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What you have missed on ITR Premium


How Scottish Power’s US Tax Court victory could hamper the IRS, why Spain is increasing its VAT rate, and insight into why the G20 is not too excited about IFRS were just three articles that appeared on ITR Premium last week.


g20.jpgG20 goes no further than support for global accounting standards

Despite coming under pressure for a commitment to International Financial Reporting Standards (IFRS), the leaders of the G20 were low-key in their support for global accounting standards on June 18 and 19.

jamaica.jpgJamaican finance minister hints at FATCA agreement with US

Jamaica has become the latest jurisdiction to raise the possibility of concluding a bilateral agreement with the US to implement the Foreign Account Tax Compliance Act (FATCA).


irs3.jpgIRS & Treasury tighten rules on US firms moving to low-tax countries

Read why the IRS and Treasury have released new rules that make it harder for US companies to relocate to low-tax jurisdictions.

us20sen20fin20comm2.jpgUS Senate assessed impact of tax reform on energy policy

In the latest Senate Finance Committee hearing into US tax reform, the impact of reform on energy policy was assessed, with committee chairman Max Baucus saying it provides the energy sector with an opportunity to make real progress in securing future energy supply while also simplifying the tax code.


spain.jpgSpain set to take IMF’s advice and raise VAT

The IMF has recommended that Spain should raise its VAT rates, making an increase next year even more likely

uk4.jpgUK could challenge EU’s attack on energy efficiency VAT incentives

The European Commission has begun infringement proceedings against the UK for the reduced rate it applies on energy saving and heating products, but the UK might have a sound argument to challenge.


scottish20power.jpgHow Scottish Power’s US Tax Court victory could hamper IRS

The IRS may need to reconsider its position when challenging certain debt instruments after Scottish Power this week won its US Tax Court case over the tax deductibility of interest.

airtel.jpgIndian tax authorities “wrong” to target Airtel over customs duties

Indian telecommunications company Bharti Airtel has been ordered to pay Rs700 crore ($124 million) for alleged evasion of customs duties, but many tax professionals believe the treatment is un

More from across our site

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.
Multinationals are asking world leaders to put a scale on carbon pricing to tackle climate change at the 48th G7 summit in Germany, from June 26 to 28.
The state secretary told the French press that the country continues to oppose pillar two’s global minimum tax rate following an Ecofin meeting last week.
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