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COMPLIANCE MANAGEMENT

Increasing tax information exchange in developing countries
Tom Aston of KPMG asks whether greater powers of information exchange will really benefit tax authorities in developing countries.

CORPORATE TAX

Analysing the Canada-Australia DTA  
TREATY ANALYSIS: In July, Australia and Canada announced they are in the process of renegotiating the double tax avoidance treaty between the two countries.

Chidambaram’s comments put future of India’s DTC in doubt
India’s new Finance Minister Palaniappan Chidambaram has cast doubt over the future of the Direct Taxes Code (DTC), and now advisers say it may be permanently shelved.

INDIRECT TAX

Romney’s Paul Ryan pick sharpens US VAT debate
Now that Paul Ryan has been confirmed as Mitt Romney’s running mate in November’s US presidential election, the focus on his tax policy ideas will intensify dramatically. One of the more eye-catching features of Ryan’s 2010 Roadmap for America’s Future Act was the proposal to replace corporate income tax with an 8.5% consumption tax.

Commissioner Semeta discusses progress on EU indirect tax reform
EXCLUSIVE: It is a busy time for the European Commission with plans underway to reform the EU’s VAT system, introduce a financial transactions tax (FTT), anti-fraud measures and a one-stop-shop. Algirdas Semeta, commissioner for taxation, customs union, audit and anti-fraud talks to International Tax Review about the progress being made, the challenges ahead and his indirect tax plans for the future.

TAX DISPUTES

SABMiller fighting India over retrospective capital gains tax
Brewing multinational SABMiller filed a petition in Bombay’s High Court last month against the Indian tax authorities’ retrospective claims for unpaid capital gains tax, initiating a dispute that will ramp up the pressure on the government to overturn the retrospective amendments introduced in Finance Act 2012.

What taxpayers should know about South Africa’s litigation strategy
South Africa’s tax regime is undergoing significant reform. International Tax Review speaks with two of the country’s leading tax advisers to discover how taxpayers can avoid disputes and what strategy the South African Revenue Service (SARS) is likely to pursue in the near future.

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