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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 & shared bottom lb ros

More from across our site

DLA Piper’s co-head of tax for the US and Latin America tells ITR about her fervent belief in equal access to the law, loving yoga, and paternal inspirations
Tax expert Craig Hillier agrees with the comparison of pillar two to using a sledgehammer to crack a nut
The amount is reported to be up 57% from the £5.6bn that the UK tax agency believes was underpaid in the previous year
The US president also unveiled a new 50% levy on copper imports; in other news, a UK wealth tax proposal has been criticised by the Institute for Fiscal Studies
Wim Wuyts, who had been head of the specialist tax network since 2017, is moving on to a new role with WTS’s Belgian member firm
MNEs are increasingly using algorithmic tools in TP. Sahasranshu Dash argues that data ethics should therefore plug directly into the TP design process
The Institute of Chartered Accountants in England and Wales also queried whether HMRC resources could be better spent scrutinising larger entities
Grant Thornton’s Austria tax head likens his practice to an escape room, shares his football coaching ambitions, and explains why tax is cool
Awards
ITR is delighted to reveal all the shortlisted nominees for the 2025 EMEA Tax Awards
Awards
ITR is delighted to reveal all the shortlisted nominees for the 2025 Asia-Pacific Tax Awards
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