Copying and distributing are prohibited without permission of the publisher

Indirect Tax

Indirect Tax archive
  • US digital giants worried about domino effect from French DST

    August 16, 2019

    Tax heads at Amazon and Facebook said France’s digital services tax (DST) adds uncertainty to an already ambiguous international tax environment because other countries can opt to undermine a multilateral solution too.

  • California’s VAT back tax ‘devastating’ for third-party sellers

    August 14, 2019

    California’s pursuit of back-taxes from third-party sellers on Amazon and other online marketplace sites risks bankrupting small businesses. Amazon is failing to accept responsibility, sellers claim, and it’s a worldwide problem.

  • What to expect at the IFA 2019 Congress

    August 09, 2019

    International Tax Review speaks to IFA President Murray Clayson about the prospects for “radical change” on digital tax and why the London Congress will focus on BEPS Action 4 and the challenges facing investment funds.

  • DSTs thrust into political limelight

    July 31, 2019

    As France’s digital services tax takes retroactive effect and the UK releases more details, tax heads spoke of a nightmarish cocktail of uncertainty and high politics.

  • UK gets a new PM and no tax certainty

    July 23, 2019

    Following Boris Johnson’s win in the Conservative leadership election British businesses have few assurances about the future of UK tax policy and the impact of Brexit.

  • Brazil issues ruling on tax treatment of 3D printing

    July 16, 2019

    The tax ruling issued by the Brazilian Federal Revenue Service on whether 3D printing should be classified as a manufacturing process for a business could mean retailers are liable for excise taxes.

  • France and the US clash over digital service tax plans

    July 12, 2019

    The US has ramped up its opposition to France’s digital services tax (DST) by opening an investigation into it, but French senators have defiantly approved the so-called ‘GAFA’ tax anyway.

  • EU customs head: businesses should embrace, not fear, change

    July 10, 2019

    Philip Kermode, the EU’s head of customs, says businesses must brace themselves for the modern era of customs, in which data flows are every bit as important as physical border checks.

  • Companies measure tax departments on their ability to cut risk, not effective tax rates

    July 10, 2019

    Managing tax risk is the most important metric by which tax departments are measured, with the more traditional target of lowering the company’s effective tax rate being less important to tax heads. However, CEOs seem to know little about tax KPIs and how, or why, they are chosen.

  • UK tax transparent funds: Five years on from the first launch

    July 10, 2019

    Five years after the launch of the first UK authorised contractual scheme (ACS) – also known as the UK tax transparent fund (UK TTF) – in 2014, there are 22 UK TTFs in the market, with 172 sub-funds amounting to billions of assets under management. Mariano Giralt, Christopher Mitchell and Gildine Cassou look at the scheme’s impact.

  • Action 1 and the virtual permanent establishment

    July 09, 2019

    Antonio Lanotte explores the BEPS Action 1 report and its influence on modern legislation including the UK’s diverted profits tax and India’s proposals for taxing the digital economy.

  • Facebook ups the ante for global cryptocurrency tax framework

    July 03, 2019

    The launch of Facebook’s Libra currency and discussions at the G20 Summit about financial fraud and tax evasion with digital assets has ‘lit a fire under policymakers’ to develop better regulatory responses.

  • Tax heads: DSTs are not illegal or discriminatory

    June 24, 2019

    A panel of tax experts surveyed by International Tax Review say digital services taxes (DSTs) are distortive and must be temporary – but few thought they were illegal or discriminatory.

  • EU changes VAT liability for transactions facilitated by digital platforms

    May 29, 2019

    Digital platforms have until December 2020 to prepare for changes introduced by the EU, which will require digital platforms to pay VAT on behalf of their non-EU sellers and on import of goods into the EU.

  • India looks to overseas examples for new e-invoicing regime

    May 28, 2019

    After revolutionising its tax system with the introduction of GST in 2017, India will take another big step forward by introducing e-invoicing. But will it be a case of evolution, rather than revolution, this time?

  • Africa leaps into automation for VAT collection on foreign suppliers

    May 28, 2019

    African countries are starting to amend legislation and upgrade their IT systems to allow them to charge VAT on imported services, writes Joe Stanley-Smith.

  • VAT e-invoicing uniformity would make our lives easier

    May 28, 2019

    Companies, advisors and software providers have spoken with one voice to implore countries in the EU and around the world to take a more uniform approach to digital VAT/GST reporting requirements, writes Joe Stanley-Smith.

  • The future of VAT – cross-border transactions

    May 28, 2019

    The European Commission (EC) has published details of its plan to reform the EU VAT system with regard to cross-border trade. Antonio Lanotte, a European senior finance manager and professional tax advisor, gives an overview of the plans, focusing on why we need a new VAT system, what will change, when it will change and what the consequences will be.

  • 2019 Asia Tax Awards: The winners

    May 28, 2019

    The winners of International Tax Review’s 2019 Asia Tax Awards have been announced.

  • What does the automated future hold for VAT advisors?

    May 28, 2019

    This was one of the questions raised at ITR’s recent Indirect Tax Forum (see page 26) in Italy and appears to reflect a common concern, particularly among more junior staff working in-house and in consulting.

  • A new chapter in Brazil’s tax reform

    May 24, 2019

    A new Brazilian proposal for tax reform, which is extremely important for the country’s development, is under discussion.

  • What taxpayers want from India’s GST 2.0

    May 21, 2019

    India is undergoing a general election and the future success of the country’s goods and services tax (GST) depends heavily on its outcome and how the new government delivers on the industry’s wishlist for a better GST, say taxpayers.

  • US tax experts: Platforms must expect to collect sales tax

    May 20, 2019

    Although federal legal precedent is yet to be established, a liability on platform providers to collect sales tax is rapidly becoming the de facto law of the land, experts told International Tax Review.

  • As EU countries get a grip on VAT fraud, companies brace for higher compliance costs

    May 13, 2019

    Companies in the EU are worried that their compliance costs will increase as tax authorities move to close their VAT gaps and clamp down on fraud, after a recent investigation estimated that carousel fraud is costing EU member states €50 billion ($56 billion) a year.

Click here for more articles
International Correspondents