Treaties of the week - July 9 2012

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Treaties of the week - July 9 2012

Type of Agreement

Country

Country

Date Signed

Tax Information Exchange Agreement

Japan

Liechtenstein

July 5 2012

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Local experts suggest complexity within Italy’s tax system could explain why advisers lag behind their counterparts in other jurisdictions
The tie-up will add around four US and French-based tax partners to Herbert Smith Freehills’s international 17-partner practice
The government’s move is potentially the most seismic shift to VAT since it was first introduced, one expert argues
There has been a decrease in investigations known as Code of Practice 8 and 9 cases, it has been reported
The Caribbean country became the 149th member of the international treaty, which aims to combat illicit financial flows
Clients of audit services should also be disallowed access to firms’ other services, it was claimed; in other news, Ireland approves amount B
The ruling follows the Federal Court of Australia’s full court deciding in favour of the soft drink company in June
Sweeping changes are headed for Germany’s TP system in the New Year. Tax teams will need to be well-prepared, say Andreas Katz and Anna Kupprion of Kreston Bansbach
Local experts say the Tax Cuts and Jobs Act is due a revival after Donald Trump won the US presidential election
Slovakia increases VAT rate, Chile goes big on VAT reform and more
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