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  • EU: Harmony or discord?

    The economic downturn combined with pressure to tackle tax evasion and aggressive avoidance has intensified discussions of greater tax policy coordination within the EU. Emma Powell looks at how achievable EU tax harmonisation is and in what way it could impact businesses.


  • How to redefine the alphabet soup of international tax?

    Lesley Holstead, former tax controversy and transfer pricing strategist for a large multinational company, offers a simplified guide to some of the interlocking issues that led to the BEPS review.

  • Exploring the intricacies of the Argentina-Spain tax treaty

    The new double tax treaty between Argentina and Spain has been in place for more than two months, having been signed in March (with retrospective effect to January 1 2013) after the unexpected termination of the old accord. Guillermo Teijeiro, of Teijeiro & Ballone Abogados, looks at why the old treaty was replaced, and analyses the new agreement in the context of Argentina’s wider treaty network.

  • Catherine McKinnell plans new direction for global tax policy

    Opposition member of Parliament Catherine McKinnell is the Shadow Exchequer Secretary to the Treasury. If Labour win the next election, McKinnell could be the UK’s next minister for tax and her ideas on transparency and tackling avoidance in the UK and abroad may take global tax policy in a bold new direction. Salman Shaheen talks to McKinnell about where she believes the government is going wrong and what she would do differently.

  • Transparency, trade and tax: A G8 action plan

    Jeffrey Owens, the OECD’s former head of tax, and Mick Moore, of the University of Sussex, believe their 10 point action plan for the G8 summit this month could achieve fairer taxation of multinationals, improve tax transparency and help developing countries build up their tax capacity.

  • TP documentation through global value chain analysis

    In the March edition of the magazine, Johann Muller, a member of the Danish Competent Authority for transfer pricing (TP), wrote about the issues that need to be addressed when looking at examples 1 and 2 to Annex C of the OECD Base Erosion and Profit Shifting (BEPS) report. Now, he proposes a simplified transfer pricing documentation process for vertically integrated multinational enterprises (MNEs). Both articles are written on a personal level and do not reflect the views of the Danish government.

  • CMTC is all about information sharing

    The financial services tax industry is becoming increasingly organised and coordinated in the Asia-Pacific region. One industry group, which stands out in the region, is the Capital Markets Tax Committee (CMTC) Asia. Sophie Ashley speaks to the newly elected chairman and vice-chairman of the group, Jesse Kavanagh, head of tax (Asia-Pacific except Japan) for Nomura Securities, and David Weisner, US tax counsel for Asia Pacific at Citigroup.

  • Is the Duke of Westminster doctrine dead?

    Undeniably, the spotlight is increasingly falling on the tax affairs and tax payments of multinational corporations. While tax departments retain a duty to shareholders to minimise the tax liability, the debate around such tax strategies has evolved faster in the years since the global financial crisis than ever before. Matthew Gilleard analyses what this evolution means for today’s tax director.

  • Will the Asian century see the rise of indirect taxes?

    By 2025, four of the 10 largest economies in the world will be in Asia – China, India, Japan and Indonesia. Asia will account for approximately half of the world’s economic output. This is why the 21st Century is increasingly being recognised as the “Asian Century” – a period of sustained economic growth and prosperity, already taking place – and expected to continue throughout the region. Tim Gillis and Lachlan Wolfers of KPMG look at whether this growth will also see the rise of indirect taxes.

  • European Tax Awards 2013

    All of Europe’s leading advisers were present at the Dorchester hotel in London on May 15 for the ninth annual European Tax Awards dinner.

  • Roche Vitamins and Dell judgments highlight PE risks

    Juan Jose Terraza and Victor Bartels of Ernst & Young explain how two Spanish decisions should focus taxpayers’ attention on the design of limited risk arrangements

News Analysis


Tax Relief

International Correspondents

International Correspondents