This content is from: Direct Tax HMRC clarifies avoidance rules New guidelines from HM Revenue and Customs (HMRC) in the UK are set to tackle the misuse of tax avoidance schemes. October 28 2008
This content is from: United States IRS will not release all corporate tax returns Calls for corporate tax returns to be made public have been rejected by Douglas Shulman, commissioner of the Internal Revenue Service (IRS). October 28 2008
This content is from: Netherlands The Netherlands and Saudi Arabia sign new tax treaty October 28 2008
This content is from: South Korea South Korea proposes a reduction in stocks taxation South Korea is considering a reduction in the amount of tax levied on stocks in a bid to stop the country heading into a recession, said the country's financial services commission. The move will have important implic... October 28 2008
This content is from: Direct Tax A quarter of UK companies avoid corporation tax, report says More than a quarter of the UK's 700 largest companies did not pay any corporation tax in 2006-2007, says a report by the House of Commons Public Accounts Committee. October 28 2008
This content is from: United States Corporations accept LILO/SILO settlements More than two thirds of the US corporations that received LILO/SILO settlement offers have accepted them. October 28 2008
This content is from: Switzerland Germany wants Switzerland on tax haven blacklist Switzerland may feature on a new OECD blacklist of tax havens after the German finance minster, Peer Steinbrueck, said the country's investment decisions encouraged some German taxpayers to commit fraud. October 21 2008
This content is from: United States IRS does not understand business say TEI members An almost unanimous vote slammed the IRS for not understanding businesses at the Tax Executives Institute's 63rd annual conference in Boston. October 21 2008
This content is from: Direct Tax CCCTB will damage UK economy, report suggests The European Commission's proposed common tax base would threaten the UK economy and harm its business environment, says a study by The Bruges Group, an independent all-party think tank. October 20 2008
This content is from: United Arab Emirates PwC launches Middle East global indirect taxes academy October 20 2008
This content is from: Austria European Court of Justice to review taxation of foreign portfolio dividends in Austria The European Court of Justice (ECJ) will decide whether Austria taxes foreign portfolio dividends conforms with the European Treaty after the referral of litigation on October 13. October 19 2008
This content is from: Denmark OECD report ranks Denmark as highest-tax country Denmark is the OECD's highest-tax country, says the organisation's latest annual revenue statistics report. It had the highest-tax-to-GDP ratio for 2007, with a rate of 48.9%. October 19 2008
This content is from: Russia Russia is making tax progress, but more needs to be done, report suggests. Leading companies in Russia are experiencing improvements in the country's tax regime but believe more needs to be done to sustain business growth, a survey has revealed. October 19 2008
This content is from: Ireland Irish budget delivers mixed news for business Ireland has boosted its appeal as a location for scientific development activity by increasing its R&D tax credit from 20% to 25% in its 2009 budget, announced on October 14. October 15 2008
This content is from: China China waits for new M&A tax rules The tax administration in China is debating a new set of rules for M&A tax. According to Alan Tsoi, head of M&A at Deloitte in China: "The rules will govern M&A deals regardless of size and should be made law within t... October 13 2008
This content is from: New Zealand New Zealand opposition party to remove tax credits Tax professionals have described New Zealand's National Party's plan to scrap the 15% tax incentive for R&D as 'negative' and 'very disappointing' for the country's ailing economy. October 13 2008
This content is from: United States Treasury eases rules to assist US companies The Treasury department has introduced tax relief measures to assist US companies unable to borrow money via traditional routes in the current economic turmoil. October 13 2008
This content is from: Norway Norwegian shareholders lose full participation exemption Norwegian companies are to lose 100% participation exemption under a new proposal set out in the country's budget for 2009. October 13 2008
This content is from: European Union EU meeting to discuss VAT cuts The European Commission is to produce a proposal for a directive to cut VAT rates in time for a finance ministers' meeting on November 4. October 13 2008
This content is from: Direct Tax Hartnett becomes permanent secretary for tax at HMRC October 13 2008
This content is from: Direct Tax Ali joins PricewaterhouseCoopers Legal tax litigation team October 12 2008
This content is from: Lithuania Luxembourg aims to eliminate withholding tax on dividends Luxembourg's budget for 2009, introduced into parliament on October 1, will reduce the corporate income tax rate and abolish withholding tax on dividends paid to recipients in countries that have a tax treaty with the... October 06 2008
This content is from: United States US bailout plan leans on tax Tax provisions included in the US Emergency Economic Stabilisation Plan will cost more than $100 billion over the course of 10 years and include changes to Subpart F rules, tax breaks for energy producers and relief f... October 06 2008
This content is from: United States Americas top talent triumphs at awards The big-four accounting firms swept the board at International Tax Review's third annual Americas Tax Awards at the Waldorf-Astoria hotel in New York on October 2. By Ralph Cunningham October 06 2008
This content is from: United States CSC settles IRS dispute CSC, a global leader in providing technology-enabled solutions and services has announced is has favourably settled a major IRS examination saving the company $900 million. October 06 2008
This content is from: United States Hurricane Ike victims offered relief The Internal Revenue Service has included companies among the taxpayers that can postpone their tax filing and payment deadlines because of the effect of Hurricane Ike. October 06 2008
This content is from: Netherlands Netherlands and UK sign new tax treaty The Netherlands and the UK have signed a new tax treaty aimed at avoiding double taxation, preventing fiscal evasion, facilitating exchange of tax information and assisting in tax collection. October 06 2008
