Direct Tax

Archive: Direct Tax

This content is from: Hong Kong SAR

Hong Kong budget promises more international tax treaties
February 27 2009
This content is from: United States

Obama's budget signals reform of taxation of foreign earnings

US President Obama's budget request for the next financial year is projected to cost business $353.5 billion in higher taxes between 2010 and 2019.
February 27 2009
This content is from: New Zealand

New Zealand comes under pressure to cut corporate tax rate

The New Zealand government is expecting increased pressure from the international community to reduce its corporate tax rate
February 26 2009
This content is from: Bulgaria

Bulgarian tax provision breaches EC laws

The European Commission has requested that Bulgaria amends its discriminatory tax provisions, because it says they are in breach of EU rules on the free movement of capital.
February 24 2009
This content is from: European Union

EU leaders will push for tax haven sanctions at G20 summit
February 24 2009
This content is from: Denmark

Denmark postpones VAT payments
February 24 2009
This content is from: Australia

Review looks at Australian corporate tax cut

Australia may have to cut its corporate tax rate in an effort to increase economic growth and attract greater foreign investment, said Ken Henry, secretary to the Treasury.
February 24 2009
This content is from: Australia

PricewaterhouseCoopers hires Farronato
February 24 2009
This content is from: India

Indian government rethinks tax measures in interim budget

The Indian government has made a number of tax concessions after a stormy debate on the interim budget in Parliament today.
February 24 2009
This content is from: New Zealand

New Zealand announces budget date
February 24 2009
This content is from: Belgium

Commission criticises Belgium's notional interest deduction regime

The European Commission opened infringement procedures on February 19 against Belgium because it believes its notional interest deduction regime violates the free movement of capital and the freedom of establishment ...
February 24 2009
This content is from: European Union

EU and Switzerland crack down on indirect tax fraud

The EU and Switzerland have agreed that mutual legal assistance is essential in the fight against indirect tax fraud.
February 24 2009
This content is from: Direct Tax

UK & New Zealand suffer drop in tax revenues
February 23 2009
This content is from: Sweden

AB SKF judgement will have important implications for companies in the EU

Advocate general (AG) Mengozzi has issued his opinion in Skatteverket v AB SKF stating that AB SKF is unable to recover its input VAT from the transfer of shares as the transaction was VAT exempt under article 135. 1....
February 23 2009
This content is from: Hungary

Hungary raises taxes
February 19 2009
This content is from: Argentina

Argentina offers tax incentives to boost investment

The Argentine Congress has introduced a new law that will offer significant reductions in the tax liabilities of affiliates of multinationals
February 19 2009
This content is from: Direct Tax

Whiting takes new role at CIOT
February 19 2009
This content is from: India

India's interim budget fails to deliver on tax policy

India's interim budget failed to lower tax rates, despite the acting Finance Minister claiming that the rates 'must fall' to promote tax compliance in the country
February 18 2009
This content is from: Belgium

Belgium loses Cobelfret dividend case at European Court

The European Court of Justice (ECJ) ruled in the Cobelfret case last Thursday that Belgium had not implemented article 4 (1) of the EU Parent-Subsidiary Directive properly
February 18 2009
This content is from: United States

Energy tax incentives are substantive in US economic stimulus

The US economic stimulus package, which President Obama signed into law yesterday, includes the repeal of a controversial Internal Revenue Service (IRS) notice on tax losses, as well as significant renewable energy ta...
February 18 2009
This content is from: Direct Tax

Chancellor announces date for UK budget
February 12 2009
This content is from: Hungary

Hungary awaits news on VAT increase
February 10 2009
This content is from: United States

KPMG takes two from rivals
February 10 2009
This content is from: Direct Tax

National newspaper tackles tax avoidance debate

A national newspaper is probing the tax strategies of more than 20 major British companies in an investigation to determine the extent of tax avoidance by big business.
February 10 2009
This content is from: United States

US effective tax rate worries tax executives

Management of the effective tax rate and taxation of international operations are top concerns for US corporate tax executives, a report by a US law firm has said.
February 10 2009
This content is from: India

Indian industry calls for tax cut
February 10 2009
This content is from: Direct Tax

UK tax authorities rule internet intermediary service is not VAT exempt

A VAT tribunal (Leadx v HMRC) has ruled that an internet-based bidding system allowing brokers to buy and sell leads for potential customers was not within either the insurance or finance-related exemptions from VAT u...
February 10 2009
This content is from: Direct Tax

Deloitte sets up in Middle East
February 10 2009
This content is from: European Union

Commission opposes German law that gives tax breaks to venture capital firms

The European Commission has opened a formal investigation into planned German tax advantages for venture capital companies and individuals investing in target enterprises.
February 09 2009
This content is from: Direct Tax

Magisters opens office in Belarus
February 06 2009
This content is from: Direct Tax

R&D tax credits critical to British economy, says employers' group

The UK must retain and improve R&D tax credits during the recession for the benefit of the whole economy, the Confederation of British Industry has said.
February 04 2009
This content is from: United States

Senators approve economic recovery tax package worth $342 billion

The Senate Finance Committee voted 14 to 9 to approve a $342 billion "American Recovery and Reinvestment Tax Act."
February 03 2009
This content is from: Australia

Australia and Isle of Man agree to exchange information

Australia no longer considers the Isle of Man to be a tax haven after the signing of agreements between the two jurisdictions in London on January 30.
February 03 2009
This content is from: Spain

Latham & Watkins adds to transactional strength
February 03 2009
This content is from: Direct Tax

UK opposition calls for simpler tax system

The UK is in need of a 'dramatically simpler' tax system to improve the country's competitiveness and prevent corporate migration, said the opposition chancellor of the exchequer. George Osborne, of the Conservative p...
February 03 2009
This content is from: Japan

White & Case adds partner in Tokyo
February 03 2009
This content is from: Canada

Canada budget repeals controversial structuring move

The Canadian government has been forced into an embarrassing climb-down over a tax-efficient measure before it became effective.
February 03 2009
This content is from: Italy

Merger creates new Italian law firm
February 03 2009
This content is from: European Union

EU targets banking secrecy rules in fight against tax evasion

EU member states will no longer be allowed to invoke banking secrecy rules during tax evasion enquiries under new proposals from the European Commission.
February 03 2009
This content is from: Direct Tax

Tax professionals try to be positive about OECD and business restructuring

Imagine there are 30 adults from all around the world gathered in one room trying to come up with a common way forward on a contentious topic. Each person has his own agenda, a personal interest to protect and wants t...
February 02 2009
This content is from: India

Indian government gives the go ahead for Albania treaty
February 02 2009
This content is from: Belgium

Notional interest deduction remains an attractive tax feature
February 01 2009
This content is from: Hong Kong SAR

Singapore cuts business tax to boost economy
February 01 2009
This content is from: European Union

The aftermath of EU litigation in UK domestic law

Liesl Fichardt and Kate Ison from Berwin Leighton Paisner discuss how remedies from recent ECJ rulings will affect taxpayers
February 01 2009
This content is from: United Kingdom

Wood Group tax chief would scrap business tax

Chris Chatfield of Wood Group tells Georgiana Head of his radical plans for the UK tax system if he was chancellor of the exchequer
February 01 2009
This content is from: European Union

Common tax base plans on hold under new EU presidency
February 01 2009
This content is from: Canada

Tax professionals try to be positive about OECD and business restructuring

In September, the OECD issued a consultation paper on the transfer pricing aspects of business restructuring. Ahead of the deadline for submissions, Joanna Faith finds out how tax professionals have reacted to the draft
February 01 2009
This content is from: South Africa

Honiball leaves KPMG
February 01 2009
This content is from: Mexico

New protocol to the Mexico/Netherlands tax treaty
February 01 2009
This content is from: Germany

New provisions make accounting easier for international groups
February 01 2009
This content is from: Germany

Germany has own ideas on business restructuring

The Foreign Tax Act governs business restructuring in Germany. Stefan Greil of PricewaterhouseCoopers compares the legislation with the OECD discussion draft
February 01 2009
This content is from: United Kingdom

First steps towards a UK foreign dividends package

Brenda Coleman and Anne Powell from Allen & Overy in London discuss how the new UK foreign profits rules will affect taxpayers
February 01 2009
This content is from: Mexico

Amendments to tax treaty between Netherlands and Mexico
February 01 2009
This content is from: Guernsey

Timms takes the calm approach to UK taxation

Stephen Timms is the UK's tax minister. His responsibility, as financial secretary to the Treasury, for the strategic oversight of taxation is at a time when the global economy has gone wrong and corporations are look...
February 01 2009
This content is from: Sponsored

Portugal thinks again on financial instruments

A change to the taxation of swaps in the 2008 Budget damaged the Portuguese market. Pedro Cardigos and Sofia de Sousa Caetano of CARDIGOS report on the successful attempts to restore the previous situation
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February 01 2009
This content is from: Canada

Recommendations for changes to system of international taxation released
February 01 2009
This content is from: Jersey

PricewaterhouseCoopers recruits in Channel Islands
February 01 2009
This content is from: France

Ruling changes French tax consolidation regime

Nicolas Jacquot and Emmanuel Raingeard from Landwell & Associés explain what the ECJ's ruling in the Société Papillon case will mean for taxpayers
February 01 2009
This content is from: Australia

Australia joins global effort to combat tax havens
February 01 2009
This content is from: Argentina

Tax amnesty regime launched
February 01 2009
This content is from: Austria

Commission seeks to improve savings tax directive

The European Commission wants to amend the EU savings tax directive to prevent taxpayers escaping from their obligations. David Stevenson finds out why the changes are necessary and if they will go far enough
February 01 2009
This content is from: France

Interest cap proposals prove contentious

Draft legislation for a dividend exemption in the UK has been accompanied by complex suggestions on capping interest, explains Peter Cussons of PricewaterhouseCoopers
February 01 2009
This content is from: Direct Tax

Cross-border investors struggle to claim tax treaty benefits
February 01 2009
This content is from: Spain

New times for software distributors
February 01 2009
This content is from: Brazil

Provisional measure 449/2008 released
February 01 2009
This content is from: Cyprus

Definition of securities expanded and welcomed
February 01 2009
This content is from: China

Levying withholding tax on H-share dividends
February 01 2009
This content is from: United States

Obama sets out to transform tax system

Companies are urging new US President Obama to change the tax system to revive business. US taxpayers and advisers tell Catherine Snowdon what they want administration to do and what they think it can do
February 01 2009

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