltaxreview.com/?Page=9&PUBID=210&SID=724874&ISS=25585&GUID=0F58EA5B-C15A-4CCF-B6A9-8DE0E12288F0 Senate prepares to act on tax extenders legislation The US Senate will discuss legislation that majority leader Harry Reid introduced in February which would retroactively extend certain tax breaks that expired at the end of 2009. News http://www.internationaltaxreview.com/?Page=9&PUBID=210&SID=724871&ISS=25585&GUID=6B127A76-7C83-4E51-A281-BFF0478D761C Rangel steps down from tax-writing role in face of ethics probe Representative Charles Rangel has temporarily stepped down as chairman of the Ways and Means Committee of the US House of Representatives amid inquiry for ethical misconduct. News http://www.internationaltaxreview.com/?Page=9&PUBID=210&SID=724868&ISS=25585&GUID=395E0EDF-C013-4EC3-AE03-3FC9B2409CFE New European tax chief wants more cooperation The EU's new tax commissioner wants to reduce compliance, eliminate distortion in the system, implement a revised energy taxation directive and promote greater cooperation between member states. News http://www.internationaltaxreview.com/?Page=9&PUBID=210&SID=724858&ISS=25585&GUID=A25E24F4-3829-4A3E-9F83-5C0EA2C806BE UK Revenue takes latest round of FII litigation The Court of Appeal in London has handed HM Revenue and Customs (HMRC) a big win in the Test Claimants in the Franked Investment Income Group Litigation Order (FII GLO) on February 23. News http://www.internationaltaxreview.com/?Page=9&PUBID=210&SID=724853&ISS=25585&GUID=30B5BA8E-19D8-4485-AC8D-33497153DC52 Shay denies US is isolated on international tax A senior international tax official at the US Department of the Treasury has defended the administration's 2011 budget proposals from the charge that the US system reflects a policy of "tax exceptionalism and isolationism". News http://www.internationaltaxreview.com/?Page=9&PUBID=210&SID=724847&ISS=25585&GUID=BEB58664-C258-49B0-B596-F4D62C0531C8