This content is from: UK implements new treaty passport scheme One month since its introduction, David Gubbay of Dechert explains how the UK's new double taxation treaty passport scheme will increase efficiency for taxpayers, but only if they follow the guidelines. September 30 2010
This content is from: New Dutch-Japanese tax treaty means reduced withholding tax rates September 30 2010
This content is from: Challenges of China's double tax agreements Over the past 12 months the Chinese government has been keeping taxpayers busy with the release of a number of significant anti-avoidance tax circulars. Yongjun Peter Ni, Hao Jiang and Jiang Bian of White & Case in Ch... September 30 2010
This content is from: Middle East tax structuring and opportunities revealed Alex Cole, Sean Finn & Daniel Friel of Latham & Watkins highlight some of the important differences between various Gulf states, focusing on the GCC, as well as showing how the tax issues facing investors are changing... September 30 2010
This content is from: The future of falling corporate tax rates Corporate tax rates around the world have been falling for years and, despite the recession, a number of countries have announced further cuts. Salman Shaheen finds out if the trend is set to continue, or if the race ... September 30 2010
This content is from: The shifting winds of litigation Tax litigation has never been plain sailing. Appeals against revenue authority decisions are increasing and more cases are getting to court. Added to that, the economic downturn means tax authorities are trying to rec... September 30 2010
This content is from: FATCA clarification leaves many disappointed Taxpayers have been eagerly anticipating the release of new IRS guidance on FATCA since Congress enacted the new reporting regime in March. Erin Kelechava speaks with tax professionals and learns that for some taxpaye... September 30 2010
This content is from: Sponsored South Africa makes plans for voluntary disclosure programme Pravin Gordhan, South Africa's finance minister, announced the South African Revenue Service (SARS)'s intention to launch a voluntary disclosure programme (VDP) in his budget speech earlier this year. The VDP will be ... By ITR Correspondent September 30 2010
This content is from: Taxpayer face up to litigation Conflict has unfortunately been part of human life since time began. This is just as true in the tax market. Companies want to minimise the amount of tax they pay, while tax authorities want to collect as much as they... September 30 2010
This content is from: President Obama signs new international tax provisions into law September 30 2010
This content is from: International social security – not my department Francis Farrell and Charlie Ross of PricewaterhouseCoopers in Ireland outline why international social security is no longer a subject that tax directors should be avoiding. September 30 2010
This content is from: Tax Relief A monthly commentary on the notable facts, figures and goings-on in the tax world. Suitable items should be sent to taxrelief@euromoneyplc.com September 30 2010
This content is from: Australia waits on minerals resource rent tax After July's proposal that the Australian government will start taxing resource companies on their profits at a 40% rate, Denise Honey and Leon Mok of Pitcher Partners explain how politics and lobbying forced the gove... September 30 2010
This content is from: United States New winner at Americas Tax Awards Davis Polk & Wardwell won the award for North America tax firm of the year for the first time at International Tax Review's fifth annual Americas Awards in New York on September 29. PricewaterhouseCoopers won the awar... By Ralph Cunningham September 29 2010
This content is from: Ukraine to adopt tax code by late October Ukraine's long-awaited new tax code is expected by the end of October and a state budget is set to be drafted by the end of November, said the country's prime minister. September 27 2010
This content is from: Obama enacts new business tax incentives On September 27 President Obama enacted new legislation providing temporary tax incentives for US businesses. The Act includes revenue raisers such enhanced reporting requirements and penalty provisions to pay for the... September 27 2010
This content is from: OECD recommends Portugal shift to consumption taxes In an economic survey of Portugal, published yesterday, the OECD urged the government to shift the tax burden from labour to consumption as it attempts to stimulate growth. September 27 2010
This content is from: Deadline for submitting issues to IRS programme approaches The IRS is encouraging corporate taxpayers to suggest tax issues for the Industry Issue Resolution (IIR) programme by the September 30 deadline. September 26 2010
This content is from: Dutch government proposes corporate tax cut The Dutch government proposed a corporate income tax reduction of 0.5% on profits of more than €200,000 ($269,000) in its budget speech last week, which would bring the rate down to 25%. The corporate tax rate will re... September 23 2010
This content is from: UN calls for increased tax revenue to reduce poverty Leaders at the UN summit on Millennium Development Goals committed themselves to the goal of modernising poor nations' tax systems, by promoting more efficient tax collection and a broader tax base. September 23 2010
This content is from: Miller & Chevalier adds tax policy counsel Miller & Chevalier has hired Christopher Condeluci to join its employee benefits and tax practice in Washington DC. Condeluci served as tax and benefits counsel to the US Senate Finance Committee before joining the firm. September 21 2010
This content is from: IRS proposes latest UTP regulations The Internal Revenue Service (IRS) in the US has released proposed regulations which require select corporate taxpayers to attach a Schedule Uncertain Tax Position (UTP) statement to their income tax returns. September 20 2010
This content is from: Tax administrators highlight compliance as key to growth Tax commissioners have said that compliance, especially in international matters, is the key to fairer tax systems and increased revenue and will facilitate a return to robust economic growth. September 20 2010
This content is from: Tax transparency forum to start peer review programme The second meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes will be held in Singapore next week. September 19 2010
This content is from: Tobin tax divides Ecofin The European Council of Finance Ministers (Ecofin) meeting in Brussels last week failed to make progress in discussions on a financial transactions tax. September 12 2010
This content is from: Commissioners to discuss how to start joint audits A formal programme of joint audits by tax administrations may be on the way. September 12 2010
This content is from: Obama pushes international tax provisions to pay for business tax credits President Obama has proposed to expand and make permanent the popular research and development (R&D) tax credit for businesses as part of plan to sustain America's economic recovery. September 09 2010
This content is from: President Correa agrees to cut corporate tax rate in Ecuador Ecuador's president Rafael Correa agreed to a government proposal on August 31 2010 that would cut the corporate income tax rate by three percentage points in an effort to bolster what tax lawyers say is a see-sawing ... September 09 2010
This content is from: Vodafone loses India court battle The Mumbai High Court has ruled that that the country's tax authorities have the right to pursue Vodafone over its estimated $2 billion tax bill. September 07 2010
This content is from: UK scraps pre-budget report The UK chancellor of the exchequer has confirmed that the annual pre-budget report has been scrapped. September 06 2010
This content is from: Kazakhstan to double excise duty on crude oil Kazakhstan will double its export duty on crude oil to $40 per tonne in 2011. September 06 2010
This content is from: Japanese ministry proposes corporate tax cuts The Japanese Ministry of Economics, Trade and Industry (METI) has proposed a range of tax reforms including a five percentage point corporate tax cut and increases in environmental taxes. September 06 2010
This content is from: IRS clarifies its position on FATCA The IRS has issued guidance to taxpayers on how the tax authorities will interpret certain sections of the Foreign Account Tax Compliance Act (FATCA) that were enacted in the Hiring Incentives to Restore Employment (H... September 06 2010
This content is from: Illicit cigarette trade costs EU €10 billion annually Algirdas Šemeta, EU commissioner for taxation, has said the illicit tobacco trade cost the EU €10 billion a year in tax and duty losses, which impacts significantly on legitimate business interests. September 01 2010
This content is from: Treaty Passport Scheme in action HM Revenue & Customs' (HMRC) Double Taxation Treaty Passport Scheme became effective on September 1 2010. September 01 2010
