This content is from: United Kingdom Corporate tax avoidance tops list of ethics issues for business The British public believes corporate tax avoidance is the number one ethical issue that business needs to address. By Ralph Cunningham November 28 2013
This content is from: Sponsored Germany: Entitlement of a US S-Corporation to benefits under the Germany-US tax treaty Oliver Rosenberg, partner at Linklaters in Dusseldorf, summarises a June decision of the Federal Tax Court (FTC) which clarifies the interpretation of Article 1 paragraph 7 and Article 2 paragraph 10 of the Germany/US... By ITR Correspondent November 27 2013
This content is from: European Union European Commission tightens corporate tax rules The European Commission (EC) hopes to “significantly reduce tax avoidance in Europe” through proposed amendments to EU corporate tax legislation which would shut down loopholes in the Parent-Subsidiary Directive. By Matthew Gilleard November 26 2013
This content is from: United States Baucus releases US tax reform discussion draft Max Baucus, chairman of the US Senate Finance Committee, has released a discussion draft outlining his proposals for US corporate tax reform, including provisions that would drastically alter the tax treatment of inco... By Matthew Gilleard November 26 2013
This content is from: United Kingdom Number of UK tax planning schemes drops to record low Fewer tax planning schemes were reported to HM Revenue & Customs (HMRC) in the year to September 2013 than in any of the past 10 years. By Matthew Gilleard November 26 2013
This content is from: United States Baucus US tax reform proposal: A warning for Apple and Google After the release of Senate Finance Committee chairman Max Baucus’ discussion draft outlining his proposals for US corporate tax reform, Jim Ditkoff, senior vice president – finance and tax – at science and technology... By Matthew Gilleard November 26 2013
This content is from: United States Schwed becomes partner at Weil By ITR Correspondent November 22 2013
This content is from: European Union Paying Taxes survey picks out Eastern economies as biggest tax reformers Companies that pay taxes in Central Asia and Eastern Europe will be pleased to find out their compliance burden has come down the most in the nine-year history of the Paying Taxes survey, according to this year’s vers... By Matthew Gilleard November 21 2013
This content is from: Mauritius ActionAid attacks Barclays and Deloitte for promoting African tax havens ActionAid has slammed Barclays, the UK bank, for promoting the use of tax havens in Africa, accusing the bank of hypocrisy and a failure to deliver on public promises that it wants to become a “force for good”. Deloit... By Matthew Gilleard November 21 2013
This content is from: Mexico Mexican Congress passes tax reform Mexico’s Congress has passed a tax reform measure which would see the imposition of a new dividend tax and a new tax mailbox system, among other changes. The legislation awaits President Pena Nieto’s signature. By Matthew Gilleard November 18 2013
This content is from: Direct Tax What you have missed on ITR Premium Business lobbies Putin on tax; Indian tax evasion notification to Cyprus; IBM India; NZ compliance; Reduced VAT on e-books; Australian carbon tax; IMF and African compliance; Reduced tax compliance under Obamacare November 18 2013
This content is from: United States Arthur Cox sends Hurley to New York By ITR Correspondent November 18 2013
This content is from: China Travis Benjamin joins Deacons as head of tax in Hong Kong and China By ITR Correspondent November 18 2013
This content is from: Russia Business lobbies Putin to review tax authorities’ powers of enforcement Business leaders have pleaded with Russian President Putin to reassess proposed amendments to the Criminal Code which would allow investigators to open tax cases at their own discretion. By Matthew Gilleard November 14 2013
This content is from: Argentina Lipovetzky joins partnership at Bruchou, Fernandez Madero & Lombardi Ezequiel Lipovetzky has been promoted to the position of partner at Argentinean firm Bruchou, Fernandez Madero & Lombardi. November 14 2013
This content is from: United States JPMorgan prompts Senators Reed and Grassley to introduce corporate settlement deductibi... US Senators Jack Reed and Charles Grassley have introduced legislation to close a loophole that allows companies to claim tax deductions on penalties and fines paid to the federal government after a JPMorgan Chase set... By Matthew Gilleard November 13 2013
This content is from: United Kingdom Mark Bevington leaves EY for Baker & McKenzie By ITR Correspondent November 13 2013
This content is from: Cyprus India sends tax evasion notification to Cyprus The Indian Ministry of Finance has notified Cyprus that it is being treated as a “notified jurisdictional area” under section 94A of the Income Tax Act (ITA) 1961. By Matthew Gilleard November 13 2013
This content is from: Chile Hungary signs OECD Convention Hungary has become the 61st signatory to the OECD’s Convention on Mutual Administrative Assistance in Tax Matters. By Matthew Gilleard November 13 2013
This content is from: United States OECD questions country-by-country reporting implementation after confidentiality concerns In a public consultation on transfer pricing matters in Paris today, the OECD questioned the realities of implementing country-by-country (CBC) reporting, with business harbouring concerns over the confidentiality of ... By Sophie Ashley November 12 2013
This content is from: Germany Germany: Treatment of interest payments from a German partnership to its foreign partne... Oliver Rosenberg, partner at Linklaters in Dusseldorf, discusses the treatment of interest payments from a German partnership to its foreign partners, including why there is an increased risk of double taxation as a r... By ITR Correspondent November 12 2013
This content is from: United Kingdom UK government closing tax loophole on company registration Philip McCarron and Susan Fadil of TMF Group’s UK Corporate Secretarial team analyse the impact of the UK’s hunt for phantom companies on the country’s company registration practices. November 12 2013
This content is from: United States Clifford Chance chooses new global tax head Chris Davies has been chosen to replace David Harkness as Clifford Chance’s new global tax, pensions and employment (TPE) head from January 1 2014. November 11 2013
This content is from: Direct Tax What you have missed on ITR Premium UK public company register; Vale blow in Brazil CFC case; US Tax Court denies Medtronic protective order; Malaysia GST; and Australia cutting compliance requirements. November 11 2013
This content is from: Brazil Tax technology in Brazil: Shifting the burden of tax audits to taxpayers Dealing with corporate taxes in Latin America has been a significant challenge for corporations for a long time, especially in Brazil. Cristina Sampaio Cavalieri Teixeira, managing partner at GR8 Tax & Finance Consult... November 06 2013
This content is from: Spain Hogan Lovells hires KPMG partner in Madrid Hogan Lovells has recruited Spanish tax partner Javier Gazulla Ascoz into its Madrid tax team. November 06 2013
This content is from: United Kingdom Crowe Clark Whitehill adds to tax advisory arsenal with Gunn hire Crowe Clark Whitehill has hired Robert Gunn as a partner in its Midlands office. November 06 2013
This content is from: Argentina Chile signs OECD Convention Chile has become the 59th signatory to the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters. By Matthew Gilleard November 06 2013
This content is from: United Kingdom UK views foreign business investment as positive despite Starbucks saga A report from PwC shows that most people in the UK view an overseas business moving its headquarters to the country as a positive sign, despite some of the negative press reaction to foreign companies such as Starbuck... By Matthew Gilleard November 06 2013
This content is from: Germany MoFo takes Hogan Lovells team; launches in Berlin Morrison & Foerster is launching an office in Berlin, taking nine partners from Hogan Lovells in the city. November 06 2013
This content is from: United States Fried Frank tax partner honoured for pro bono legal services to non-profits Lisa Levy, tax partner at Fried, Frank, Harris, Shriver & Jacobson, has received a 2013 Cornerstone Award from the Lawyers Alliance for New York. November 06 2013
This content is from: United Kingdom Cameron announces public UK company register David Cameron, UK Prime Minister, has announced a proposal for a register of company ownership, to “shine a spotlight on who owns what and where money is really flowing”. By Matthew Gilleard November 05 2013
This content is from: European Union How the BEPS project should tackle harmful tax competition One of the commitments in the base erosion and profit shifting (BEPS) action plan is to counter harmful tax practices. Jeffrey Owens believes negotiators should look for some clues for how to do this in the OECD’s 199... By ITR Correspondent November 05 2013
This content is from: United States Latham & Watkins adds one new partner in London By ITR Correspondent November 05 2013
This content is from: United Kingdom Devereux believes OECD needs to do more than BEPS project to reform international tax r... Michael Devereux, the director of the centre for business taxation at the University of Oxford, has described the international tax system as “a confused, complex mass of arbitrary, arcane and illogical rules”. By Ralph Cunningham November 04 2013
This content is from: Germany Germany’s new rules on profit allocation to insurance PEs Ulf Andresen and Jobst Wilmanns of PwC in Frankfurt, explain how Germany’s new profit allocation rules for insurance permanent establishments (PE) potentially discriminate against foreign insurers. November 01 2013
This content is from: Global Cross-border services in tax treaties: crossing the PE border Developing countries often impose withholding tax on payments for certain offshore services. Companies should be aware of where in the world this occurs and the potential protection under tax treaties so they can plan... November 01 2013
This content is from: India India’s GAAR: Nice idea, shame about the execution Vijay Krishnamurthy, CFO, company secretary and legal head at SmartPlay Technologies India, looks at the recently notified general anti-avoidance rules (GAAR) in India, analysing whether certain inconsistencies remain... November 01 2013
This content is from: Australia Cherrington becomes global tax head at King & Wood Mallesons; Perez joins from Allens By ITR Correspondent November 01 2013
