What you have missed on ITR Premium
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What you have missed on ITR Premium

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An exclusive interview with EU Commissioner Algirdas Šemeta, analysis of HP’s US Tax Court defeat and why this is bad news for banks, and why India is seeking a renegotiation of its Mauritius tax treaty were just three topics that dominated ITR Premium this week.

COMPLIANCE MANAGEMENT


Hong Kong seeks FATCA clarityBusinesses, financial institutions and the Hong Kong government fear the effects of new US tax compliance obligations.

Real-time information gets another boostThe UK tax authorities are growing increasingly confident about their real-time information (RTI) initiative.


CORPORATE TAX


India seeks Mauritius treaty reorganisationThe Indian government has long held the view that the India-Mauritius tax treaty is used by foreign investors to avoid capital gains tax payments in India, and the authorities are looking to alter its clauses, though not for the first time.

Obama unveils tax to-do list for CongressUS President Barack Obama is calling on Congress to enact a number of measures to encourage businesses to move back to the country.


INDIRECT TAX

Commissioner Šemeta still hopeful for an EU-wide FTTŠemeta explains why he has not given up on an EU-wide FTT, why it remains the best option for taxing the financial sector, and how it could work under enhanced cooperation.

ECOFIN cautiously support’s Commission’s VAT proposalsAt a meeting in Brussels this week, the Economic and Financial Affairs (ECOFIN) Council gave the green light to a number of the European Commission’s proposals to make the EU’s VAT system simpler, more efficient and more robust.


TAX DISPUTES

Hewlett-Packard’s court defeat is bad news for US banksThe US Tax Court has denied Hewlett-Packard the right to US tax deductions claimed as part of a scheme involving artificial generation of foreign tax credits. The judgment does not bode well for several banks involved in similar disputes.

Germany to clarify whether domestic law can override tax treatyThe German Federal Fiscal Court recently held that a treaty override by German tax laws might be unconstitutional. If the Federal Constitution Court disagrees, then taxpayers will need to safeguard that refund claims could be appealed.


more across site & bottom lb ros

More from across our site

There's a need for the advisory firm to capitalise on TP as a growth area, ex-Deloitte TP director Jeremy Brown has told ITR
Sanjay Sanghvi and Raghav Bajaj of Khaitan & Co provide a practical guide for foreign investors looking to capitalise on Indian’s investment potential
The newly launched Tax Responsibility and Transparency Index will assess the ethicality of companies’ tax practices against global standards and regulations
The reported warning follows EY accumulating extra debt to deal with the costs of its failed Project Everest
Law firms that pay close attention to their client relationships are more likely to win repeat work, according to a survey of nearly 29,000 in-house counsel
Paul Griggs, the firm’s inbound US senior partner, will reverse a move by the incumbent leader; in other news, RSM has announced its new CEO
The EMEA research period is open until May 31
Luis Coronado suggests companies should embrace technology to assist with TP data reporting, as the ‘big four’ firm unveils a TP survey of over 1,000 professionals
The proposed matrix will help revenue officers track intra-company transactions from multinationals
The full list of finalists has been revealed and the winners will be presented on June 20 at the Metropolitan Club in New York
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