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What you have missed on ITR Premium

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What the future holds for Japan's indirect tax system; the UK updating its CFC regime; and US lawmakers agreeing how to speed up tax reform were just three articles that appeared on ITR Premium last week.

COMPLIANCE MANAGEMENT

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Australia casts wide net for tax compliance risksThe Australian Tax Office's (ATO) annual Compliance Programme has no shocks for large businesses, but that does not mean they can be complacent about the topics that the authorities have identified as particular risks.

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IFF settles Spanish tax deductions disputeInternational Flavors & Fragrances (IFF) has announced that it has reached a settlement with the Spanish tax authorities regarding income tax deductions.


CORPORATE TAX

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UK updates CFC excluded territories exemptionThe UK Treasury has revised the draft regulations for the excluded territories exemption (ETE) of the controlled foreign companies (CFC) regime.

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US lawmakers agree in how to speed up tax reformUS lawmakers have passed a Bill to expedite tax reform procedural issues in 2013. The Bill will provide a fast-track procedure for enacting tax reform, if the reform proposals meet certain requirements.


INDIRECT TAX

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Japan's indirect tax system hangs in the balanceAfter intense wrangling, the Japanese parliament has finally approved plans to double consumption tax. But it may cost Prime Minister Yoshihiko Noda his job.

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ECJ beginning to recognise problem of penalties and interest on VAT errors, says GE's NeedhamTaxpayers are angry over the unfair enforcement of interest on old VAT errors even when there has never been any loss to the exchequer. However there are signs things are changing.


TAX DISPUTES

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India's Supreme Court questions review of AAR rulingsIndia's Authority for Advance Rulings (AAR) remains unchanged under the Indian Income Tax Act despite a Supreme Court judgment questioning its status, argues Sanjay Sanghvi and Surajkumar Shetty of Khaitan & Co.

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Eaton's US Tax Court case could define obligations of parties to an APAMike Patton, of DLA Piper, explains why a pending US Tax Court case may help clarify the legal rights and obligations of the parties to an advance pricing agreement (APA).

more across site & bottom lb ros

More from across our site

The winners of the ITR Americas Tax Awards have been announced for 2022!
US technology company Cisco Systems hopes shareholders will reject a proposal to make its CbCR public, while the UK approves an extradition case connected to the ‘cum-ex’ scandal.
Tax leaders have warned that the latest UK interest rate increases could land a further blow on MNEs, which are already struggling.
Panellists said OTP can improve corporations’ forecasting and data usage, with one describing improvements as 'night and day'.
Digital services companies are increasingly selective about the countries where they register for VAT, basing their choices on revenues and risks of penalties.
The Women in Business Law Awards is excited to present the shortlist for the first Global Awards
Like medicine, tax is an evolving science. Norah Al Khalaf explains how tax policies have changed across the member states of the Gulf Cooperation Council and what tax departments should prepare for next.
The departing OECD director said countries’ sovereignty is crucial to pillar two while speakers questioned current tax policies.
World tax leaders and departing OECD director Pascal Saint-Amans said they would work increasingly hard to implement pillar two, during the IFA Congress.
This week the European Commission is facing opposition over its windfall tax proposal, while Tesla is considering moving production to the US over tax breaks.
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