MNEs renew focus on CCO risks as HMRC steps up investigations Tax directors are turning their attention to the UK corporate criminal offence (CCO) rules to ensure they are compliant as the number of cases under review by HM Revenue and... By Alice Jones October 29 2020
Research suggests Europe’s largest banks continue to avoid tax Research by anti-corruption watchdog Transparency International EU (TI EU), carried out using country-by-country reporting (CbCR) data, suggests widespread use of profit shifting and tax havens among 39 of the largest... By Alice Jones October 27 2020
Six-fold cut in time spent on VAT compliance possible via technology Tax directors say they have reduced the time invested in VAT compliance by using internal macros, external software and robotic process automation (RPA). By Alice Jones October 26 2020
COVID-19 introduces additional M&A tax risks and benefits M&A deals are vulnerable to tax risks that have emerged because of COVID-19, including those caused by employees working from home. Yet government aid may offer benefits to savvy buyers. By Alice Jones October 19 2020
Systematic approach vital to manage BEAT, FDII and GILTI changes Tax directors should consider related-party payments, the BEAT waiver election and local selling structures when modelling the outcomes of the US base erosion and anti-abuse tax (BEAT), foreign-derived intangible income... By Alice Jones October 13 2020
Taxpayers can be prevented from protecting their tax data, rules CJEU EU member states can prevent taxpayers subject to a tax investigation from launching a direct action against an information exchange request to prevent their financial data being shared, the Court... By Alice Jones October 07 2020
US tax directors weigh up benefits and pitfalls of CARES Act MNEs should consider the drawbacks of incentives offered in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which include relaxing net operating loss (NOL) rules and changing the terms... By Alice Jones October 05 2020
Range of options open to MNEs as Russia amends DTAs Multinational enterprises (MNEs) can choose from a range of options to protect their businesses as Russia pursues amendments to its agreements on the avoidance of double taxation (DTAs) with treaty... By Alice Jones September 28 2020
Confusion and concern mounts in Asia over DST double taxation risks Some countries across Asia are levying digital services taxes (DSTs) in the form of both direct taxes and indirect taxes, which is creating confusion and greater risks of double taxation... By Alice Jones September 24 2020
Tax directors should educate colleagues and intermediaries for DAC6 success Tax directors in multinational enterprises (MNEs) should educate their colleagues and external partners who do not understand their responsibilities around the EU Directive on Administrative Cooperation (DAC6) to avoid disagreements... By Danish Mehboob & Alice Jones September 21 2020
