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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

The companies have criticised proposals for the gig economy, while the UK and EU VAT gaps have fallen in percentage terms, and ITR speaks to a European Commission adviser about its VAT reforms.
Corporations risk creating administrative obstacles if the pillar two rule is implemented too soon, sources say.
Important dates for the Women in Business Law Awards 2023
The Italian government published plans to levy capital gains tax on cryptocurrency transactions, while Brazil and the UK signed a new tax treaty.
Multinational companies fear the scrutiny of aggressive tax audits may be overstepping the mark on transfer pricing methodology.
Standardisation and outsourcing are two possible solutions amid increasing regulations and scrutiny on transfer pricing, say sources.
Inaugural awards announces winners
The UN’s decision to seek a leadership role in global tax policy could be a crucial turning point but won’t be the end of the OECD, say tax experts.
The UN may be set to assume a global role in tax policy that would rival the OECD, while automakers lobby the US to change its tax rules on Chinese materials.
Companies including Valentino and EveryMatrix say the early adoption of EU public CbCR rules could boost transparency of local and foreign MNEs, despite the short notice.