What you have missed on ITR Premium

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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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