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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 delayThe 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 compliancePractitioners 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 attackThe 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 coalitionThe 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 NeedhamChris 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 disputeA 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 victoryBrazilian 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 across site & bottom lb ros

More from across our site

The forum heard that VAT professionals are struggling under new pressures to validate transactions and catch fraud, responsibilities that they say should lie with governments.
The working paper suggested a new framework for boosting effective carbon rates and reducing the inconsistency of climate policy.
UAE firm Virtuzone launches ‘TaxGPT’, claiming it is the first AI-powered tax tool, while the Australian police faces claims of a conflict of interest over its PwC audit contract.
The US technology company is defending its past Irish tax arrangements at the CJEU in a final showdown that could have major political repercussions.
ITR’s Indirect Tax Forum heard that Italy’s VAT investigation into Meta has the potential to set new and expensive tax principles that would likely be adopted around the world
Police are now investigating the leak of confidential tax information by a former PwC partner at the request of the Australian government.
A VAT policy officer at the European Commission told the forum that the initial deadline set for EU convergence of domestic digital VAT reporting is likely to be extended.
The UK government shows little sign of cutting corporate tax, while a growing number of businesses report a decline in investment as a result of the higher tax burden.
Mariana Morais Teixeira of Morais Leitão overviews Portugal’s new tax incentive regime designed to boost the country’s capital-depleted private sector.
Septian Fachrizal, TP analyst at the Directorate General of Taxes, outlines how Indonesia is relying heavily on the successful implementation of pillar one.