This content is from: Direct Tax Think-tank calls for UK VAT reform The UK government should abandon zero and reduced rates of VAT to raise revenue during the recession, a think-tank has said. January 30 2009
This content is from: Direct Tax Companies choose stability over low tax rates when locating business activities Companies thinking about leaving the UK are more concerned about the stability of the country they move to rather than a low effective tax rate, said a report from KPMG. January 29 2009
This content is from: Direct Tax Minister rules out UK tax reform The UK government is not planning to satisfy British business by cutting corporate tax aggressively. January 29 2009
This content is from: Direct Tax Report shames British banks for using tax havens British banks had more than 1,200 subsidiaries located in tax havens in 2008, says a report by a leading trades union group. January 29 2009
This content is from: Netherlands Pension funds in EU member states set to receive substantial rebates UK pension funds are set to receive a €100 million ($130.6 million) rebate from the Dutch tax authorities following a legal challenge brought against them by KPMG on behalf of Strathclyde Pension Fund. January 29 2009
This content is from: European Union EU proposes new rules for VAT invoicing to help tackle fraud The European Commission adopted a proposal on January 28 simplifying, modernising and harmonising VAT invoicing rules. January 28 2009
This content is from: Cuba UK agrees to information exchange with Guernsey The new tax information exchange agreement (TIEA) between the UK and Guernsey, which was signed in London on January 20, covers pension schemes, investment schemes, information on nominees and trusts. It amends the pr... January 27 2009
This content is from: United States Geithner sets out administration's tax priorities President Obama's nominee for secretary of the Treasury told senators at his confirmation hearing that the administration wants to simplify the tax system. January 27 2009
This content is from: United States US firms use tax havens Eighty-three of the 100 largest publicly traded US companies had subsidiaries in multiple tax havens in 2007, said a report by the US Government Accountability Office (GAO). January 27 2009
This content is from: Hungary Hungary to turn to VAT hike VAT rates in Hungary look set to be raised as the country braces itself for a substantial budget deficit in 2009. January 27 2009
This content is from: United States Court confirms Textron case The US First Circuit Court of Appeals has confirmed the judgment in the important Textron case, delivering a blow to the Internal Revenue Service (IRS). January 27 2009
This content is from: United States Vote to find North America's most admired tax directors International Tax Review is conducting a poll to find the 10 most admired tax directors in North America. January 27 2009
This content is from: European Union Tax professionals scrutinise Commission's measures to fight VAT fraud The European Commission has told tax advisers, tax authorities and business representatives that only 13 out of 27 member states are actively cooperating in EUROFISC, a European network for closer operational cooperat... January 26 2009
This content is from: India Vodafone loses again but case is not over The Delhi Supreme Court has rejected a Vodafone appeal in an action over a tax bill from the company's acquisition of a controlling stake in Hutchison Essar in 2007 January 23 2009
This content is from: United States Textron wins in appeals court Textron has won a judgement in a US appeals court over the privilege attached to discussions it had with its advisers January 23 2009
This content is from: India Supreme Court to hear Vodafone/Hutch Essar appeal Vodafone has filed an appeal with the Delhi Supreme Court in India in tax litigation arising from its purchase of a stake in Hutchison Essar January 22 2009
This content is from: Singapore Singapore cuts business tax to boost economy The Singapore government has made a bold move to try and reduce the costs of doing business in the country in its 2009 budget . Despite being in a recession, the government has announced tax cuts and record levels of ... January 22 2009
This content is from: Direct Tax OECD's economists criticise high tax jurisdictions A report from the OECD has said high corporate tax rates reduce productivity and entrepreneurship. January 21 2009
This content is from: Direct Tax Cross-border investors struggle to claim tax treaty benefits An informal consultative group set up by the OECD has made a series of recommendations to overcome the legal and administrative barriers that stop the benefits of tax treaties from being effectively granted to collect... January 20 2009
This content is from: Estonia Common tax base plans on hold under new EU presidency In another setback to the European Commission's campaign to introduce a harmonised corporate tax base across the EU, the Czech Republic has said that plans for the initiative will not progress during its six-month pre... January 20 2009
This content is from: Direct Tax AstraZeneca fights HMRC over transfer pricing A tax dispute between global pharmaceutical firm, AstraZeneca, and HM Revenues and Customs (HMRC) has been deferred until April 2010, with the outcome of the case expected to have an impact on multinationals and their... January 20 2009
This content is from: Direct Tax OECD listens to restructuring debate Taxpayers, officials and practitioners can contribute to the debate on business restructuring at a conference in London on February 13, six days before the closing date for comments on the OECD's discussion draft. January 20 2009
This content is from: Lithuania Lithuania increases tax rates as recession deepens Countries such as the UK, Vietnam, Russia and South Korea have all cut taxes during the economic downturn, but Lithuania has taken the opposite view and increased them in its annual budget. January 19 2009
This content is from: United States Morgan Stanley looks for tax waiver Morgan Stanley is promoting a plan to the US Congress that would waive tax penalties on companies that borrow from their offshore units. January 19 2009
This content is from: Australia Australian tax disputes to speed up The Australian Tax Office (ATO) is attempting to resolve tax disputes with large corporations quicker and more efficiently amid criticisms that the office is too slow and uncommercial. January 16 2009
This content is from: Direct Tax Field Fisher Waterhouse steals Herbert Smith partner January 15 2009
This content is from: Thailand Thailand's finance minister rejects calls for a VAT reduction January 15 2009
This content is from: United States Alvarez & Marsal expands its US tax advisory division January 14 2009
This content is from: Canada Anti avoidance rule divides Supreme Court of Canada A seven-member panel of the Supreme Court of Canada has awarded the Canada Revenue Agency (CRA) a major general anti-avoidance rule (GAAR) win despite a rare 4-2-1 split among the judges. January 13 2009
This content is from: United States Citi battles with deferred tax headache Citigroup may struggle to use deferred tax assets as capital in its year-end earnings report. January 13 2009
This content is from: European Union Cartesio ruling has implications for EU exit taxes The European Court of Justice has ruled that member states must be careful not to interfere with freedom of establishment if it wants to place any restrictions on a taxpayer that wants to move to another member state. January 13 2009
This content is from: Japan Japan proposes cut to capital gains tax to lure foreign investment The Japanese government is considering scrapping capital gains tax for foreigners who invest in the country's companies through funds in a bid to attract more foreign investment. January 12 2009
This content is from: United States US taxpayer advocate calls for a simpler tax system The US's national taxpayer advocate has called for the country's tax code to be "substantially" simplified especially in these economically difficult times. January 12 2009
This content is from: Czech Republic Czech thin-capitalisation rules to change again The Czech Republic government has changed thin-capitalisation rules for the second time in a year. Amendments to the rules are part of wider reforms to the Corporate Income Tax Act. January 12 2009
This content is from: Norway 'Bad idea' to cut Norwegian corporate tax Lowering Norway's corporate tax rate has been described as 'not a good move' and 'never going to happen' by one of the country's leading tax advisers. January 12 2009
This content is from: Direct Tax UK proposes tax legislation to encourage North Sea investment The UK tax administration issued draft legislation on January 6 in a bid to encourage investment in the North Sea. January 09 2009
This content is from: United States Three guilty in KPMG tax shelter trial A US court has convicted two ex-KPMG executives and a lawyer of tax evasion in one of the biggest tax fraud cases ever. January 06 2009
This content is from: United States Obama proposes $300 billion tax breaks President-elect Barack Obama is working on an economic stimulus package that will include hundreds of billions of dollars worth of tax breaks for businesses, according to a transition official and Democratic aides. January 06 2009
This content is from: Kazakhstan Kazakhstan implements new tax code Kazakhstan has slashed its corporate income tax rate by 10 percentage points to 20% as part of a new tax code, which took effect on January 1. January 06 2009
This content is from: Direct Tax New year heralds tax changes As the world ushered in a new year, January 1 also saw the introduction of a number of new tax rules and legislations across various international tax jurisdictions. January 06 2009
This content is from: Hong Kong SAR Transfer Pricing Associates strengthens its Asia team January 05 2009
