This content is from: United States Multistate US tax issues for inbound companies: Part IV – Indirect tax considerations In the fourth and final instalment of this series on multistate US tax issues, PwC US looks at the indirect tax considerations that must be taken into account by inbound companies. August 27 2013
This content is from: India Shome heads India’s new Tax Administration Reform Commission The Indian government has set up a Tax Reform Administration Commission (TARC), tasked with reviewing existing tax policy and recommending measures to improve tax governance. The TARC, which has an 18 month term, will... By Matthew Gilleard August 27 2013
This content is from: China China signs OECD convention All G20 nations are now signed up to the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters after the last remaining outlier, China, signed up this week. By Matthew Gilleard August 27 2013
This content is from: United Kingdom Bonus deferral could leave companies facing reputational issues Data published this week by the Office for National Statistics (ONS) shows that bonus payments paid in the whole UK economy were £1.7 billion ($2.6 billion) higher in April 2013 than in April 2012. This shifting of th... By Matthew Gilleard August 21 2013
This content is from: United States Multistate US tax issues for inbound companies: Part III – Filing methodologies and tre... US states vary regarding their treatment of reporting income among affiliates. PwC US analyses these inter-state differences. August 19 2013
This content is from: Australia Australian corporate tax comes into focus again Australia’s high corporate tax rate is being called into question once again, as an election looms with international discussions about base erosion and profit shifting (BEPS) and a report from the Business Council of... By Matthew Gilleard August 19 2013
This content is from: Direct Tax What you have missed on ITR Premium Brazil taxation of profits; OECD BEPS; Assignment of contract subject to transfer pricing; Tyco challenges IRS; Spain VAT; Australia compliance strategy; Caymans FATCA August 18 2013
This content is from: European Union OECD BEPS Action Plan: Attaining tax symmetry Now that stakeholders have had a chance to digest the content of the OECD’s Action Plan on Base Erosion and Profit Shifting (the action plan), Sandy Bhogal and Simon Slade of Mayer Brown take another look at some of t... August 18 2013
This content is from: Brazil How the INOVAR-AUTO tax regime is stimulating Brazil's automotive industry Augusto Flores de Flores, tax director at DAF Trucks Brazil, explores how the INOVAR-AUTO incentive regime is stimulating investment in Brazil's automotive industry. August 18 2013
This content is from: Brazil Brazil: Comparing systems for the taxation of profits Though most Brazilian companies are taxed on their worldwide profits at a combined rate of up to 34% (taking into account Corporate Income Tax (IRPJ) and Social Contribution on Net Profits (CSSL)), the total tax burd... By ITR Correspondent August 18 2013
This content is from: United States Bingham adds Josh Brady to tax group in Washington By ITR Correspondent August 14 2013
This content is from: Argentina How treaty changes and high taxes are harming Argentina Companies operating in Argentina face high levels of tax and uncertainty because of treaty changes, meaning low foreign investment figures are unlikely to change anytime soon. By Matthew Gilleard August 13 2013
This content is from: United Kingdom UK government launches new avoidance consultation as core conflict impacts investment HMRC is consulting on further measures to tackle aggressive tax avoidance, including proposals to fine promoters of tax avoidance schemes up to £1 million ($1.5 million), leaving some tax advisers at risk. By Matthew Gilleard August 12 2013
This content is from: United States Multistate US tax issues for inbound companies: Part II - multistate apportionment Non-US entities may be familiar with the US federal tax concept of effectively connected income. That is, being taxed on income that is derived from a US business; however, for multistate tax purposes, a percentage of... August 12 2013
This content is from: Direct Tax What you have missed on ITR Premium House of Lords on UK tax code; tax breaks for shale gas; IRS wins LILO case; Italian domestic transfer pricing rules; Australia GST compliance; Commissionaire to LRD; Extra funding for ATO. August 11 2013
This content is from: United States Multistate US tax issues for inbound companies: Part I Foreign companies with activity in the US are often surprised that such activity may trigger both federal and state-level tax implications. Even more surprising is that state tax exposure may vary substantially, poten... August 06 2013
This content is from: United Kingdom House of Lords says UK tax code is not working The House of Lords Economic Affairs Committee has published a report which states that the UK tax system is not working and needs an urgent review. It specifically criticised the differential tax treatment of debt and... By Matthew Gilleard August 06 2013
This content is from: United Kingdom UK government unveils proposals for tax breaks for shale gas extraction In the 2013 Budget, the UK government announced a package of measures designed to encourage investment in the UK’s shale gas industry. On July 19 the government published an open consultation to solicit the views of t... August 05 2013
This content is from: Australia Australian Economic Statement reveals extra funding for ATO Australian Treasurer Chris Bowen last week released his Economic Statement which details the economic outlook for Australia. The statement reveals extra funding for the tax authority, as well as outlining reforms to c... By Matthew Gilleard August 05 2013
This content is from: Hong Kong SAR Two join Minter Ellison in Hong Kong to launch regional practice Minter Ellison Hong Kong has announced the hires of Christian Pellone and Edward Lean, both from EY, to spearhead the firm’s development in the region. August 05 2013
This content is from: Direct Tax Leading industry professionals share their experience on difficult transfer pricing issues Leading transfer pricing professionals from industry including Caterpillar, Nissan Europe, The Dow Chemical Company, Hewlett-Packard, Dell, Alstom, Lexmark International and Brown-Forman, along with officials from the... By Sophie Ashley August 04 2013
