What you have missed in ITR Premium
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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 across site & bottom lb ros

More from across our site

Despite the relief, Brazil’s government has also presented a bill which seeks to re-impose a tax burden on companies’ payroll, one local tax specialist told ITR
Jeremy Brown arrives at the firm after a near 16-year career with Deloitte
PwC could elect a woman into the senior leadership position for the first time; in other news, KPMG Australia has extended its CEO’s term
The Senate report into PwC’s scandal is titled ‘The cover up worsens the crime’
Law firms that are conscious of their role in society are more likely to win work, according to a survey of over 23,000 in-house professionals
The firm’s tax business generated a quarter of HLB’s overall revenues in 2023
While successful pillar two implementation will require collaboration across all units, a combination of internal and external tax advice is at the centre of the effort
Binance has also been accused of manipulating foreign exchange rates via currency speculation and rate-fixing
Six individuals should have raised questions over information they received but did not breach professional standards, according to the firm
The partnership of KPMG UK has installed Holt for a second term as CEO and senior partner; in other news, a Baker McKenzie partner has sued the IRS
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