I join as the new editor of International Tax Review at a very exciting time.
The UK is beginning its battle to take on a European Union exit and come out on top. A new era of politics and taxation in the EU is upon us, with Brexit affecting a number of countries.
Meanwhile, tax reform proposals are coming thick and fast in the US and the much-anticipated GST system in India is expected to be approved in the coming months.
This month's cover story probes the UK's departure from the EU and how it will affect the tax landscape in the UK, Europe, and countries worldwide. The International Tax Review team examines the implications for corporate taxation and compliance, indirect taxation, future trade with the EU and the application of ECJ case law.
Elsewhere, in Europe, the LuxLeaks scandal ended with former PwC employees Antoine Deltour and Raphaël Halet being sentenced for theft, violating trade secrets and secrecy laws, as well as illegally accessing a database to obtain 28,000 documents. On page 42, we look at the timeline of events and what may be next for one of the biggest tax scandals in Europe, plus detailed reaction from a number or organisations campaigning for tax justice.
This has once again brought the debate of whistleblower protections to the attention of European Parliament members, who voted on a number of recommendations made by the Special Committee on Tax Rulings to protect whistleblowers, tackle tax evasion and avoidance, and crackdown on uncooperative tax jurisdictions, among others. See our commentary.
The European Commission's VAT Action Plan continues to make headway. We pick through the details to find out whether the proposals will create a heavier tax burden for businesses.
In other news, we explore the US tax reform blueprint that could give a welcome boost for businesses if the future president takes action to implement the most important measures.
We look at what foreign businesses in India should be considering now that the draft GST law was published for consultation.
This month's edition also features a special on the International Tax Review European Tax Awards, held in London on May 26. We look at the winners and nominees of this year's event.
Meanwhile, tax practitioners worldwide highlight the developments in their jurisdictions in International Updates, spanning Argentina and Indonesia's tax amnesties, Chile's GAAR, India's revised DTAs with Mauritius and Singapore, South Korea's look-through company rules and the US Medtronic case on transfer pricing.
Other special features in this month's bumper edition include the results of a BEPS survey, a look at how to handle surveys for intangibles and transfer pricing, an overview of New Zealand's tax bill on financing transactions and non-resident withholding tax, the Swiss government's withholding tax in collective investment schemes, and an examination of Sweden's tax treatment of the financial sector.
We hope this month's issue shines a light on the tax developments that threaten and enlighten our existence.
Anjana Haines
Editor, International Tax Review
anjana.haines@euromoneyplc.com
