Canada earmarks additional funds for combatting tax avoidance Canada’s budget revealed an additional C$90.6 million ($70.4 million) is being added to the Canada Revenue Authority’s anti-tax avoidance efforts. Advisers expect this will increase the tax authority’s ability to... By Lena Angvik March 02 2018
Netherlands readies for crackdown on tax avoidance Dutch tax rulings are under scrutiny as the Finance Ministry recently revealed that errors were found in more than 70 confidential tax rulings with multinationals. By Lena Angvik March 01 2018
EU consultation discloses views on digital economy taxation The European Commission has now published the outcome of its public consultation on fair taxation of the digital economy. The survey shows the majority of stakeholders favours an international discussion... By Lena Angvik February 26 2018
South Africa takes aim at tax avoidance and thin capitalisation In the new South African budget, Finance Minister Malusi Gigaba drew attention to tax avoidance strategies, and vowed to crack down on excessive interest deductions and to strengthen tax authority... By Lena Angvik February 23 2018
Denmark rules benchmark essential in transfer pricing documentation A recent decision by the Danish Tax Tribunal showed that benchmark analysis with comparable parties is one of the most important elements to be included in transfer pricing documentation in... By Lena Angvik February 23 2018
EU digital tax rules could affect UK businesses post-Brexit The UK will need to decide on its approach to taxing the digital economy after Brexit. Adopting potential laws from the upcoming EU Commission’s digital tax proposal is one option,... By Lena Angvik February 22 2018
Fewer high-risk companies expected from ATO guidelines The Australian Taxation Office continues to seek closer engagement with large taxpayers as it releases guidelines for multinational companies to assess the risk of their related-party debt financing. By Lena Angvik February 16 2018
Multinationals seek to mitigate CbCR cyber risks Cyber security is among the top concerns for taxpayers and tax authorities as country-by-country reporting is being rolled out in more than 40 countries. By Lena Angvik February 15 2018
EU vies with OECD digital economy taxation proposal The EU and the OECD are both setting out proposals for how to best tax companies in the digital economy. While EU sources say the two proposals could be similar,... By Lena Angvik February 14 2018
Lack of grandfathering in diverted profits tax opens door for tough audits Corporates in the UK may see unexpectedly large bills if they are hit with a diverted profits tax charge, as the legislation does not grandfather pre-existing arrangements. By Lena Angvik February 12 2018
