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September 30 2011
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Mexico, with the largest treaty network in Latin America, signed a new tax treaty with Hungary at the end of June.
After years of negotiations between the Inland Revenue Department and the Institute of Certified Public Accountants of Cyprus, the Commissioner of Income Tax has clarified in writing the conditions that needs to be sa...
On August 19 2011, the Canadian Department of Finance released a package of proposed amendments including significant changes to the tax rules governing the taxation of income earned by foreign affiliates of Canadian ...
On July 12 2011, Senator Carl Levin once again introduced his latest version of the Stop Tax Haven Abuse Act (Bill). Representative Lloyd Doggett recently introduced the same legislation in the House.
September 29 2011
Russia and Switzerland this week signed a new double tax treaty which will give the Russian tax authorities with the power to obtain information from their Swiss counterparts on Russian citizens suspected of tax dodging.
September 28 2011
The President of the European Commission, José Manuel Barroso, has proposed a financial transactions tax (FTT) in his annual state of the union address to the European parliament. However, unanimous approval within th...
The financial transactions tax (FTT), also known as the Tobin tax and the Robin Hood Tax, has been the stuff of legend for decades, discussed eagerly by academics and socialist economists, without ever gaining much tr...
The European Commission president has today proposed a Europe-wide financial transactions tax to help vitalise public finance across the region.
September 27 2011
One of the few transfer pricing cases to go to trial in the US in the last decade has won an award from International Tax Review for Symantec, the taxpayer at the centre of the litigation.
The Scottish Chamber of Commerce has urged members of the Scottish parliament (MSPs) to carefully consider the proposed devolution of powers over corporate tax in the Scotland Bill.
September 26 2011
If recent developments on the issue of a financial transactions tax (FTT) teach us nothing else, it is that France and Germany are wholeheartedly committed to the idea, despite the continued opposition of others.
September 25 2011
The Mirrlees Review, published last week by the Institute of Fiscal Studies (IFS), calls for wide ranging reform of the UK tax system. The review, led by economist and Nobel laureate, Sir James Mirlees, argues that gr...
September 21 2011
The Dutch government has released its tax plans for 2012 with changes to the rules on the deductibility of interest and the treatment of foreign permanent establishments topping the bill.
September 19 2011
France has made considerable changes to its corporate tax system after the country’s parliament approved the 2011 Amended Finance Law.
Two new OECD tax initiatives could be up and running soon if remarks by Jeffrey Owens, the outgoing director of the organisation’s Centre for Tax Policy and Administration, are followed through.
September 15 2011
Japan's new finance minister, Jun Azumi has said he wants to cut the corporate tax rate amid fears that the rising value of the yen will encourage struggling business to relocate overseas.
September 12 2011
The chances of the successful implementation of a common consolidated corporate tax base in the EU in the near future are mixed, if the opinion of a panel at the IFA annual congress is a good guide.
The upcoming Direct Taxes Code (DTC) in India was a common theme at International Tax Review’s India Tax Forum in Delhi last week, with implications on all areas of corporate tax.
The US Senate Finance Committee last week held a hearing to examine the tax code and propose recommendations for reform to the Joint Select Committee on Deficit Reduction, but the witnesses only agreed on one thing: t...
South Korea has announced that it will impose a withholding tax on interest received by overseas investors in foreign currency bonds.
September 11 2011
Taxpayers have long criticised India’s tax laws and many argued that they needed to be brought up-to-date to cope with India’s burgeoning economy. And with next April heralding the introduction of the new Direct Taxe...
The UK and Hungary have signed a comprehensive agreement for the avoidance of double taxation that will provide increased cross-border certainty between the two countries.
Jeffrey Owens has said a small group of developed countries should not decide how governments should redesign their tax systems in response to the global financial turmoil.
Alex Salmond, Scotland’s First Minister, has dubbed the rise in windfall tax on the oil sector as “cack handed” and criticised the UK government for failing to run a consultation before the rise from 20% to 32% introd...
Indian taxpayers believe the introduction of a general anti-avoidance rule is a necessary and positive step but want more clarity if it has to come in, as scheduled, at the same time as the new Direct Taxes Code (DTC)...
September 05 2011
The Public Accounts Committee (PAC) has released a report which suggests many companies involved in Private Finance Initiatives (PFIs) are minimising tax on profits generated from those projects using offshore structu...
A report from the World Bank is calling for increased transparency and exchange of information on beneficial ownership to stop tax dodgers and to create a fairer environment for developing countries’ tax authorities t...
A poll of International Tax Review’s readers found the majority remain unconvinced of the benefits of a Common Consolidated Corporate Tax Base (CCCTB).
A forum will be held on October 4 and 5 to assess the future of Australia’s tax system, and Deputy Prime Minister and Treasurer, Wayne Swan, today told International Tax Review that attendees can discuss whatever issu...
A new report shows that 25 of the 100 most highly compensated CEOs in the US earn more money than their employers paid in taxes in 2010.
September 01 2011
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