Direct Tax

Archive: Direct Tax

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OECD gives guidance on automatic information exchange and confidentiality

The OECD has released two new reports examining the automatic information exchange (AIE) and the protection of confidentiality of information that has been exchanged.
By Matthew Gilleard
July 30 2012
This content is from: Mexico

TREATY ANALYSIS: Mexico-Barbados DTA

Barbados’ partial removal from the Mexican blacklist of tax haven jurisdictions has opened up new routes for investors, and the double taxation agreement (DTA) between the two countries also contains other advantageou...
By Matthew Gilleard
July 30 2012
This content is from: Denmark

Denmark continues drive for tax transparency

The Danish government has introduced a new measure requiring companies to expose their tax information to the public via the tax authority’s website.
By Matthew Gilleard
July 30 2012
This content is from: Direct Tax

What you have missed on ITR Premium

The latest developments in China’s VAT regime; how to survive a French tax dispute; and what the future holds for the US manufacturing sector under proposed tax reform were just three articles that appeared on ITR Pre...
By ITR Correspondent
July 29 2012
This content is from: Direct Tax

Treaties of the week - July 30 2012
July 29 2012
This content is from: Direct Tax

Deals of the week - July 30 2012
July 29 2012
This content is from: Netherlands

Netherlands: The advantages of a Dutch holding company

In recent times, there has been increasing interest in the Netherlands from multinational companies that wish to avoid supposed tax havens and blacklisted jurisdictions. Roelof Gerritsen and Ivo Kuipers of Atlas Tax L...
By ITR Correspondent
July 29 2012
This content is from: Direct Tax

Myanmar commits to tax transparency with EITI initiative

As part of the country’s continued efforts to increase corporate transparency, Myanmar will implement the Extractive Industries Transparency Initiative (EITI), Minister of Industry U Soe Thein confirmed last week.
By Matthew Gilleard
July 26 2012
This content is from: Taiwan

Taiwan reintroduces capital gains tax after 24 years

Taiwan yesterday amended its Income Tax Act so that capital gains on securities investments will once again be taxable from January 1 2013.
By Matthew Gilleard
July 25 2012
This content is from: United Kingdom

UK patent box splits opinions as Amazon moves global R&D to London

Opinions have been split over the effectiveness of the UK’s patent box, despite the country’s innovation tax regime being given a boost this week with the news that the online retailer, Amazon, is to open its global R...
By Matthew Gilleard
July 23 2012
This content is from: Ukraine

Ukraine reaches compromise on carry-forward of tax losses

On May 24 2012 Ukraine’s parliament adopted the law “On Amending the Tax Code of Ukraine to Improve Certain Tax Rules” No 4834-VI which came into force on July 1 2012. Vadim Medvedev, of Avellum Partners, examines how...
July 23 2012
This content is from: India

Amarchand hires ex-KPMG partner as head of tax

Law firm Amarchand Mangaldas has hired Krishan Malhotra as its new tax head in Delhi.
July 23 2012
This content is from: United Kingdom

Olympic sponsors waiving tax exemption highlights transparency focus

As the focus on the tax arrangements of large corporations continues to grow, the waiving of corporate tax breaks by sponsors of the London 2012 Olympic Games is a sign that companies are beginning to treat tax transp...
By Matthew Gilleard
July 23 2012
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India's GAAR making progress, says new president

India’s new president, Pranab Mukherjee, has confirmed that consultations and review of the proposed general anti-avoidance rule (GAAR) had started before he stepped down as finance minister.
By Jack Grocott
July 22 2012
This content is from: Direct Tax

Treaties of the week - July 23 2012
July 22 2012
This content is from: United States

How manufacturing will be affected by US tax reform

In the latest of a series of hearings looking at comprehensive reform of the US tax code, the Ways and Means Committee last week assessed the issue of reform and its impact on the manufacturing sector, with manufactur...
By Matthew Gilleard
July 22 2012
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Luxembourg-Poland tax treaty: Significant amendments

Sophie Vanesse and David Capocci of Deloitte explore the advantages and implications of the recent amendment to the Luxembourg-Poland double taxation avoidance agreement.
By ITR Correspondent
July 22 2012
This content is from: Direct Tax

Deals of the week - July 23 2012
July 22 2012
This content is from: Direct Tax

What you have missed on ITR Premium

Why News Corp’s Australian victory boosts confidence in claiming deductions, how the OECD plans to shape China’s future tax policy, and why the UK may be about to make one more VAT u-turn were just three articles that...
By ITR Correspondent
July 22 2012
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Musat & Asociatii adds to tax practice

Bogdan Voinescu has joined Ionut Bohâlteanu as a partner of Musat & Asociatii – Tax Advisory in Romania.
July 16 2012
This content is from: United States

Senate’s defeat of small business tax break highlights US reform task

The Senate has voted against implementing a business incentive in the form of a 10% tax break for small companies that make new hires; a situation that typifies the political roadblocks standing in the way of comprehe...
By Matthew Gilleard
July 16 2012
This content is from: Australia

How Australia is reducing the tax bill for foreign investors

The Australian lower House of Representatives has passed a Bill that will allow foreign investment funds to use Australian fund managers without being subject to income tax.
By Matthew Gilleard
July 16 2012
This content is from: China

Why the OECD wants to help shape China’s future tax policy

The OECD’s business advisory board met with officials from China’s State Administration of Taxation (SAT) earlier this month to discuss the future of the country’s tax policy and why China wants to get more involved i...
By Matthew Gilleard
July 16 2012
This content is from: Germany

German Federal Council amends draft 2013 Annual Tax Act

Holger Hartmann, partner at Bödecker, Ernst & Partner, outlines the amendments made by the German Federal Council to the 2013 Annual Tax Act, highlighting two key reform proposals.
By ITR Correspondent
July 16 2012
This content is from: Argentina

Argentina terminates tax treaty with Chile and Spain

The Argentine government has terminated its tax treaties with Chile and Spain. These treaty terminations are significant and may impact existing cross-border structures and/or planning by multinationals with operatio...
July 15 2012
This content is from: Sponsored

Japan adopts earnings stripping rules

As part of the 2012 Tax Reform, Japan adopted earnings-stripping provisions under which a corporation's deduction for net interest expense paid to a related party will be limited to 50% of adjusted income effective fo...
July 15 2012
This content is from: Direct Tax

What you have missed in ITR Premium

The UN’s proposed plans for a global carbon tax and FTT, why the ECJ has raised the threshold for denying EU companies VAT deductions, and how the UK rate cut has changed tax accounting procedures were just three arti...
By ITR Correspondent
July 15 2012
This content is from: Direct Tax

Deals of the week - July 16 2012
July 15 2012
This content is from: Direct Tax

Treaties of the week - July 16 2012
July 15 2012
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China’s Circular 30 to help taxpayers gain treaty benefits and reduce withholding tax

A new Circular released by China’s State Administration of Taxation (SAT) will make it easier for foreign investors to obtain reduced withholding tax rates available under the country’s double tax treaties.
By Joe Dalton
July 12 2012
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Mauritius finally agrees to rework tax treaty with India

The Mauritius government has agreed to renegotiate the provisions of its tax treaty with India, though it will not agree to measures which would harm the island nation’s economic interests.
By Matthew Gilleard
July 09 2012
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France's Hollande announces first tax hikes

French President François Hollande has announced his first tax policy changes as part of the amended draft Finance Bill presented to government, and advisers warn more tax hikes are on the way.
By Matthew Gilleard
July 09 2012
This content is from: United States

Study finds world’s largest companies lacking in transparency

A new study has found that while the 105 biggest public companies have improved on their commitments to tackling corruption, they are severely lacking in country-by-country reporting for tax.
By Salman Shaheen
July 09 2012
This content is from: United States

Illinois leads the way in corporate tax transparency

The US state of Illinois has stepped up efforts aimed at promoting and fostering transparency in the tax affairs of companies based there.
By Matthew Gilleard
July 09 2012
This content is from: Sponsored

Finland looks to limit the deductibility of interest

The Finnish government has released a draft bill to limit the deductibility of interest expenses in corporate taxation. The goal of the proposed regulation is to secure Finland's tax base and to balance competition be...
July 08 2012
This content is from: Sponsored

Intra-group financing: Transfer pricing and intra-group financing

As energy firms discover and exploit new reserves which require significant amounts of financing, tax authorities have increased their focus on the intra-group financing transactions of such companies. Randy Price, Na...
By Deloitte US
July 08 2012
This content is from: Direct Tax

Deals of the week - July 9 2012
July 08 2012
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Treaties of the week - July 9 2012
July 08 2012
This content is from: Direct Tax

Deals of the week - July 9 2012
July 08 2012
This content is from: Direct Tax

Treaties of the week - July 9 2012
July 08 2012
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VDB Loi expands in Southeast Asia

Audit and tax firm Earnest Financial Group has joined regional tax and legal firm VDB Loi, effective July 1 2012. VDB Loi Myanmar will advise clients on tax advisory, tax compliance and legal advisory services.
July 04 2012
This content is from: India

Indian GAAR committee submits recommendations to government

The committee charged with providing the Indian government with recommendations on the implementation of the general anti-avoidance rules (GAAR) has submitted its findings, including recommendations regarding the thre...
By Matthew Gilleard
July 02 2012
This content is from: United States

OECD latest to urge lower US corporate tax rate

The OECD has recommended that the US should reduce its corporate tax rate, joining the voices of many tax directors, advisers, politicians and industry groups who have already stated the case for reform.
By Matthew Gilleard
July 02 2012
This content is from: United Kingdom

Report assesses competitiveness of UK tax system

The Oxford University Centre for Business Taxation (CBT) has assessed how close the UK government has come to achieving its stated ambition to “create the most competitive corporate tax regime in the G20”, highlightin...
By Matthew Gilleard
July 02 2012
This content is from: Direct Tax

Deals of the week - July 2 2012
July 01 2012
This content is from: Direct Tax

Treaties of the week - July 2 2012
July 01 2012
This content is from: Direct Tax

What you have missed on ITR Premium

How the European Commission is helping 10 member states to adopt a financial transactions tax (FTT), why Essar’s unresolved sales tax liability has clouded its annual accounts, and what Finance Minister Pranab Mukherj...
July 01 2012
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Cyprus IP Box regime improves competitive tax advantages

Maarten Koper and Olga Chervinskaya of Ernst & Young explain how the IP Box regime could give Cyprus a competitive tax edge over certain other European jurisdictions.
July 01 2012

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