This content is from: Why the US needs to pay attention to the CCCTB US multinationals are not yet aware of the CCCTB’s potential impact on their business, but they should be. Although the goal of the plan is to reduce the compliance burden for companies, it may not simplify taxation f... June 30 2011
This content is from: Beware of China’s tax anti-avoidance stance Gary James of BDO in Hong Kong outlines changes to the approach taken by China towards anti-avoidance and urges taxpayers to critically consider their structures and practices. June 30 2011
This content is from: Commission to proceed with financial transactions tax The European Commission has confirmed that a financial transactions tax (FTT) will be introduced as part of the financial structure for its political objectives in the next five years, the Multiannual Financial Frame... June 30 2011
This content is from: How the Commission sees the CCCTB Thomas Neale, head of the CCCTB Task Force in the DG Taxation and Customs Union of the European Commission, does not have an easy job as he is responsible for preparing the legislative proposal for the CCCTB. In an ex... June 30 2011
This content is from: CCCTB: the view from the member states Each member state of the EU has its own corporate tax system. Some claim this complexity is clearly contrary to the aims of a single market and that at this time there is a greater need for member states to work toget... June 30 2011
This content is from: Russia enhances opportunities for investors Since the beginning of 2010, Russia has been changing the shape of the Russian tax landscape for cross-border business. Julia Chernova, Evgeniya Chelysheva and Henri Prijot of Deloitte explain why these changes help m... June 30 2011
This content is from: Norway’s exit tax and cross-border mergers challenged The European Free Trade Association Surveillance Authority (ESA) has issued a reasoned opinion concluding that the Norwegian rules on exit tax for companies and cross-border restructurings are incompatible with the EE... June 30 2011
This content is from: Proposed amendments to Corporate Income Tax Act Jean-Paul van den Berg and Johan Vrolijk of Stibbe describe certain corporate income tax matters included in a recent policy paper on the Dutch tax system that could affect cross-border transactions. They also analyse... June 30 2011
This content is from: UK launches CFC consultation The Treasury today opened a consultation on rules for controlled foreign companies (CFCs) as part of the government’s aim to improve the UK’s competitiveness without harming the tax base. June 29 2011
This content is from: US Congress considers corporate repatriation tax holiday As the US government winds down before the July 4 Independence Day holiday, the idea of a tax repatriation holiday is gaining steam in Congress. June 28 2011
This content is from: Finland to introduce bank levy Finland’s newly formed government has agreed to introduce a levy on banks as part of an effort to ensure that the burden would be shared in any future bailout. June 27 2011
This content is from: European Commission intends to introduce financial transactions tax Jose Manuel Barroso, the Commission president, has suggested that it will proceed with legislation introducing a financial transactions tax (FTT). June 26 2011
This content is from: Transocean's lawyers defend company embroiled in Norway’s biggest ever tax scandal Transocean, the world’s largest offshore drilling company, has been hit with accusations that it dodged tax on NKr10 billion ($1.8 billion) of revenue. By Salman Shaheen June 26 2011
This content is from: Tax scheme designed to make Melbourne world R&D capital A new tax scheme could turn Melbourne into one of the world’s most attractive tax environments for R&D. By Matthew Gilleard June 23 2011
This content is from: Bermuda-Canada treaty to go into effect on July 1 Canada and Bermuda will sign a tax information exchange agreement (TIEA) to go into effect July 1. June 22 2011
This content is from: Costa Rica proposes tax reform and moves toward OECD white list Costa Rican President Laura Chinchilla has made tax reform a priority since starting her four-year term in February 2010, with a view towards improving transparency and encouraging foreign investment. Yet the tax refo... June 22 2011
This content is from: Brazil Senate issues tax breaks for nuclear energy Brazil’s Senate passed new tax incentives for nuclear power production on June 3. June 22 2011
This content is from: Effective audit management starts with “respect”, says panel Taxpayers need to treat external auditors with “great respect” despite the authorities having officials with “mixed abilities”, said a panel on effective audit management. By Jack Grocott June 21 2011
This content is from: Mining tax revenue controversy compounds Gillard’s problems There is more bad news for Australian Prime Minister Julia Gillard as the revenue from the MRRT has been exposed as likely to fall short of expectations. By Matthew Gilleard June 21 2011
This content is from: Finland to cut corporate taxes The new Finnish government, forged after two months of political wrangling, has promised to cut corporation tax by one percentage point. June 20 2011
This content is from: Exclusive: David Gauke announces his priorities for UK tax system David Gauke, Exchequer Secretary to the Treasury, is in charge of developing the UK’s tax policy. In an exclusive interview with Salman Shaheen of International Tax Review, Gauke defends this year’s budget and discuss... By Salman Shaheen June 20 2011
This content is from: Lords report on UK Finance Bill The House of Lords Economic Affairs Committee (HLEAC) has returned its report on the government’s taxation plans in this year’s Finance Bill. June 19 2011
This content is from: The UN versus the OECD: It’s not a football match Both the OECD and the UN are working to reform international tax rules, one representing the developed world; the other the developing nations. But, who will come out on top? June 16 2011
This content is from: Pakistan’s budget does not resolve distortions The Pakistani government has released this year’s budget, but advisers do not believe it has resolved distortions in the system. June 16 2011
This content is from: OECD’s Owens questions India over its tax treaty with Mauritius Mauritius’s tax advantages have meant it has long been popular on the route for foreign investment into India. June 16 2011
This content is from: Patent box raises questions for business The UK government wants to hear what businesses think about its patent box taxation regime, a senior official said today. June 14 2011
This content is from: Report suggests Australian carbon tax details as popularity falls further The Australian government’s climate adviser, Ross Garnaut, has delivered his final climate change report to the Prime Minister, Julia Gillard. With suggested details now tabled, companies could be one step closer to p... By Matthew Gilleard June 13 2011
This content is from: UK government promises action on tax and development Andrew Mitchell, the UK Secretary of State for International Development, told more than 1000 development activists in London, that the government will act on tax avoidance and that it is warming to a financial transa... By Salman Shaheen June 12 2011
This content is from: British business welcomes changes to patent box Business has responded favourably to consultation documents published by the UK government today on plans to introduce a patent box and reform R&D tax credits. By Salman Shaheen June 09 2011
This content is from: Canada readies for further corporate rate cut Canada’s Conservative Party is set to take advantage of the majority it won in a general election last month to cut the corporate tax rate from 16.5% to 15%. June 08 2011
This content is from: US presidential candidate pledges to lower corporate tax rate Republican presidential candidate Tim Pawlenty called for cutting the corporate tax rate to 15% and eliminating tax on capital gains, interest income and dividends on one of his first campaign stops. June 08 2011
This content is from: New stock exchange launches amid tax questions Trading began May 30 on the Mercado Integrado Latinoamericano (MILA) stock exchange, which allows cross-border trading between Peru, Colombia and Chile. Yet the three countries’ disparate tax laws may hinder investmen... June 07 2011
This content is from: Egypt proposes new capital gains tax to ease plight of poor Egyptian finance minister, Samir Radwan, has outlined a new capital gains tax (CGT) of 10% in the first draft budget since Hosni Mubarak was ousted by the February revolution. June 06 2011
This content is from: Pressure piles on tax havens at OECD forum in Bermuda The third meeting of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes showed a growing commitment to eradicate tax avoidance. June 02 2011
This content is from: HMRC issues draft guidance on CFC interim measures The UK tax authority has issued draft guidance on the controlled foreign company (CFC) interim measures. By Matthew Gilleard June 02 2011
This content is from: US corporate leaders voice opinions on tax law to Ways and Means committee The Ways and Means Committee, the body in the US House of Representatives responsible for drafting tax law, held a hearing Thursday in which US executives and tax experts gave their opinions on lowering the corporate ... June 02 2011
This content is from: European Anti-Fraud Office to investigate Glencore over tax avoidance allegations The European Investment Bank (EIB) has contacted the European Anti-Fraud Office (OLAF) over unusual findings in a draft desktop study of a Glencore subsidiary, Mopani Copper Mines. June 02 2011
This content is from: Brazilian exporters see faster, broader tax rebates Brazilian finance minister Guido Mantega signed an executive order May 25 to streamline and expedite tax rebates for exporters. June 01 2011
