US senators pile pressure on tax havens with more legislation Stricter US compliance against overseas governments and organisations that assist in tax evasion will get a step closer today if, as expected, the Senate passes the Surface Transportation Act. By Ralph Cunningham March 14 2012
How tax policy-making could be fixed Governments could do a lot more to improve how they formulate tax policy, including putting in place a recognised process of consultation with taxpayers. By Ralph Cunningham March 09 2012
The importance of research when looking for tax disputes advice Hiring the right external advisers can be one of the most difficult jobs for a tax department. By Ralph Cunningham March 05 2012
Tax ruling wipes out Essar's profits Essar Energy, of India reported a loss of $568.2 million for 2011 after a tax ruling that went against the company. However it is challenging the decision. By Ralph Cunningham February 29 2012
Weatherford makes progress with fixing its tax accounting Weatherford, an oilfield services and equipment company, has told investors that because of deficiencies in its income tax reporting, they should not rely on the company’s previous financial statements. By Ralph Cunningham February 22 2012
Tax assistance agreement adds Greece to its ranks As Greece struggles to fix the problems in its economy, today it signed an international tax agreement that could be a source of much-needed funds. By Ralph Cunningham February 22 2012
Proposed FATCA regs: reaction from around the world The proposed regulations for the Foreign Account Tax Compliance Act (FATCA) are evidence that the US Treasury has listened to financial institutions about the difficulty of implementing such complex legislation... By Ralph Cunningham February 15 2012
Facebook paid more than 35% US tax rate in 2010 and 2011 The flag dropped on the world’s biggest initial public offering of an internet company’s shares last Wednesday when Facebook lodged an S-1 form with the SEC. By Ralph Cunningham February 07 2012
Interpretation of new German rules adds to compliance for foreign holding companies The German Ministry of Finance has published an interpretative letter dealing with how the tax authorities intend to enforce revised anti-treaty shopping rules, which took effect on January 1. By Ralph Cunningham February 07 2012
New FATCA guidance to lift compliance burden The US government has listened to the concerns of financial institutions and practitioners about the implementation of the Foreign Account Tax Compliance Act (FATCA). By Ralph Cunningham January 30 2012
