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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.
more across site & bottom lb ros

More from across our site

‘Go on leave, effective immediately’, PwC has told nine partners in the latest development in the firm’s ongoing tax scandal.
The forum heard that VAT professionals are struggling under new pressures to validate transactions and catch fraud, responsibilities that they say should lie with governments.
The working paper suggested a new framework for boosting effective carbon rates and reducing the inconsistency of climate policy.
UAE firm Virtuzone launches ‘TaxGPT’, claiming it is the first AI-powered tax tool, while the Australian police faces claims of a conflict of interest over its PwC audit contract.
The US technology company is defending its past Irish tax arrangements at the CJEU in a final showdown that could have major political repercussions.
ITR’s Indirect Tax Forum heard that Italy’s VAT investigation into Meta has the potential to set new and expensive tax principles that would likely be adopted around the world
Police are now investigating the leak of confidential tax information by a former PwC partner at the request of the Australian government.
A VAT policy officer at the European Commission told the forum that the initial deadline set for EU convergence of domestic digital VAT reporting is likely to be extended.
The UK government shows little sign of cutting corporate tax, while a growing number of businesses report a decline in investment as a result of the higher tax burden.
Mariana Morais Teixeira of Morais Leitão overviews Portugal’s new tax incentive regime designed to boost the country’s capital-depleted private sector.