This content is from: The French approach to tax avoidance Recent positions taken by the British authorities to seek more taxes from multinationals operating on UK territory such as Amazon, Google or Starbucks have triggered widespread reactions throughout Europe and in the US. December 18 2012
This content is from: Switzerland: No more untaxed assets in our banks The Swiss Federal Council on Friday issued a statement saying it wants to prevent banks and other financial institutions from accepting untaxed assets by enhancing due diligence requirements. By Matthew Gilleard December 18 2012
This content is from: India India continues to expand tax treaty network SS Palanimanickam, India’s Minister of State for Finance, in written response to a question in the Rajya Sabha last week, confirmed that India is in the process of signing double taxation avoidance agreements (DTAAs) ... By Matthew Gilleard December 18 2012
This content is from: Germany fails to revive Swiss tax deal The German Mediation Committee that was convened to try and save the German-Swiss tax agreement regarding undeclared and untaxed assets in Swiss accounts has failed to agree on a solution. By Matthew Gilleard December 13 2012
This content is from: United Kingdom UK draft Finance Bill confirms 21% rate from 2014 The UK government has released draft legislation for the Finance Bill 2013, marking the start of the consultation period for measures announced in last week’s Autumn Statement. The corporate tax cut – to 21% from Apri... By Matthew Gilleard December 11 2012
This content is from: United States Foley & Lardner hires Fred Adam to boost Silicon Valley practice By ITR Correspondent December 11 2012
This content is from: European Union Why German officials are unconcerned about UK corporate tax competition George Osborne, the UK Chancellor of the Exchequer, said the UK will have the lowest corporate tax rate of any Western economy when he announced the tax would fall to 21% by 2014 in his Autumn Statement. In particular... By Matthew Gilleard December 11 2012
This content is from: Australia announces expert group to tackle multinational tax minimisation strategies David Bradbury, Australia’s assistant treasurer, yesterday announced the members that will make up the country’s new specialist reference group, which is tasked with examining the tax minimisation strategies used by m... By Matthew Gilleard December 11 2012
This content is from: United States TAXPAYER OPINION: Why I worry about US corporate tax reform OPINION: Almost everyone agrees that the two greatest economic problems facing the US are the growing Federal deficit and persistently high unemployment and underemployment. So it is surprising to a long-time tax prac... December 11 2012
This content is from: Direct Tax TJN report calls for unitary taxation A new report from the Tax Justice Network (TJN), which calls for unitary taxation to prevent multinational corporations avoiding tax, will divide opinion among authorities. By Salman Shaheen December 11 2012
This content is from: Ireland Ireland maintains 12.5% rate amid austere budget changes Michael Noonan, Ireland’s Finance Minister, reiterated the country’s commitment to its 12.5% corporate income tax rate last week. The commitment was the headline announcement in the country’s latest austerity budget. By Matthew Gilleard December 10 2012
This content is from: What you have missed on ITR Premium Ireland-US FATCA agreement; UK & Ireland tax accounting standards; UK Autumn Statement; Germany-Switzerland tax agreement; Indian reverse charge mechanism; OECD VAT guidelines; Holding companies and VAT groups; and St... By ITR Correspondent December 10 2012
This content is from: United Kingdom Starbucks acknowledges benefits of tax transparency and pledges to pay £10 million a ye... Much-maligned coffee chain Starbucks this morning announced that, “having listened to customers and the British public”, it will pay higher corporation tax in the UK. The company says the payment amount will be higher... By Matthew Gilleard December 06 2012
This content is from: United States What you have missed on ITR Premium UK on FATCA; US unveils FATCA Model 2 agreement; Canada-Hong Kong DTA analysis; UK firms call for tax breaks; US sales and use taxes; UK VAT; Russian Supreme Court; and Canada’s Morguard ruling. December 06 2012
This content is from: Osborne reduces UK corporate tax rate again UK Chancellor of the Exchequer George Osborne has confirmed that the UK’s main rate of corporation tax will fall by a further percentage point, to 21%. By Matthew Gilleard December 05 2012
This content is from: United Kingdom AUTUMN STATEMENT: UK cuts corporate tax rate amid raft of anti-avoidance measures George Osborne, UK Chancellor of the Exchequer, today delivered his Autumn Statement, announcing a surprise extra percentage point cut in the corporate tax rate. By Matthew Gilleard December 05 2012
This content is from: Russia Russia-Switzerland DTT analysis The protocol of amendment to the Russia-Switzerland double tax treaty (DTT), signed on September 24 2011, entered into force last month on November 9. The revised treaty, which contains updated information exchange pr... By Matthew Gilleard December 04 2012
This content is from: Germany Germany – Switzerland agreement hits the rocks, but may be revived The German government is attempting to overturn a rejected tax agreement with Switzerland. By Matthew Gilleard December 04 2012
This content is from: United States Illinois continues drive for corporate tax transparency A tax transparency plan, proposed by Illinois Senate President, John Cullerton, has scraped through the Senate by three votes, and has moved to the Illinois House of Representatives. By Matthew Gilleard December 04 2012
This content is from: European Union Commissioner Semeta reveals tax priorities for 2013 The European Commission has another busy year ahead as the financial transaction tax (FTT) and VAT reform go full speed ahead, while it looks at ways to crack down on tax avoidance and it looks to press on with the co... By Salman Shaheen December 03 2012
This content is from: Netherlands UK politicians attack Starbucks' tax planning The UK Parliament’s Public Accounts Committee (PAC) has called for government action to clamp down on seemingly successful multinational companies that pay little tax in the country, as well as criticising HM Revenue ... By Matthew Gilleard December 03 2012
