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What you have missed in ITR Premium

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The UN’s proposed plans for a global carbon tax and FTT, why the ECJ has raised the threshold for denying EU companies VAT deductions, and how the UK rate cut has changed tax accounting procedures were just three articles that appeared on ITR Premium last week.


COMPLIANCE MANAGEMENT

weatherfordsmall.jpgWeatherford hires Parent for chief tax role

Weatherford, the oilfield services and equipment company, which has been trying to rectify serious tax accounting problems for the last two years, has a new head of tax.



uk4.jpgHow UK rate cut changes tax accounting

Now that the UK Finance Bill has passed its final stage in the House of Commons, the cut in corporation tax has implications depending on the accounting standards or principles a company uses.


CORPORATE TAX

india-mauritius.jpgMauritius finally agrees to rework tax treaty with India

The Mauritius government has agreed to renegotiate the provisions of its tax treaty with India, though it will not agree to measures that would harm the island nation’s economic interests.

magnifying20glass.jpgIllinois leads the way in corporate tax transparency

The US state of Illinois has stepped up efforts aimed at promoting and fostering transparency in the tax affairs of companies based there.


INDIRECT TAX

un.jpgUN proposes global carbon tax and FTT

In its strongest statement yet on progressive tax reform, the UN has called on countries to introduce a carbon tax and a financial transaction tax (FTT).


big-hungarian-flag.jpgHungary approves FTT, but turns its back on the Commission

The Hungarian parliament has voted to introduce a financial transactions tax (FTT) by an overwhelming majority, but it will not be following the Commission’s lead.


TAX DISPUTES

ecj.pngECJ ruling raises threshold for denying EU companies VAT deductions

The ECJ has issued a judgment that shifts the burden of proof onto tax authorities in instances where taxpayers are denied VAT credit.



russian20federation.jpgHow to manage a Russian tax dispute

Almost all tax audits in Russia result in some kind of adjustment by the authorities, meaning that disputes with the tax authorities come with the territory for companies operating in Russia.

More from across our site

Japan reports a windfall from all types of taxes after the government revised its stimulus package. This could lead to greater corporate tax incentives for businesses.
Sources at Netflix, the European Commission and elsewhere consider the impact of incoming legislation to regulate tax advice in the EU – if it ever comes to pass.
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.
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