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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Awards
The Social Impact Awards unveil new categories to reflect a changing legal and social landscape
Australia's approach to tax policy has undergone significant shifts in recent years, reflecting global trends and unique domestic considerations. These developments merit close attention from tax professionals
The UK has temporarily dodged the 50% rate due to a trade deal signed with the US in May; in other news, Ryan acquired a Northern Irish tax firm
Following a $28 million funding round, Aibidia wants to ‘double down’ on the US market via partnerships with the ‘big four’, the Finnish TP tech provider’s CEO tells ITR
The Luxembourg-based TP leader tells ITR about relishing the intellectual challenge of his practice, his admiration for Stephen Hawking, and what makes tax cool
The case to determine whether the tariff regime is constitutional will eventually find its way to the US Supreme Court, ITR has also heard
In other news, the Council of the EU pledged support to a CBAM simplification and exemption initiative, and Portugal issued new VAT filing guidance
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