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What you have missed on ITR Premium

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Coverage of International Tax Review’s Tax & Transparency Forum, GE’s Chris Needham on split-payments, and why the UK’s obsession with tax is under attack were just three of the topics that dominated ITR Premium last week.


COMPLIANCE MANAGEMENT Investment managers want FATCA delay
The trade body for the UK’s asset management industry has called on the US to delay the implementation of the Foreign Account Tax Compliance Act (FATCA).

Why HMRC is getting tougher about SAO compliance
Practitioners have welcomed the clarifications to senior accounting officer guidance, one of the UK tax authorities’ key compliance measures.



CORPORATE TAX Country-by-country reporting: panacea of pipe dream?
An ardent tax justice campaigner, an ex-cabinet minister and representatives from two of the largest companies in the extractive industry debated the merits of country-by-country reporting (CBCR) at International Tax Review’s Tax and Transparency Forum, unsurprisingly, the concept provoked mixed reactions.

UK obsession with tax under attack
The UK tax system has come under attack from taxpayers, protest groups and the general public alike. But the easy headlines of companies not contributing enough do not always depict an accurate representation of how things really are.



INDIRECT TAX South Korea’s carbon tax could prompt a regional emissions trading coalition
The South Korean Parliament has passed an emissions trading scheme (ETS) to be introduced in 2015, and Australian climate change campaigners say this strengthens the possibility of forming a regional trading coalition.

Business nervous of split-payment, says GE’s Needham
Chris Needham, global VAT/GST director of GE talks to International Tax Review about the biggest challenges he is facing at the moment, the policy proposals which will make life easier for VAT directors and those which may pose greater headaches.



TAX DISPUTES

How to win a US tax dispute
A US report claims that taxpayers are likely to lose tax disputes at the Supreme Court. Read the advice taxpayers need to know if they are to avoid being on the losing side.

Vale presents bond in CFC battle but remains confident of victory
Brazilian mining company Vale was ordered to present a bond to the Brazilian Federal Revenue Service (RFB) last week, but the company remains confident it will win its dispute over taxation of foreign profits.

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More from across our site

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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Businesses need to improve on data management to ensure tax departments become much more integrated, according to Microsoft’s chief digital officer at a KPMG event.
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Tax directors warn that a lack of adequate planning for VAT rule changes could leave businesses exposed to regulatory errors and costly fines.
Tax professionals have urged suppliers of goods from Great Britain to Northern Ireland to pause any plans to restructure their supply chains following the NI Protocol Bill.
Tax leaders say communication with peers is important for risk management, especially on how to approach regional authorities.
Advances in compliance tools in international markets and the digitalisation of global tax administrations are increasing in-house demand for technologists.
The US fast-food company has agreed to pay €1.25 billion to settle the French investigation into its transfer pricing arrangements over allegations of tax evasion.
HM Revenue and Customs said the UK pillar two legislation will be delayed until at least December 2023, while ITR reported on a secret Netflix settlement and an IMF study on VAT cuts.
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