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  • Preventing base erosion - The great BEPS debate

    The political momentum for changing the international tax system has never been greater. The OECD’s work on issues concerning base erosion and profit shifting (BEPS) has been thrust firmly into the spotlight. As we await the organisation’s roadmap on addressing BEPS in July, Joe Dalton asks stakeholders on all sides of the debate: how should the international tax system be fixed, and what are the consequences for the multinationals operating within it?


  • Outcomes of World Bank panel’s doing business indicator review

    Tax is one of the 11 indicators used by the World Bank to assess the ease of doing business for small and medium enterprises (SMEs) in more than 180 countries. An independent panel created by World Bank President Jim Yong Kim released a report last month reviewing these indicators. Jeffrey Owens, director of the WU Global Tax Policy Centre at the Institute for Austrian and International Tax Law, examines the panel’s conclusions regarding the tax indicators.

  • Do tax treaties override domestic law in Africa?

    An understanding of the domestic limitation of benefit provisions applicable to the tax treaties entered into by some African jurisdictions is essential if transaction pitfalls are to be avoided, warn Leon Steenkamp and Stephen Hales, of Ernst & Young.

  • What taxpayers want from the Peruvian authorities

    Ramon Esquives Espinosa, head of tax processes in the management and tax advisory unit of BBVA’s finance area, explores the status of tax transparency in Peru in light of recent changes on tax authority assessment and looks at taxpayer concerns arising from the wider, aggressive campaign by SUNAT to increase tax collection.

  • Why tax is critical to fund distribution in Europe

    Mariano Giralt and Conor Begley of BNY Mellon explain why developing markets and expanding regulation, not to mention investor scrutiny, mean that investment managers and fund administrators cannot ignore tax when deciding on their distribution strategy.

  • Finding the next generation of tax director

    Cagla Bekbolet runs the financial officers’ practice at global executive search firm Egon Zehnder. Multinationals who use her to find their next tax director are, more and more, looking for a new kind of professional who can deal with the challenges presented by the demand for increased transparency and the need for the management of a company’s tax affairs to enhance, or at least, not harm, its reputation. Salman Shaheen speaks to Bekbolet to find out what new skills are needed and where they can be found.

  • The new UN TP manual for developing countries

    Michael Lennard, acting secretary, UN Committee of Experts on International Cooperation in Tax Matters, writing in a personal capacity, discusses the UN Practical Transfer Pricing Manual for Developing Countries, which was publicly launched on May 29.

  • The digital economy is creating a PE conundrum

    In the midst of base erosion and profit shifting (BEPS) and a call for corporate taxation to be hauled into the 21st century, the digital economy is a big focus for tax policy crafters. Sophie Ashley looks at the arguments surrounding the issue of digital permanent establishments (PE), and why some countries are keener than others to see the attitude to taxing them change.

  • US tax reform: The long and winding road

    The first half of 2013 has seen many jurisdictions the world over implementing tax reforms. Denmark, Finland, Norway and the UK are among those in Europe reducing their corporate tax rate, Portugal has outlined a tax reform plan and the Japanese business community is clamouring for a rate reduction. Few require action on the same scale as the US, though. But tax reform in the US must travel a long and winding road, and it is tough to see an end in sight. Matthew Gilleard assesses the state of play, looking at why progress has been so slow in the last six months and whether there are any signs the process will be expedited.

  • Top 10 triggers for an indirect tax audit in Europe

    Mike Roberts, managing director, corporate market for the tax & accounting business of Thomson Reuters looks at the major pitfalls companies operating in Europe should beware of if they want to avoid an indirect tax audit.

  • The pros and cons of Maharashtra's local body tax

    Abhishek Shah of Ernst & Young looks at the benefits and drawbacks of the Indian state of Maharashtra moving from Octroi to local body tax (LBT).

  • How EU-US trade deal will boost business prospects

    The Transatlantic Trade and Investment Partnership (TTIP) aims to cut or eliminate tariffs on all products traded across the Atlantic. Emma Powell looks at how the agreement will benefit businesses and what might stand in the way of the biggest trade deal ever negotiated becoming a reality.

  • What next for Brazil’s CFC rules?

    Three cases involving taxation on profits earned overseas were recently taken to a plenary session of the Brazilian Federal Supreme Court, but, despite taxpayers’ high expectations of a final position being delivered, the subject remains unsettled. Julio de Oliveira and Erika Tukiama, of Machado Associados, explain what the judgments did clarify and how the unanswered questions will be resolved.

News Analysis


Tax Relief

  • Tax Relief

    A monthly commentary on the notable facts, figures and goings-on in the tax world.

International Correspondents

International Correspondents