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What you have missed on ITR Premium

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China extending its VAT pilot, an exclusive interview with the chief tax auditor at the Swedish Tax Agency, and analysis of the taxpayer victory in the FII GLO at the UK Supreme Court were just three articles that dominated ITR Premium last week.

COMPLIANCE MANAGEMENT

Swedish Tax Agency reveals compliance secrets
Börje Noring, tax auditor and national adviser at the large companies tax office of the Swedish Tax Agency (Skatteverket), talks to International Tax Review about the agency’s plans for the year ahead, the challenges it faces, inter-jurisdictional cooperation, and why Sweden has such high compliance rates.

James Hardie’s litigation victory helps bottom line
The Australian Taxation Office played a crucial role in the annual results of James Hardie, which were announced this week.


CORPORATE TAX

National Grid Indus case spurs new exit tax rules for Norway
The Norwegian government last week submitted its revised budget to parliament, with changes relating to exit taxes, all arising from the ECJ’s decision in National Grid Indus.

Tackling non-taxation: harmonization vs linking rules
Tax authorities are increasingly engaging with one another to fight double non-taxation, and as the European Commission’s consultation on the issue closes next week, there is debate over the best approach to adopt.


INDIRECT TAX

China extends VAT pilot: national roll-out expected soon
After a successful introduction in Shanghai, China is extending its VAT pilot to five more cities.

Why LVCR abuse may be unpoliceable
Despite the UK government’s decision to remove low value consignment relief (LVCR) on mail order products from the Channel Islands to prevent big offshore retailers exploiting a VAT loophole, the EU’s final importation rules may be making LVCR unpoliceable.


TAX DISPUTES

Taxpayer victory in FII GLO at UK Supreme Court
Six claimants in the Franked Investment Income Group Litigation Order (FII GLO) had their claims for corporation tax refunds reinstated today, after a UK Supreme Court ruling said retrospective legislation issued by HMRC was in breach of EU law.

CRA responds to TEI’s transfer pricing questions
The Canada Revenue Agency (CRA) recently released its responses to a series of transfer pricing questions posed by Tax Executive Institute (TEI) members at a liaison meeting in December in 2011.

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.
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