This content is from: Global World Tax Authority: Taking harmonisation to the next level Recent attempts at tax harmonisation have struggled to take off. In Europe enhanced cooperation measures are being invoked because of the inability to find consensus. But what fate awaits the notion of a World Tax Aut... August 28 2014
This content is from: Global The IMF and international tax David Spencer, of the Law Offices of David Spencer in New York, analyses the recent work of the International Monetary Fund (IMF) and assesses its growing influence in the area of international taxation. August 28 2014
This content is from: United States Going the extra mile - when finance and IT suddenly awoke In the July/August issue, Frank Schoeneborn, head of group operational transfer pricing in the finance and accounting division at Merck Group, took a retrapolative look at the country-by-country reporting standard fiv... August 28 2014
This content is from: India Convergence or divergence: New reporting standards in India India has announced the adoption of IFRS converged standards for financial reporting and tax accounting standards for the computation of taxable income. Sai Venkateshwaran, partner and head of the accounting advisory ... August 28 2014
This content is from: United Kingdom Osborne figure-fudge highlights UK government’s core conflict on avoidance COMMENT: George Osborne used inappropriate figures when boasting of the UK government’s success in clamping down on tax avoidance during the latest Budget, the UK Statistics Authority has found. By Matthew Gilleard August 28 2014
This content is from: Canada NZ Inland Revenue releases draft GAAR guidance New Zealand has had a general anti-avoidance rule (GAAR) since income tax was first introduced in 1891. But in the past decade, changes in Inland Revenue practice and judicial attitudes have seen the GAAR, which was p... August 28 2014
This content is from: United States US political rhetoric continues as latest inversion deal creates third-largest global f... The $11 billion Burger King-Tim Hortons deal will see the new company located in Canada. Burger King company executives say it is motivated by growth opportunities rather than by any potential tax savings. By Matthew Gilleard August 27 2014
This content is from: Vietnam Tax is key part of Grant Thornton Vietnam merger with Nexia ACPA By Meredith McBride in Hong Kong August 27 2014
This content is from: United States Inversions highlight antiquated US tax system Comment: Far from representing the lack of economic patriotism of US companies, the trend of inversions out of the US is indicative of just how antiquated the US tax code is. By Matthew Gilleard August 21 2014
This content is from: China TEI raises concerns about Chinese GAAR The Tax Executives Institute (TEI) submitted comments to China’s State Administration of Taxation (SAT) regarding its draft of administrative measures on general anti-avoidance rules (GAAR). The group, which represent... By Aaran Fronda August 20 2014
This content is from: Austria Voluntary self-disclosure in Austria: New restrictions ahead New tax law amendments in Austria are set to take effect from October 1. The amendments will mean taxpayers have more options to correct instances of negligence without criminal proceedings. August 20 2014
This content is from: United States Americas Awards nominations released The nominations for the Americas Tax Awards, which take place in New York on September 18, have been announced on www.internationaltaxreview.com. August 19 2014
This content is from: United States Swedish tax official reflects on interest deductibility proposals A Swedish committee on corporate taxation has proposed reforms to limit interest deductibility in the country. Borje Noring, tax auditor at the Swedish Tax Agency, Skatteverket, reacts to the proposals, which have dra... By Matthew Gilleard August 13 2014
This content is from: United States Inversions - special focus Between 1983 and 2004 there were 29 inversion transactions out of the US. In the decade following, almost 50 companies restructured using the method. With foreign profits trapped offshore by an outdated, worldwide sys... By Matthew Gilleard August 09 2014
This content is from: Japan Why Japan is cutting its corporate tax rate The corporate income tax rate in Japan is known to be one of the highest worldwide. To encourage foreign companies to do business in Japan and make Japan a more attractive location for investments, Prime Minister Shin... August 07 2014
This content is from: Hong Kong SAR How Hong Kong is adapting to international fiscal transparency standards Hong Kong is an important financial, trading and service hub for China and Asia which is a result of very good infrastructure, highly effective financial markets and a highly competitive tax regime. Hong Kong has al... By ITR Correspondent August 03 2014
This content is from: Argentina Trends in Latin American business restructurings: Spain as a holding jurisdiction Its ETVE regime is one of the reasons why Latin America businesses are using Spain as a holding company location, but interested taxpayers should remember the substance requirements. August 03 2014
