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Compliance Management Archive

  • December 2014

    Common Reporting Standard grabs 2014 headlines

    December 19, 2014

    One event dominated the world of tax compliance and administration this year: the signing of the multilateral competent authority agreement in Berlin on October 29 to enable the Common Reporting Standard (CRS), the global standard for the automatic exchange of tax information, to operate.

  • Finance Bill gives UK tax authorities more weapons against reluctant taxpayers

    December 17, 2014

    The UK tax authorities expect taxpayers will spend about £200,000 ($314,000) annually to comply with UK rules on country-by-country reporting (CbCR).

  • Thomson Reuters honours Taxologists

    December 16, 2014

    Regulatory complexity and globalisation aren’t the only factors changing the landscape of tax.

  • China streamlines taxpayer services

    December 16, 2014

    China has been accelerating its fiscal and tax reforms in recent years. The central government is keen to establish a healthy fiscal and tax system to help optimise allocation of resources, establish a fair market playground, and ultimately achieve prosperity of the nation. Wang Jun, Minister of Taxation of the People's Republic of China, outlines how the government is achieving this.

  • The Global Tax 50 2014

    December 16, 2014

    Now in its fourth year, International Tax Review's Global Tax 50 provides a rundown of the who’s who of the tax world. One way or another, the individuals and organisations on this list have had an impact or influence on taxation that will be felt beyond, or outside of, the 12 month period covered by this list.

  • Ansip responds to EU VAT concerns

    December 16, 2014

    European Commission vice president for the Digital Single Market Andrus Ansip says that last-minute concerns about the EU VAT changes “should be listened to”.

  • Tax transparency applied to all is Odier message from Swiss banks

    December 16, 2014

    Defending the interests of the Swiss banking industry has not been the easiest challenge in recent years, particularly when it comes to tax. The role has fallen for the last five years to Patrick Odier, chairman of the Swiss Bankers’ Association (SBA), which has 317 institutional members and about 18,500 individual members. He talks to Ralph Cunningham of International Tax Review about some of the group’s objectives for 2014 and what it hopes to achieve next year.

  • Status of constitutional appeal against electronic record uploading in Mexico

    December 11, 2014

    On November 26 2014, the Mexican Supreme Court ruled, through a contradiction, that taxpayers should be granted a suspension for the obligation to upload their accounting records electronically until the constitutional appeal (amparo) against such obligation is decided.

  • China: You can download the latest edition of our guide now

    December 08, 2014

    The 4th edition of China - Looking Ahead is available as a downloadable pdf. It features articles on how China regards the BEPS project, the progress of the VAT reforms and what China expects from multinationals on transfer pricing.

  • UK is first to implement EU rules on reporting for extractive companies

    December 05, 2014

    Public oil, gas and mining companies in the UK will now have to report what payments they make to governments on a country-by-country and project-by-project basis, after the UK became the first member state to put reporting provisions of the EU Accounting Directive into its national law this week.

  • US Treasury clarifies position of jurisdictions with unsigned IGAs under FATCA

    December 04, 2014

    The US Treasury has responded to calls for clarity about the status of jurisdictions that have agreed in substance an intergovernmental agreement (IGA) with the US to implement the Foreign Account Tax Compliance Act (FATCA), but will not have signed it by the end of 2014.

  • Deferred taxes – the initial recognition exception (IRE) related to taxable temporary differences – what you should consider under IAS 12

    December 02, 2014

    The general rule is to recognise deferred tax liabilities for all taxable temporary differences, except to the extent that they are within the scope of the IRE mentioned in IAS-12.

International Correspondents