This content is from: Debate still continues on US carried interest Richard Zarin and William Zimmerman of Morgan Lewis & Bockius investigate why the US Congress is having such difficulty passing carried interest legislation. December 28 2010
This content is from: Working group proposes to shift Finnish tax burden to consumption The Finnish Ministry of Finance’s tax working group (TWG) proposed a number of reforms this week that would shift the tax burden from labour and corporations to consumption. By Salman Shaheen December 23 2010
This content is from: Policy Transition Group advises Australian government on resource taxation reform The body set up by the Australian government to advise it on the design and implementation of new taxes for the natural resources industry has recommended that Prime Minister Julia Gillard credit all current and futur... By Matthew Gilleard December 23 2010
This content is from: OECD report on revenue statistics plays up role of green taxes Declining economic activity coupled with tax cuts imposed to ease the effects of the recession have been put forward as reasons why tax revenues have fallen in most OECD-member countries for the third consecutive year... By Matthew Gilleard December 21 2010
This content is from: OTS releases interim report on reliefs The Office of Tax Simplification (OTS) last week released its interim report on its review of tax reliefs, allowances and exemptions for businesses and individuals. By Salman Shaheen December 20 2010
This content is from: New head of tax for USCIB Carol Doran Klein has joined the United States Council for International Business (USCIB), which represents America’s leading multinationals, as vice president and international tax counsel. By ITR Correspondent December 20 2010
This content is from: IOF reduction for private equity in Brazil likely Brazilian sources have informed International Tax Review that the government will soon enact a law which includes a reduction in the Financial Operations Tax (IOF) related to foreign investments. December 17 2010
This content is from: US corporations pleased that tax provisions in 9/11 Act are stalled in Senate The James Zadroga 9/11 Health and Compensation Act of 2010, HR 847, which provides healthcare relief to 9/11 first-responders, is causing grief for some corporate taxpayers. December 16 2010
This content is from: Hot money getting colder for US investors Tax practitioners believe another programme of quantitative easing (QE) for the US banking system will see more barriers such as Brazil’s IOF (Financial Operations Tax), being put up to prevent inflation, shutting out... December 16 2010
This content is from: UPDATE: Senate approves tax cut legislation The US Senate yesterday approved tax cut legislation crafted by the White House and Congressional Republican leaders. December 16 2010
This content is from: Magnifying the fine print in Toepfer Guillermo Teijeiro and Ana Lucía Ferreyra, tax partners at Negri & Teijeiro Abogados in Argentina, delve into the specifics behind the case of Administración Federal de Ingresos Públicos v Alfred C Toepfer Internacion... December 14 2010
This content is from: New levy makes UK banks happier The bank levy outlined in HM Treasury’s draft legislation for the Finance Bill 2011 last week has been welcomed by British banks as an improvement on previous proposals. By Salman Shaheen December 14 2010
This content is from: Japan Japan finally confirms corporate tax cut Japan will reduce its corporate tax rate by five percentage points to 35% from next April, in an effort to boost the country’s ailing economy. By Jack Grocott - ITR & Nagashima Ohno December 14 2010
This content is from: Saudi Arabia introduces participation exemption Saudi Arabia has sought to reduce the risk of double taxation by introducing participation exemption rules for the first time, though the order fails to clarify important details about how the rules will work, such as... December 14 2010
This content is from: China relaxes rules for technology enterprises The Chinese authorities have released a new circular that relaxes the recognition criteria for advanced technology service enterprises (ATSEs). By Jack Grocott December 13 2010
This content is from: Obama and Republicans agree to extend cuts The US Senate voted by 83 to 15 last night to quash a filibuster, opening the way for the approval of a bipartisan tax package agreed by President Obama and Republicans on December 6. December 13 2010
This content is from: UK publishes draft Finance Bill clauses The Treasury unveiled comprehensive proposals today to change the corporate tax system in Britain. December 09 2010
This content is from: Lack of consensus for Bowles/Simpson plan is no surprise The failure of the National Commission on Fiscal Responsibility and Reform to secure a supermajority vote on its debt reduction plan on December 3 illustrates the difficulty of the work ahead for those who want to tac... December 09 2010
This content is from: Tax protesters vow to continue action, despite new anti-avoidance measures UK Uncut’s protests, which occupied Vodafone and Topshop stores across Britain last weekend, are set to continue despite the government’s new measures to tackle tax avoidance. By Salman Shaheen December 07 2010
This content is from: Policy options create double taxation risk for financial services The three main options under discussion in Europe for taxing the financial sector create a risk of double taxation, a panel of tax specialists has said. December 07 2010
This content is from: CRA commissioner echoes OECD's zero tolerance and push for joint audits Linda Lizotte-MacPherson, commissioner and chief executive officer of the Canada Revenue Agency (CRA) made an appeal to Canada's tax lawyers to exercise more responsibility at the Canadian Tax Foundation's 62nd annual... December 02 2010
This content is from: Agencies turn tax avoidance spotlight on companies Development agencies have been lobbying governments and international bodies for years on the harmful effects of tax avoidance in the developing world. Now, as they turn their attention to the companies themselves, Sa... December 01 2010
This content is from: The blurring lines in tax planning A company’s obligation to its shareholders is to minimise tax and a government’s, to its people, is to close the tax gap. Where does that leave tax planning? Sophie Ashley talks to government officials, taxpayers and ... December 01 2010
This content is from: Technology targets tax risk reduction Bob Norton, chief income tax officer at Vertex, argues that taxpayers have to realise that enterprise technology will be a necessity if they want to cut the risk of tax exposure. December 01 2010
This content is from: Advisers are in the IRS’s crosshairs The Internal Revenue Service (IRS) has uncovered thousands of suspected tax cheats through their long investigation into UBS. Between similar probes into other international banks, a new disclosure programme, and incr... December 01 2010
This content is from: Tax Relief - December/January 2011 A monthly commentary on the notable facts, figures and goings-on in the tax world. Suitable items should be sent to taxrelief@euromoneyplc.com December 01 2010
