Quotes of the month

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Quotes of the month

"I found the President's tax proposals to be misguided. A $320 billion tax hike is the last thing we need. What we really need is to make our tax code simpler, flatter, and fairer, so we can create more jobs."

President Obama's tax proposals in his State of the Union address don't inspire Paul Ryan, chairman of the House Ways and Means Committee.

"The 2015 guidelines are not intended to be prescriptive. As such, taxpayers are to exercise their best judgment to determine the most appropriate time for preparing TP documentation within the above timeframe."

Inland Revenue Authority of Singapore clarifies what it expects from taxpayers in the way of transfer pricing documentation.

"Everything is working. We don't really have any difficulties."

Donato Raponi, head of the VAT Unit at the European Commission, tells International Tax Review that the new EU system for VAT payment is going well.

"Really? I'd like some of what Raponi's on please! Hallucinating! #EUVAT2015"

EU VAT Action (Twitter handle @euvataction) reacts to Raponi's comments in International Tax Review that EU VAT implementation is going well so far.
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More from across our site

Whether it be due to a fragmented advisory market or a rise in M&A, Italy’s frenetic hiring has not gone unnoticed by ITR’s Talent Tracker
The deal gives Azets 14 new partners and boosts its Swedish revenues to over $100 million; in other news, Svalner Atlas launched in Copenhagen
The tax technology company will be providing a free demonstration of its OTP software and offering best practice advice on whether to ‘buy or build’ on September 8
Johanes Glorinus Saragih of Indonesia’s Directorate General of Taxes outlines the nation’s delicate geopolitical situation, as it sits between a rock and a hard place with the US and pillar two
The law firm’s head of tax, trade and wealth management likens tax legislation to a complex puzzle, recommends a sturdy coffee mug, and explains why acronyms make tax cool
The global tax and accounting firm has appointed two experienced TP advisers from a New Jersey-based boutique
A lack of commitment from major jurisdictions and the associated compliance burden are obstacles facing the OECD initiative
Richard Gregg is no longer fit and proper to be a tax agent, said the TPB; in other news, MHA completed its acquisition of Baker Tilly South-East Europe
Recent Indian case law emphasises the importance of economic substance over mere legal form in evaluating tax implications, say authors from Khaitan & Co
PepsiCo was represented by PwC, while the ATO was advised by MinterEllison, an Australian-headquartered law firm
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