All material subject to strictly enforced copyright laws. © 2022 ITR is part of the Euromoney Institutional Investor PLC group.

What you have missed on ITR Premium

itrpremiumlogo2.jpg

Insight into why Finland wants to introduce a financial transaction tax, why HMRC is in danger of discrediting UK taxpayer settlements, and how to get faster dispute resolution at the Tax Court of Canada were just three articles that appeared on ITR Premium last week.


COMPLIANCE MANAGEMENT

Accountants look for G20 commitment to IFRSg20.jpgThe G20 should commit to the adoption of International Financial Reporting Standards (IFRS) around the world and examine and improve how taxes are assessed and collected.



EFRAG questions proposal to amend IAS 12

The European Financial Reporting Advisory Group (EFRAG) is concerned that the International Accounting Standards Board (IASB) has not considered fully its proposed changes to IAS 12, which deals with accounting for income taxes.


CORPORATE TAX

What you need to know about the UK GAAR consultationaaronson.jpgWith the consultation document weighing in at 48 pages of technical detail, International Tax Review has done the hard work so you don’t have to, and highlighted the main features alongside analysis from leading advisers.

Dutch follow EU trend to restrict deductionnetherlands.jpgA Bill sent to Dutch parliament last week seeks to restrict interest expense deductions for debt used to finance qualifying participations.



INDIRECT TAX

Finland wants FTT, says foreign minister Erkki Tuomiojaerkki.jpgErkki Tuomioja, Finland's Minister for Foreign Affairs, has said the government wants to introduce a financial transaction tax (FTT), but not unilaterally

Colombia’s carbon tax to be first in Latin America

Colombia may become the first Latin American country to introduce a carbon tax in its forthcoming Tax Bill.


TAX DISPUTES

How to get faster dispute resolution at the Tax Court of Canada

tax20court20canada.jpgCanadian taxpayers can look forward to their tax disputes being resolved quicker by the Tax Court of Canada (TCC), if draft legislation released last week is adopted.

HMRC in danger of discrediting taxpayer settlements, warns NAOhmrc20small2.jpgTaxpayers are at risk of not getting the best deal when it comes to negotiating a tax settlement with HM Revenue & Customs (HMRC), after a report from the National Audit Office highlighted flaws in the tax authority’s governance procedures.



more across site & bottom lb ros

More from across our site

The UN’s decision to seek a leadership role in global tax policy could be a crucial turning point but won’t be the end of the OECD, say tax experts.
The UN may be set to assume a global role in tax policy that would rival the OECD, while automakers lobby the US to change its tax rules on Chinese materials.
Companies including Valentino and EveryMatrix say the early adoption of EU public CbCR rules could boost transparency of local and foreign MNEs, despite the short notice.
ITR invites tax firms, in-house teams, and tax professionals to make submissions for the 2023 ITR Tax Awards in Asia-Pacific, Europe Middle East & Africa, and the Americas.
Tax authorities and customs are failing multinationals by creating uncertainty with contradictory assessment and guidance, say in-house tax directors.
The CJEU said the General Court erred in law when it ruled that both companies benefitted from Italian state aid.
An OECD report reveals multinationals have continued to shift profits to low-tax jurisdictions, reinforcing the case for strong multilateral action in response.
The UK government announced plans to increase taxes on oil and gas profits, while the Irish government considers its next move on tax reform.
War and COVID have highlighted companies’ unpreparedness to deal with sudden geo-political changes, say TP specialists.
A source who has seen the draft law said it brings clarity on intangibles and other areas of TP including tax planning.