This content is from: Canadian amendments focus on foreign mergers The Canadian Ministry of Finance has released a set of draft amendments for the rules affecting foreign affiliates. A significant portion of the proposed legislation concerns foreign mergers. August 31 2011
This content is from: China provides certainty on cross-border leases China has changed the rules for the grandfathering of exemptions on cross-border leases. By Jack Grocott August 29 2011
This content is from: Record profits could increase tax burden for Australian miners BHP Billiton has posted an Australian record for annual earnings of A$22.5 billion ($23.6 billion), almost doubling profits for the second consecutive year. This further evidence of the mining boom has led to Australi... By Matthew Gilleard August 29 2011
This content is from: Spain opts for temporary tax reform to achieve deficit reduction Spain has joined France in introducing a package of austerity measures in the last seven days, but how does the Spanish government’s approach to cutting the deficit differ from France’s? By Matthew Gilleard August 29 2011
This content is from: Levin-Grassley Bill revives questions over beneficial ownership A pending Congressional Bill puts the onus on states to acquire beneficial ownership information and reiterates the international debate over the scope of beneficial ownership. August 25 2011
This content is from: US campaigners renew pressure for repatriation of profits Pharmaceutical and high tech companies in the US have for months advocated a tax holiday that would allow them to repatriate profits held offshore. The House of Representatives will return from its summer break next w... August 25 2011
This content is from: France looks to tax measures for deficit reduction France revealed its latest attempts to allay investor fears over the country’s high debt and deficit levels on Wednesday, with tax measures dominating. By Matthew Gilleard August 25 2011
This content is from: Bermuda and Argentina sign TIEA Bermuda and Argentina signed a tax information exchange agreement (TIEA) on August 24. August 24 2011
This content is from: Canada announces draft foreign affiliate rules Canadian Finance Minister Jim Flaherty on August 19 announced income tax proposals for foreign affiliate companies which include changes to stop-loss rules and surplus regulations. August 23 2011
This content is from: Legislation raises attractiveness of Australian fund managers Draft legislation has been issued by the Australian government which proposes changes to the income tax treatment of investment income from foreign managed funds. The changes will make the use of Australian-based fund... By Matthew Gilleard August 22 2011
This content is from: UK Enterprise Zones bring lower tax bills for companies Businesses in some parts of England will be looking forward to lower tax bills, after the government announced the creation of 11 new Enterprise Zones - in addition to the 11 created earlier this year. By Reuben Bard-Rosenberg August 22 2011
This content is from: Is the French and German Tobin tax more than just political posturing? French President Nicolas Sarkozy and German Chancellor Angela Merkel rocked the markets with their joint plan for a Tobin tax. Their proposals have been welcomed by development activists, however, the overriding view ... By Salman Shaheen August 22 2011
This content is from: Tax blacklists may put pressure on Swiss tax code Swiss tax practitioners have expressed concern that the nation’s attractive corporate tax code might soon prove detrimental for their country. Switzerland is already on a black list in Italy and tax professionals thin... August 22 2011
This content is from: Nominations announced for Americas Tax Awards 2011 Who will come out on top at International Tax Review’s Americas Tax Awards next month? August 21 2011
This content is from: Canada and Costa Rica sign TIEA The intra-America tax information exchange agreement (TIEA) was signed on August 11 in San José. August 18 2011
This content is from: Italian austerity package: capital gains tax rises, but not VAT As part of a package of austerity measures aimed at cutting the country’s deficit, Italy has announced an increase in the capital gains tax rate, from 12.5% to 20%. Surprisingly, however, the VAT rate has remained unc... By Matthew Gilleard August 15 2011
This content is from: IRS and Congress vie over deposit interest reporting Three US Senators are sponsoring a Bill that would curb an IRS move to have banks report on interest earned on deposits held in US financial institutions by non-resident aliens. August 14 2011
This content is from: Biotech tax break is latest plan to revive US pharma A Bill with versions in the US Senate and House of Representatives provides tax breaks for life sciences research and investment in the hope of creating jobs, despite criticism that similar efforts have backfired in t... August 14 2011
This content is from: Exclusive: Connors fights Vodafone’s corner In an exclusive interview with Salman Shaheen of International Tax Review, John Connors, director of tax strategy and policy at Vodafone, hits out at his company’s critics and UK Uncut and explains his stance on topic... By Salman Shaheen August 11 2011
This content is from: The appeal of alternative dispute resolution John Connors, head of tax strategy and policy at Vodafone, has told International Tax Review that he welcomes the opportunities offered by alternative dispute resolution (ADR). By Salman Shaheen August 10 2011
This content is from: How to navigate permanent establishment in the US The Internal Revenue Service (IRS) is developing a plan to focus on permanent establishment (PE) in the US as part of giving more attention to international taxation issues. August 09 2011
This content is from: FREE: David Penney elected president of TEI Yesterday David Penney, General Director – Taxes for General Motors of Canada, started a one-year term as the new president of Tax Executives Institute (TEI), the world’s biggest organisation of in-house tax professio... August 09 2011
This content is from: Proposed changes to beneficial owner definition contrary to OECD goal The distorted and varied interpretations of the concept “beneficial owner” have led to a risk of double taxation and non-taxation, prompting the OECD to seek clarity on the term’s meaning. But feedback suggests that t... By Matthew Gilleard August 08 2011
This content is from: Exclusive: “No incentive to opt in to CCCTB” – Vodafone In an exclusive interview with International Tax Review, John Connors, director of tax strategy and policy at Vodafone, the world’s largest mobile telecommunications company, described the Common Consolidated Corporat... By Salman Shaheen August 04 2011
This content is from: South Africa introduces traffic light system to stem excessive debt Following a string of perceived abuses, the South African Revenue Service (SARS) and the National Treasury have issued amendments to section 45 of the Income Tax Act, which deals with intra-group transactions. By Matthew Gilleard August 04 2011
This content is from: Victoria Judson takes deputy counsel position at IRS Victoria Judson will join the IRS as division counsel and associate chief counsel (tax exempt and government entities) on August 28. August 03 2011
This content is from: Asia's tax professionals are poorly trained, says official The knowledge of Asia’s international tax professionals is “not good enough” to cope with the rapid growth the region is experiencing, says a leading tax official. August 01 2011
This content is from: Saint-Amans to take Owens’ job at OECD Pascal Saint-Amans will become director of the OECD’s Centre for Tax Policy and Administration on February 1 next year, when Jeffrey Owens retires. August 01 2011
This content is from: Application of Investment Tax Act to foreign investment funds extended in Germany The German Federal Ministry of Finance has extended the grandfathering clause for the application of the German Investment Tax Act (GITA) to foreign investment funds for a further two years. By Matthew Gilleard August 01 2011
This content is from: INSIGHT: Why Brazil has issued new tax rules for derivatives transactions The Federal Government of Brazil has issued new tax rules applicable to derivatives transactions, in a move aimed at restricting speculation around the Brazilian futures market. By Matthew Gilleard August 01 2011
This content is from: How Microsoft uses Puerto Rican incentives to lower US tax bill Microsoft’s Form 10-K filing with the Securities Exchange Commission (SEC) shows the company’s effective tax rate in the US is just over half the statutory tax rate. But how has it managed to achieve this? By Salman Shaheen August 01 2011
