OECD publishes latest proposals regarding beneficial ownership The OECD has published proposals regarding possible revisions of the rules to determine the beneficial owners of dividends, interest and royalties. By Matthew Gilleard October 23 2012
Portuguese corporate taxpayers hit by austere budget changes Portugal’s draft 2013 budget, released last week, has sparked unrest and protest because of the extreme austerity measures it included. While most of the anger stems from individual taxpayer provisions,... By Matthew Gilleard October 23 2012
Shome discusses impact of expert committee report The report of Parthasarathi Shome and his expert committee, which recommended that retrospective application of the tax law should only be used in the “rarest of rare” cases has been... By Matthew Gilleard October 23 2012
Portugal reveals FTT plans in draft 2013 budget Portugal unveiled its draft 2013 budget on Monday amid protests from a dissatisfied public. The draft includes a proposal to introduce a financial transactions tax (FTT). By Matthew Gilleard October 17 2012
US VAT may be required to fund tax reform With both President Obama and Republican Mitt Romney advocating a corporate tax rate reduction, along with a raft of other changes to the tax code achieved in a revenue-neutral manner,... By Matthew Gilleard October 17 2012
China reveals tax incentives for foreign investors In a bid to attract new foreign investment, China has moved to mitigate the impact of the enterprise income tax (EIT) that is levied on companies by offering reduced rates... By Matthew Gilleard October 16 2012
Business Roundtable accuses Washington of letting business down John Engler, Business Roundtable (BRT) president and former Michigan governor, said yesterday that inaction from Washington leaders on corporate tax and other issues has caused uncertainty for businesses and stalled... By Matthew Gilleard October 16 2012
India’s Shome report: Retroactivity only in “rarest of rare” cases The recommendations of the Parthasarathi Shome-led committee regarding the validity and appropriateness of retrospective amendments to the Indian tax law in light of the retroactive law change following Vodafone, have... By Matthew Gilleard October 15 2012
US presidential candidates draw tax battle lines in live debate Last week’s live televised debate between President Barack Obama and his Republican challenger, Mitt Romney, saw moderator Jim Lehrer try to draw out for the electorate the differences between the... By Matthew Gilleard October 09 2012
Australia ratifies multilateral tax cooperation agreement Australia’s Assistant Treasurer, David Bradbury, has announced that the country has ratified the Convention on Mutual Administrative Assistance in Tax Matters. By Matthew Gilleard October 09 2012
