All material subject to strictly enforced copyright laws. © 2022 ITR is part of the Euromoney Institutional Investor PLC group.

What you have missed on ITR Premium

itrpremiumlogo2.jpg

The latest developments in China’s VAT regime; how to survive a French tax dispute; and what the future holds for the US manufacturing sector under proposed tax reform were just three articles that appeared on ITR Premium last week.

COMPLIANCE MANAGEMENT

us20flag2.jpg

Two new FATCA reporting models unveiled
The US Treasury has published details of its intergovernmental agreement on the implementation of FATCA. Taxpayers can now benefit from greater compliance flexibility.


CORPORATE TAX

olympics.png

Olympics sponsors waiving tax exemption highlights transparency focus
As the focus on the tax arrangements of large corporations continues to grow, the waiving of corporate tax breaks by sponsors of the London 2012 Olympic Games is a sign that companies are beginning to treat tax transparency more and more seriously.

madeinusa.jpg

How manufacturing will be affected by US tax reform
In the latest of a series of hearings looking at comprehensive reform of the US tax code, the Ways and Means Committee last week assessed the issue of reform and its impact on the manufacturing sector, with manufacturers disagreeing over which tax breaks they would be willing to give up to accommodate a lower corporate tax rate.

INDIRECT TAX

Flag of the People's Republic of China

China’s State Council confirms expansion of VAT pilot
Seven months after Shanghai became China’s first city to roll out the country’s VAT pilot regime, the State Council has announced the program’s expansion to include 10 more cities and provinces.

littlewoods2.jpg

ECJ leaves UK High Court to settle Littlewoods VAT case
Robert Waterson of Dorsey & Whitney asks if we are any clearer on how to claim interest on overpaid VAT following the ECJ Littlewoods judgment.


TAX DISPUTES

france20flag.jpg

How to survive a French tax dispute
France’s recently elected Socialist government has already announced new tax policies aimed at large companies, with changes to anti-abuse and controlled foreign company rules likely to lead to more tax authority challenges next year.

ecj22.jpg

FII group Litigation opinion opens door for ECJ ruling reversal
An Advocate General of the European Court of Justice (ECJ) has released an opinion that gives the court the option of reversing its original decision in the Franked Investment Income Group Litigation Order (FII) case.

 

More from across our site

Japan reports a windfall from all types of taxes after the government revised its stimulus package. This could lead to greater corporate tax incentives for businesses.
Sources at Netflix, the European Commission and elsewhere consider the impact of incoming legislation to regulate tax advice in the EU – if it ever comes to pass.
This week European Commission officials consider legal loopholes to secure minimum corporate taxation, while Cisco and Microsoft shareholders call for tax transparency.
The fast-food company’s tax settlement with French authorities strengthens the need for businesses to review their TP arrangements and documentation.
The full ALP model will be adopted through a new TP regime, which is set to boost the country’s investments and tax certainty.
Tax professionals have called on the UK government to reconsider its online sales tax as it would affect the economy at the worst time.
Tax professionals have called on companies to act urgently to meet e-invoicing compliance targets as the EU plans to ramp up digitisation.
In the wake of India’s ambitious 25-year plan for economic growth, ITR has partnered with leading tax commentators to discuss what the future will look like for India and for the rest of the world.
But experts cast doubt on HMRC's data and believe COVID-19 would have increased the revenue shortfall.
EY’s plan to separate its auditing and consulting businesses might lessen scrutiny from global regulators, but the brand identity could suffer, say sources.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree