This content is from: India India Budget 2015-16: Arun Jaitley sends strong signal to investors Arun Jaitley delivered India’s Union Budget 2015-16 today, sticking to the government’s script of encouraging increased investment from the business community. While the overall reaction has been positive, silence on ... By Matthew Gilleard February 28 2015
This content is from: Hong Kong SAR Battle of the Budgets: Tax incentives feature in Hong Kong & Singapore plans for 2015/16 The two highly competitive Asian financial hubs have announced their Budget plans for the 2015-16 fiscal year. Though frequently compared based on their size and attractiveness to global businesses, Hong Kong and Sing... By Meredith McBride in Hong Kong February 27 2015
This content is from: India Indian Budget to focus on ‘Make in India’ and FDI incentives February 28 will see the Narendra Modi government deliver its first full Budget, for 2015-16. Finance Minister Arun Jaitley’s speech has been shrouded in speculation, but taxpayers should expect incentives related to ... By Matthew Gilleard February 26 2015
This content is from: Hong Kong SAR Pieter de Ridder joins Mayer Brown JSM in Singapore By Meredith McBride in Hong Kong February 25 2015
This content is from: Hong Kong SAR Walkers hires Jonathan Sheehan for Dublin office Jonathan Sheehan has joined Walkers Ireland as a partner and head of the tax group in Dublin. By ITR Correspondent February 25 2015
This content is from: China Sino-Irish relations: China outbound investment guide Caroline Devlin, partner at Arthur Cox, explains the features of the Irish tax and legal system which make it an attractive investment location, and looks specifically at Chinese outbound investment in this regard. February 24 2015
This content is from: Mexico Mexican Taxpayers’ Ombudsman – Mediator empowerment Mexico has incorporated an independent public organisation – Procuraduría de la Defensa del Contribuyente (PRODECON) – which acts as a taxpayers’ ombudsman, with a mandate to guarantee and protect the constitutional a... February 24 2015
This content is from: European Union Keeping track of a shifting transfer pricing landscape Maik Thomas Heggmair of WTS discusses recent transfer pricing changes in Germany, including the adoption of the authorised OECD approach (AOA) into German legislation and incoming reporting changes and provides practi... February 24 2015
This content is from: United States Reform of the US tax system: Searching for the magic key Donald Moorehead, partner at Squire Patton Boggs in Washington, DC, assesses the prospects for action towards US tax reform in 2015, explaining that it's no surprise many are looking back at 1986 - the last time refor... By ITR Correspondent February 24 2015
This content is from: United States Areas of TP scrutiny in a pre- and post-BEPS world Larissa Neumann, partner at Fenwick & West, assesses the transfer pricing landscape in the US, looking at authority attitudes and areas of focus based on recent dispute cases, and points to the need for consensus on t... February 24 2015
This content is from: European Union Negative harmonisation: The EC, goodwill and state aid In the last quarter of 2007, the European Commission notified Spain of its decision to open a formal investigation procedure under article 88(2) of the EC Treaty concerning the tax regime for the amortisation of finan... February 24 2015
This content is from: Global Cheers! Celebrate the world's top transactional firms International Tax Review analyses global M&A trends from the past year and highlights the leading firms for tax transactional advice by jurisdiction. February 24 2015
This content is from: Global The Brockman brief: Interest: Double taxation equality is fading In the first of his regular monthly updates, Keith Brockman, global tax director at Mars, lecturer and author of the Strategizing Multinational Tax Risks blog, looks at why countries are enacting unilateral legislatio... February 24 2015
This content is from: European Union Looking to the future: Life after the ‘Double Irish’ Competitive tax regimes and tax-planning strategies have been increasingly in the spotlight over the past 18 months or so, and the international tax landscape is changing. Louise Kelly, tax partner at Deloitte, looks ... February 24 2015
This content is from: Canada Canada clarifies DFA and exchangeable share treatment Bill Maclagan, QC, partner at Blake, Cassels & Graydon, looks at the comments of the Canada Revenue Agency (CRA) on derivative forward agreements and exchangeable share transactions, and shares insights as to what the... February 24 2015
This content is from: Austria The European Tax Awards 2015: The entry period is now closed The closing date for entries for the European Tax Awards 2015 has now passed. By Ralph Cunningham February 23 2015
This content is from: India Budget preview: Siemens on how tax may hold the key to 'Make in India' With the Indian Budget fast-approaching, Subhankar Sinha, senior vice president, head of tax for the South Asia region at Siemens, looks at the tax measures that could be used to incentivise the government's 'Make in ... February 18 2015
This content is from: Belgium Real estate structuring in France in light of changes to the France-Luxembourg tax treaty Incoming changes to the provisions of the France-Luxembourg tax treaty should not cause too much concern for taxpayers, who will still have means for tax efficient real estate structuring in France. February 18 2015
This content is from: Hong Kong SAR FATCA reporting starts on March 31 for Model 2 IGAs and some Hong Kong institutions are... Reports that the US Internal Revenue Service suspects Asian jurisdictions including Hong Kong and Singapore of making tax evasion easier has caused concern in the market, especially amid allegations that banks around ... By Meredith McBride in Hong Kong February 17 2015
This content is from: Direct Tax G20 ministers maintain support for BEPS agenda Work on the G20 / OECD base erosion and profit shifting (BEPS) project has entered a new phase with the presentation of implementation guidance to a meeting of G20 finance ministers this week. By Ralph Cunningham February 13 2015
This content is from: United Kingdom Parker elected as ICAEW vice president The Institute of Chartered Accountants in England and Wales (ICAEW) has named tax partner Nick Parker of Baker Tilly as its vice president for 2015-2016, a post he will take up in June. February 12 2015
This content is from: France HMRC to work with Serious Fraud Office after PAC fireworks The UK revenue authority, HMRC, will work with the police and the Serious Fraud Office (SFO) on leaked HSBC files showing that the bank helped clients avoid tax, after coming under pressure from members of parliament ... By Joe Stanley-Smith February 12 2015
This content is from: United States AICPA urges US Senate to ratify tax treaties Accountants in the US are calling on the Senate to approve the tax treaties and protocols pending before it. By Ralph Cunningham February 11 2015
This content is from: China Foreign companies could be caught in China's new indirect transfer rules In a strong indication of its growing commitment to enforcing tax compliance, China’s State Administration of Taxation released updated indirect transfer rules to replace Notice 698. Tax professionals say the more str... By Meredith McBride in Hong Kong February 11 2015
This content is from: United Kingdom HMRC withdraws key official from PAC grilling The UK's tax authority, HM Revenue and Customs (HMRC), has withdrawn one of its most influential officials from questioning by the Public Accounts Committee (PAC) due to take place today. By Joe Stanley-Smith February 11 2015
This content is from: United States De Jong and Davis join KPMG KPMG has hired Dan De Jong and Steven Davis for its Washington, DC and New York offices respectively. February 10 2015
This content is from: United States HMRC faces tough questions on tax evasion from UK government committee The UK tax authority, HM Revenue & Customs (HMRC) will face questions from the parliamentary Public Accounts Committee (PAC) on Wednesday afternoon. By Joe Stanley-Smith February 09 2015
This content is from: Australia Australia audits 20 ‘high risk’ corporations The Australian Tax Office (ATO) has confirmed it has commenced 20 audits of ‘high risk’ corporations including 12 international technology companies. By Meredith McBride in Hong Kong February 06 2015
This content is from: United States OECD will update G20 finance ministers on BEPS project implementation next week G20 finance ministers will hear about the OECD's three-pronged approach to implementation of the BEPS Action Plan at their meeting in Istanbul on Monday and Tuesday of next week (February 9 and 10). By Ralph Cunningham February 06 2015
This content is from: Luxembourg UK’s PAC condemns PwC tax avoidance schemes and HMRC inaction The Public Accounts Committee (PAC) of the UK House of Commons has delivered a damning indictment of PwC’s tax advisory services, as well as criticising the UK’s own revenue authority, HMRC. By Joe Stanley-Smith February 06 2015
This content is from: Indonesia Indonesia jails multinational executives to enforce tax compliance As a last resort at enforcement and to reach ambitious collection goals, the Indonesian government has jailed at least eight executives and plans to send dozens more to debtors’ prison. The detainees work at five unna... By Meredith McBride in Hong Kong February 06 2015
This content is from: United States US businesses say Obama’s Budget 2016 tax proposals will harm economic growth President Obama unveiled his FY 2016 Budget plan at the start of February, seeking to replace the existing deferral system for US multinational companies and impose a minimum 19% tax on their foreign earnings, as well... By Matthew Gilleard February 05 2015
This content is from: India Firm commitments in India: Dhruva Advisors and Vox Law align while AMSS splits Specialist indirect tax and dispute resolution firm Vox Law and new legal venture Dhruva Advisors have announced their alignment. Dhruva’s CEO Dinesh Kanabar, formerly a tax and regulatory leader at PwC and partner at... By Meredith McBride in Hong Kong February 03 2015
