What you have missed on ITR Premium

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What you have missed on ITR Premium

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How to survive an Indian tax audit; why taxpayers have not welcomed the EC’s Quick Reaction Mechanism; and how AIG is still benefiting from a controversial US tax benefit were just three articles that appeared on ITR Premium last week.


COMPLIANCE MANAGEMENT

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AIG benefits from controversial US tax benefit
AIG, the international insurance and financial services company, reported an increase in second-quarter profit last week, boosted by the use of a much-criticised tax benefit.

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The FATCA saga continues
Two weeks ago, the US Treasury issued a model intergovernmental agreement to improve tax compliance and to implement FATCA. Nathalie Grenewitz, of Bödecker Ernst & Partner, assesses the agreement.


CORPORATE TAX

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Denmark continues drive for tax transparency
The Danish government has introduced a new measure requiring companies to expose their tax information to the public via the tax authority’s website.

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TREATY ANALYSIS: Mexico-Barbados DTA
Barbados’ partial removal from the Mexican blacklist of tax haven jurisdictions has opened up new routes for investors, and the double taxation agreement (DTA) between the two countries also contains other advantageous provisions that have increased the tax planning opportunities available to companies.


INDIRECT TAX

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European Commission’s VAT Quick Reaction Mechanism criticised by taxpayers
The European Commission has proposed a Quick Reaction Mechanism (QRM) to allow member states to swiftly combat VAT fraud. Legitimate taxpayers are concerned, however, that it will add to their compliance burden.

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Indian GST could be delayed beyond 2014
One of the key figures behind India’s GST has said that it is unlikely to be rolled out before 2014. But advisers believe even this may be optimistic.


TAX DISPUTES

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Australia commits to improve alternative dispute resolution
Taxpayers can look forward to earlier, more cost effective dispute resolution after the Australian Taxation Office (ATO) agreed to several recommendations in a recent report published by the Inspector-General of Taxation (IGT).

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Tax directors’ guide to surviving an Indian tax audit
Navin Jain, head of India tax at Cairn Energy, and Jitendra Grover, head of India tax at Nokia, give their insight on facing a tax audit in India.

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More from across our site

The US president also unveiled a new 50% levy on copper imports; in other news, a UK wealth tax proposal has been criticised by the Institute for Fiscal Studies
Wim Wuyts, who had been head of the specialist tax network since 2017, is moving on to a new role with WTS’s Belgian member firm
MNEs are increasingly using algorithmic tools in TP. Sahasranshu Dash argues that data ethics should therefore plug directly into the TP design process
The Institute of Chartered Accountants in England and Wales also queried whether HMRC resources could be better spent scrutinising larger entities
Grant Thornton’s Austria tax head likens his practice to an escape room, shares his football coaching ambitions, and explains why tax is cool
Awards
ITR is delighted to reveal all the shortlisted nominees for the 2025 EMEA Tax Awards
Awards
ITR is delighted to reveal all the shortlisted nominees for the 2025 Asia-Pacific Tax Awards
The fates of pillars one and two hang in the balance after the US successfully threw its weight around in G7 and Canadian negotiations
Rafael Tena tells ITR about the ‘crazy’ Mexican market, ditching the hourly rate, and refusing to grow his fledgling firm in an ‘unstructured way’
It should be easy for advisers to be transparent about costs, Brown Rudnick partner Matthew Sharp said in response to exclusive ITR in-house data
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