Only one way out: Simplifying CFC regimes

July 10, 2019

The number of countries adopting controlled foreign corporation (CFC) regimes has complicated business operations and forced them to change. Danish Mehboob talks to taxpayers who are trying to avoid getting lost in the labyrinth of multiple tax risks and unexpected audits.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login

Tags

Poland Portugal Italy Direct Tax Croatia Compliance Management Slovenia Latvia France Slovak Republic Lithuania Luxembourg Denmark Romania Cyprus Czech Republic Finland Estonia Belgium Austria Spain Greece Germany Malta Sweden Feature Tax Technology Cover story Hungary Bulgaria Ireland Netherlands United Kingdom ITR Magazine July/August 2019

Danish Mehboob

Senior Reporter ITR

Danish reports on all matters of direct tax and BEPS. He covers a range of tax issues in these areas and what multinationals are doing to manage the tax burdens. Danish also specialises in tax technology and data management.

more across site & bottom lb ros

More from across our site

EU - pillar two.jpg

Analysis: NGOs and businesses find common ground on BEFIT

The BEPS Monitoring Group has found a rare point of agreement with business bodies advocating an EU-wide one-stop-shop for compliance under BEFIT.

Josh White, January 27, 2023

Australia’s DPT has been dismissed by many groups as simply a threat used to ensure proper TP analysis

This week in tax: PwC partner banned in Australia over tax leaks

Former PwC partner Peter-John Collins has been banned from serving as a tax agent in Australia, while Brazil reports its best-ever year of tax collection on record.

Josh White, January 27, 2023

Taxpayers face yet more EU scrutiny

Business groups raise TP concerns over BEFIT

Industry groups are concerned about the shift away from the ALP towards formulary apportionment as part of a common consolidated corporate tax base across the EU.

Josh White, January 26, 2023

OECD appoints Fabrizia Lapecorella deputy secretary-general

The former tax official in Italy will take up her post in April.

Josh White, January 25, 2023

Sponsored

Seismic shifts – ITR’s Asia Guide 2023 launched

With marked economic disruption matched by a frenetic rate of regulatory upheaval, ITR partnered with Asia’s leading legal minds to navigate the continent’s growing complexity.

Tom Baker, January 23, 2023

Closeup of the Downing Street sign in Westminster, London, UK.

Opinion: UK politicians have lost their tax ambition

Lawmakers seem more reticent than ever to make ambitious tax proposals since the disastrous ‘mini-budget’ last September, but the country needs serious change.

Josh White, January 23, 2023

Tax panel, Davos, Jan 2023.PNG

Davos panel exposes disagreements on two-pillar tax reform

The panel, the only one dedicated to tax at the World Economic Forum, comprised government ministers and other officials.

Ralph Cunningham, January 23, 2023

20th Annual CAF Conference Day 2

This week in tax: Colombia plans LatAm tax summit

Colombian Finance Minister José Antonio Ocampo announced preparations for a Latin American tax summit, while the potentially ‘dangerous’ Inflation Reduction Act has come under fire.

Josh White, January 20, 2023

OECD pillar one - 4.jpg

Analysis: Pillar one crucial for $200bn in tax revenue gains

The OECD’s two-pillar solution may increase global tax revenue gains by more than $200 billion a year, but pillar one is the key to such gains due to its fundamental changes to taxing rights.

Josh White, January 19, 2023

Viersen, Germany - January 9. 2022: Closeup of mobile phone with

Two-pillar solution will lead to more tax revenues, says OECD

The solution to address the tax challenges arising from digitalisation and globalisation will generate more revenue than previously estimated.

James Nurton, January 19, 2023