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World Cup? England have as much chance of winning that as the Asia Tax Awards!

As an Englishman, it's hard to be too optimistic about the upcoming World Cup. But, as a Southampton supporter, it's good to know that it probably won't be any more depressing than the regular football season was!

It's was a welcome break, therefore, to compile the pages of this month's International Tax Review cover story. They are bursting with happy faces, as partners and in-house directors from across the Asia-Pacific region celebrate the achievements of the year gone by. It's kind of like the opposite of the England team's post-World Cup debrief.

Of course, as is now customary, the Asia Tax Awards were held in tandem with our two-day Asia Tax Forum, and skilfully presented by ITR and TP Week managing editors Anjana Haines and Sonja Caymaz.

The Asia Tax Forum, as is the case with many of our events, is a great barometer for us as a team. It gives us the chance to reach out to subscribers and non-subscribers and see that the issues on their minds are the same as the issues we're covering. Seeing as some of the most discussed developments were the multilateral instrument, principal purpose test and digital taxation – three topics ITR has endeavoured to cover extensively on its website and in print – we came away happy, as well.

Also in this month's magazine, we have an exclusive interview with Tim Dyce of the ATO ahead of Australia's imposition of GST on low-value goods on July 1. Australia is the first country to take this step, and the eyes of the tax world will be upon them. While it's perhaps uncouth to comment on another nation's World Cup chances, given that the Socceroos' final group stage game is on June 26, at least it's unlikely that anyone there will have football matters to distract them from the task at hand.

We also have special features on transfer pricing from the Netherlands and Chile – perhaps people there have extra time on their hands this summer – and from Sweden. In addition, we have an update from our Mexican correspondents on the budding use of special purpose acquisition vehicles.

So, a final congratulations from me to the winners of our Asia Tax Awards, and I hope all readers enjoy this month's magazine, which is mercifully free from any more football talk.

Joe Stanley-Smith

Editor, International Tax Review

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More from across our site

An intense period of lobbying and persuasion is under way as the UN secretary-general’s report on the future of international tax cooperation begins to take shape. Ralph Cunningham reports.
Fresh details of the European Commission’s state aid case against Amazon emerge, while a pension fund is suing Amgen over its tax dispute with the Internal Revenue Service.
The OECD’s rules may be impossible for businesses to manage, according to tax experts from companies including Shell.
The UK government is now committed to replacing the ‘super-deduction’ with a 100% capital allowances regime to offset the impact of the corporate tax rise to 25%.
Corporate tax is set to rise in the UK for the first time in decades, but the headline rate remains historically low despite what many observers think.
President Joe Biden’s nominee is set to be confirmed as IRS commissioner for a five-year term.
British companies are waiting to hear the details of what will replace the 130% ‘super-deduction’ next week, while Spain considers stopping a major infrastructure company moving to the Netherlands.
President Joe Biden wants to raise corporate tax and impose a higher stock buyback tax on US businesses, but his budget proposal faces insurmountable obstacles in Congress, writes Ralph Cunningham.
EY is still negotiating the terms of the plan to split its audit and consulting functions, but the future of tax services is reportedly a sticking point.
Country-by-country reporting is the best option for safe harbour provisions under the global anti-base erosion rules, according to tax directors at companies including Standard Chartered Bank and Pernod Ricard.