This content is from: US-Chile double tax treaty: effects or reduction of withholding taxes in other treaties June 30 2010
This content is from: Italy steps up evasion campaign Maricla Pennesi of DLA Piper analyses why the Italian tax authorities have become more aggressive recently in the fight against international tax evasion June 30 2010
This content is from: What effective tax rate lacks as a performance indicator The effective tax rate is flawed as a measure of the value created by a company's tax department, believes Rutger Hafkenscheid of VMW Taxand. He highlights a different way. June 30 2010
This content is from: Beware Circular 698 on indirect transfers Released only eight months ago, China's circular 698 caused much controversy as it gave the tax authorities the power to investigate transactions dating back to 2008 while requiring taxpayers to report any indirect tr... June 30 2010
This content is from: Congress blows whistle on economic substance When the US Congress codified the long-standing common law doctrine known as economic substance, many tax practitioners were not shy about criticising the move, expressing concern about the effects of this new law on ... June 30 2010
This content is from: What taxpayers should know about India's capital markets India's capital markets have grown rapidly in the last 10 years. It makes it more important than ever that investors should keep up with key regulatory and tax issues in the area, explains Sunil Gidwani of Pricewaterh... June 30 2010
This content is from: New exemption brings cheer for overseas employees A 60-day wage tax exemption for foreign employees working in the Netherlands is welcome news for multinationals, say Dorine Fraai and Roxanna Windzak of Horlings, a member firm of Nexia International June 30 2010
This content is from: IRS and Treasury intend to issue subpart F partnership blocker regulations June 30 2010
This content is from: South Africa joins competition for holding companies Its position as Africa's leading economy will make South Africa's proposed headquarter company regime appealing to foreign investors, believes Peter Dachs of Edward Nathan Sonnenbergs June 30 2010
This content is from: European heavyweights see common tax base as key to single market The report by Mario Monti into how to complete the EU single market lends some support to the plans of Algirdas Semeta, European commissioner for tax, for a common corporate tax base. Salman Shaheen spoke to both men ... June 30 2010
This content is from: Commission policy paper on relaunch of single market postponed until after summer June 30 2010
This content is from: FATCA update: New annual PFIC reporting rules/guidance on definitions and scope under C... June 30 2010
This content is from: Take off for tax A monthly commentary on the notable facts, figures and goings-on in the tax world. Suitable items should be sent to taxrelief@euromoneyplc.com June 30 2010
This content is from: European awards winners take their prizes The Alliance of Gleiss Lutz, Herbert Smith and Stibbe won the European Tax Firm of the Year for the first time at International Tax Review's European Tax Awards in London. June 30 2010
This content is from: Web seminar: Carried interest provisions in limbo The US Senate may have failed to pass legislation on the federal income tax treatment of carried interest before the Independence Day recess, but that does not mean lawmakers in Washington, DC will allow the issue to ... June 28 2010
This content is from: New Australian prime minister continues mining tax debate Australia's new prime minister has told the country's mining industry that it should "open its mind" to the possibility of a potential new 40% mining tax. June 28 2010
This content is from: Pendo Advisors adds transfer pricing specialist Pendo Advisors, a corporate finance and valuation advisory firm has announced the addition of managing director Dan Bourgeois. June 28 2010
This content is from: Tax professionals slam the GAAR Tax professionals have questioned the necessity of a general anti-avoidance rule (GAAR), mentioned in a document published by the government, following the emergency budget speech last week. June 28 2010
This content is from: Jersey unveils corporate tax options Jersey's long-awaited consultation document into its corporate tax system has finally been released and has given the government five options to consider. June 28 2010
This content is from: Pakistan seeks greater voluntary compliance The Pakistan government is seeking new ways to ensure greater levels of voluntary compliance amid falling tax receipts and widespread failure to file returns. June 27 2010
This content is from: Update: Senate kills tax extenders legislation Senate democrats failed to summon the 60 votes necessary to advance a vote on a jobs bill that would extend numerous tax cuts for businesses. June 24 2010
This content is from: Ukraine: Tips for investing in distressed loans in Ukraine Now is a popular time to buy distressed loans cheaply in Ukraine. However, there are many tax issues to consider, such as where to locate the corporate entities used to make the purchases, explains Igor Chufarov of Er... June 23 2010
This content is from: Russia: What transfer pricing reform means for financial services Russia's new transfer pricing rules could have a substantial effect on transactions in the financial sector, explains Alexei Kuznetsov of Ernst & Young June 23 2010
This content is from: Mexico: How Mexico taxes capital gains on certain share transfers The tax treaties that Mexico has renegotiated recently give a good overview of where it is positioned on the taxation of capital gains, believe Carlos Gradwohl and Claudia Solano of PricewaterhouseCoopers June 23 2010
This content is from: Switzerland: Switzerland keeps up with international developments Walter Boss and Stefanie Monge of Poledna Boss Kurer explain the significance of developments in Swiss taxation, such as litigation on translation gains and losses, changes to cantonal tax laws and the updating of dou... June 23 2010
This content is from: Germany: Private banking and the global tax transparency debate Hans-Ulrich Lauermann, of PricewaterhouseCoopers discusses a time of significant risk and opportunity for the German private banking market June 23 2010
This content is from: Japan: Parliament approves tax exemption for foreign bondholders The object of a bond tax exemption in Japan appears to be to expand significantly the global market for yen-denominated debt and debt-financing for Japanese issuers, reveal Michael Shikuma, Christopher Wells and Takeo... June 23 2010
This content is from: US: New laws will affect cross-border financing transactions The Hire Act introduces new US withholding tax provisions for taxpayers that fail to comply with new rules on tax evasion, explain Thomas Humphreys, Remmelt Reigersman and Armin Gharagozlou of Morrison & Foerster June 23 2010
This content is from: Chancellor announces corporate tax cuts A banking levy, balanced by a gradual cut in the company tax rate, a five-year plan to reform the corporate tax system and the possibility of a general anti-avoidance rule featured in the first budget of the UK's new ... June 21 2010
This content is from: Senate fails to move on extenders packages A jobs Bill that would extend expired business tax incentives has stalled in the US Senate. June 21 2010
This content is from: Ukraine's tax cut worries market Ukraine's new draft code, which plans incremental cuts to corporate tax to 17%, passed its first reading in Parliament last week. June 21 2010
This content is from: BREAKING NEWS: UK corporation tax to fall to 24% over four years One percentage point will be taken off the rate each year until 2014. June 21 2010
This content is from: UK unveils bank tax levy The UK today announced an annual tax on bank balance sheets in the emergency budget by the new coalition government. June 21 2010
This content is from: Australian government may compromise on mining tax The Australian government may compromise on the Resource Super Profit Tax (RSPT) in the face of widespread opposition from the mining industry and influential organisations. June 20 2010
This content is from: Calls go up for a price on carbon Speakers at International Tax Review's indirect tax forum in London on Wednesday criticised the EU for failing to ensure its environment taxation policy met its objectives. June 20 2010
This content is from: Amendments already planned for new trust law in Australia The Australian government has announced that it will be relaxing managed investment trust (MIT) rules weeks after new legislation was introduced to parliament. June 20 2010
This content is from: Isle moves to automatic exchange The Isle of Man parliament has confirmed that it will move fully to automatic exchange of information next year. June 17 2010
This content is from: UPDATE: DTC second draft released The Indian government yesterday has the second draft of the controversial Direct Tax Code. June 15 2010
This content is from: East African budgets bring tax changes Kenya, Tanzania and Uganda have all released budgets containing tax measures. Some aimed at stabilising the countries' tax systems by clarifying certain areas of tax and other changes are intended to improve revenue c... June 14 2010
This content is from: Hope and pain predicted for UK budget Taxpayers can look forward to the announcement of a five-year roadmap for cutting corporate tax when George Osborne, the chancellor of the exchequer, announces his first budget next week. June 14 2010
This content is from: Why green tax incentives could help government targets Global companies have said tax breaks would encourage them to invest in eco-friendly practices. June 14 2010
This content is from: Global taxes on financial institutions suffer setback Finance ministers from the G20 may have dashed the hopes of supporters of global taxes on financial institutions June 14 2010
This content is from: New tax measures follow Hungary's communication blunder The Hungarian government has announced an overhaul of the tax system, including an almost halving of the the corporate tax rate for small and medium-sized companies, after controversial remarks compared the country's ... June 13 2010
This content is from: Tax authorities' claim Vodafone warned of $2 billion tax bill The Indian tax authorities are claiming they advised Vodafone to pay tax on its $11.1 billion acquisition of Hutchison a month and a half before the transaction was concluded. June 10 2010
This content is from: IRS and OECD continue to prioritise compliance The IRS and the OECD's Forum on Tax Administration (FTA) plan to shift from a strategy of cooperation to one of bolder "coordinated joint action" between tax authorities as part of a broad initiative to enhance tax ad... June 09 2010
This content is from: Finance minister confirms tax code revisions India's finance minister has said that the second draft of the controversial Direct Tax Code has addressed a number of concerns, but it will not be available for public consultation for at least a month. June 09 2010
This content is from: Measures make it easier to obtain VAT status The Administration Measures on Recognition of General VAT Payers, which came into effect in March, has made it easier for companies in China to obtain general VAT status. June 07 2010
This content is from: Switzerland rejects UBS deal with US The Swiss House of Representatives today rejected a deal with the US government to disclose the details of 4450 wealthy American clients, suspected of tax evasion, to the US tax authorities. June 07 2010
This content is from: Kenya urged to cut taxes Kenya's government has been advised to reduce the country's corporate tax and VAT rates, increase personal allowances and introduce an environment tax to stimulate consumption and spur economic growth. June 07 2010
This content is from: Minister announces shift from GST to VAT The Pakistan finance minister has announced that the government will transform the country's goods and service tax into a value-added tax later this year. June 06 2010
This content is from: Japan's ruling party proposes tax cut Japan's ruling party, the Democratic Party of Japan (DPJ), plans to lower corporate tax as part of their campaign for the upcoming election in the upper house next month. June 06 2010
This content is from: Taxpayers and governments clash over tax planning The rise in aggressive tax planning and equally aggressive responses from governments the world over was top of the agenda at a conference in Copenhagen last week. June 06 2010
This content is from: OECD promotes Brazil & Indonesia to white list Brazil and Indonesia have substantially implemented the internationally agreed tax standard for transparency and exchange of information, according to an updated OECD progress report. June 03 2010
This content is from: Tax authority issues 761-page order in Vodafone case The Indian tax authorities have filed a 761-page order to support its claim that Vodafone is liable for a multi-billion dollar tax bill following its 2007 deal with Hutchison. June 02 2010
This content is from: International provisions in House extenders bill draw criticism The US House of Representatives passed the American Jobs and Closing Tax Loopholes Act (HR 4213) on May 28, thereby extending dozens of business and individual tax incentives through the end of 2009. June 02 2010
This content is from: Vinge adds to tax team Swedish law firm Vinge has strengthened its tax group with the addition of a new partner. Odile Fallenius joins from Linklaters and has brought with her three associates from the same firm. June 01 2010
