This content is from: United States The big moves of 2014 A string of departures by senior Internal Revenue Service figures dominated the comings and goings among tax professionals in 2014. By ITR Correspondent December 19 2014
This content is from: United States US extenders Bill passes Senate, awaits Obama signature The US Senate voted this week to approve a one-year retroactive extension of certain temporary tax provisions that expired at the end of last year, including the research and experimentation credit. By Matthew Gilleard December 18 2014
This content is from: Spain New Spanish corporate income tax: The holding regime Jose Maria Garcia-Valdecasas Alloza, partner at Balaguer-Morera & Asociados and assistant lecturer at the University of Barcelona, explores upcoming changes to the Spanish tax regime, which has not been comprehensivel... By ITR Correspondent December 18 2014
This content is from: Austria European Commission to seek information on tax rulings from all member states The European Commission has expanded its state aid inquiry into tax rulings to cover all 28 EU member states. By Joe Stanley-Smith December 17 2014
This content is from: Luxembourg Criminal charges for Luxembourg leaker will not deter whistleblowers Antoine Deltour, the former PwC auditor who leaked thousands of the company’s documents into the public domain has been charged with a string of offences including theft. By Joe Stanley-Smith December 17 2014
This content is from: United Kingdom Bank loss relief restriction: UK financial services sector takes pre-election hit COMMENT: As we look to another general election in the UK in 2015, the latest Autumn Statement contained a further measure affecting the financial services sector. Whether this represents sensible long-term tax policy... December 17 2014
This content is from: United States Thomson Reuters honours Taxologists Regulatory complexity and globalisation aren’t the only factors changing the landscape of tax. December 16 2014
This content is from: Kazakhstan Kazakhstan amends tax code from 2015 Kate Habershon and Bakhytzhan Kadyrov of Morgan Lewis in Kazakhstan examine the potential impact on business of the country’s draft tax code. December 16 2014
This content is from: Brazil Offsetting expenses incurred with stock option plans Maria Isabel Bueno and Alessandro Amadeu da Fonseca of Mattos Filho Veiga Filho Marrey jr e Quiroga provide an update on Brazilian accounting standards, particularly when it comes to offsetting expenses related to sto... December 16 2014
This content is from: China China streamlines taxpayer services China has been accelerating its fiscal and tax reforms in recent years. The central government is keen to establish a healthy fiscal and tax system to help optimise allocation of resources, establish a fair market pla... December 16 2014
This content is from: Direct Tax The Global Tax 50 2014 Now in its fourth year, International Tax Review's Global Tax 50 provides a rundown of the who’s who of the tax world. One way or another, the individuals and organisations on this list have had an impact or influence... By default\Anonymous December 16 2014
This content is from: Indonesia New Indonesian tax minister targets transfer pricing to collect $112 billion in 2015 Following his appointment by Indonesia’s Finance Minister Bambang Brodjonegoro on December 1, new acting director general of taxation Mardiasmo has indicated his intention to improve Indonesia’s tax collection record ... By Meredith McBride in Hong Kong December 12 2014
This content is from: United Kingdom UK diverted profits tax reaction: Don’t jump the gun, George The UK government has published draft legislation for the diverted profits tax (DPT) – dubbed the ‘Google tax’ – announced by George Osborne, Chancellor of the Exchequer, in last week’s Autumn Statement. The consensus... By Matthew Gilleard December 12 2014
This content is from: France Netherlands court reinforces ECJ position on Dutch fiscal unity regime Judgments in three cases by the Court of Appeals Amsterdam (CAA) yesterday have stated that the Netherlands’s restrictions on its fiscal unity rules go against European freedom of establishment principles. By Joe Stanley-Smith December 12 2014
This content is from: Belgium OECD tax revenues approaching pre-crisis levels Tax burdens in the OECD rose 0.4 percentage points in 2013 to an average of 34.1% of GDP, following rises of 0.3 percentage points in both 2012 and 2011. By Joe Stanley-Smith December 11 2014
This content is from: South Korea Learning from Lone Star: What the company’s second win in Korean court can teach MNCs Lone Star emerged as a winner for the second time in a case against the Korean tax authorities in the Seoul district court in late November. The court ruled that the Namdaemun District tax office owes the American-own... By Meredith McBride in Hong Kong December 10 2014
This content is from: European Union Tax tips for multinationals in the Netherlands There are only a few weeks before another new year. Now is an opportune moment to review your tax strategy and to consider whether Dutch tax laws require your company to take action before January 1 2015. The next few... By ITR Correspondent December 09 2014
This content is from: China China: You can download the latest edition of our guide now The 4th edition of China - Looking Ahead is available as a downloadable pdf. It features articles on how China regards the BEPS project, the progress of the VAT reforms and what China expects from multinationals on tr... December 08 2014
This content is from: Brazil Brazil Ministry of Finance reduces threshold rate for tax haven classification The Ministry of Finance this week published Ordinance MF 488/14 in the Official Gazette, which reduces from 20% to 17% the threshold income tax rate for defining the concepts of low-tax jurisdictions and privileged ta... December 05 2014
This content is from: India Ashok Lahiri heads up new committee on Indian tax and trade In his Budget Speech 2014-15, Indian Finance Minister Arun Jaitley announced the setting up of a committee to interact with trade and industry and ascertain areas where greater clarity on tax laws is required. December 04 2014
This content is from: Spain Good news for investors as Spain changes dividend legislation after EC pressure Spain has elected to change its dividend and capital gains legislation after pressure from the European Commission (EC). By Joe Stanley-Smith December 04 2014
This content is from: Cambodia 17 Asian countries meet in Australia to create a new regional tax taskforce From November 24 to 27, Chris Jordan, commissioner of the Australian Tax Office (ATO), hosted tax administrators from 17 Asian member countries including tax leaders from key trade partners Japan and China at the Stud... By Meredith McBride in Hong Kong December 04 2014
This content is from: Liechtenstein Liechtenstein: Private foundation funds as holding companies – a new (hybrid) tax vehic... The Liechtenstein private foundation (Private Stiftung) is still a well-known instrument for private estate planning in Liechtenstein, especially for foreign investors. After recent legislative changes in Liechtenstei... December 03 2014
This content is from: United Kingdom Autumn Statement 2014: Osborne stresses compliance as key part of pro-business regime Delivering his Autumn Statement today, George Osborne announced new anti-avoidance measures for international businesses – including a 25% diverted profits tax – and repeated his statement that the UK is host to an en... By Matthew Gilleard December 03 2014
This content is from: United States Weinberger to drive Business Roundtable’s tax work EY’s chairman and chief executive officer, Mark Weinberger, who has worked for two US presidents, will lead the efforts of his fellow business leaders in the US to ensure Congress passes legislation on tax extenders a... By ITR Correspondent December 02 2014
This content is from: New Zealand David Patterson steps up at Chapman Tripp By ITR Correspondent December 01 2014
This content is from: Ireland The attractiveness of Ireland’s ICAV regime On July 29 2014, the Irish Government published the Irish Collective Asset Management Vehicle Bill 2014 (the ICAV Bill). The ICAV Bill, when enacted, will provide for a corporate vehicle structure specifically designe... By ITR Correspondent December 01 2014
