This content is from: Indonesia Exclusive: Director talks changes to how Indonesia collects tax Wahyu Tumakaka, director of business transformation at Indonesia’s Directorate General of Taxation (DGT), shares his department’s plans for conquering tax evasion: ramping up audits, building capacity at the departmen... By Meredith McBride in Hong Kong March 31 2015
This content is from: Australia Australia to follow UK lead on taxing diverted profits Joe Hockey, Australia’s treasurer, warned taxpayers this week that his Budget on May 12 will target corporate profit shifting, following the UK’s diverted profits tax (DPT or so-called Google tax). By Matthew Gilleard March 31 2015
This content is from: Australia Australia eyes taxation overhaul in tax reform discussion paper On March 30, Australia’s treasurer Joe Hockey announced a tax reform discussion paper titled Re:think, in prelude to a white paper expected late this year. Advisers say that reform of corporate and personal income tax... By Meredith McBride in Hong Kong March 30 2015
This content is from: China Hong Kong offers tax exemption to entice private equity In an effort to place itself at the centre of venture capital and private equity investment in Asia, the Hong Kong government introduced a Bill in its Legislative Council on March 25 to extend an exemption from the te... By Meredith McBride in Hong Kong March 29 2015
This content is from: Austria European Tax Awards 2015 - the shortlists are out The nominees have been revealed for International Tax Review's European Tax Awards 2015. By Ralph Cunningham March 29 2015
This content is from: Switzerland Pascale Colin: Defining challenges for today's group tax manager Matthew Gilleard talks with Pascale Colin, group tax manager at EFG Bank, about the role of the tax director, her journey in getting there, and operating successfully in a rapidly-evolving Swiss, European and global t... By Matthew Gilleard March 25 2015
This content is from: United States Global oil price plunge shakes up the way governments do taxes If political instability, leadership changes, and tightened tax laws weren't strenuous enough, plummeting oil prices in the latter half of 2014 left many governments and corporations exasperated, questioning how low p... By Meredith McBride in Hong Kong March 25 2015
This content is from: Ireland Ireland outlines international financial services strategy The recent release of Ireland’s major strategy paper, ‘IFS2020 – A strategy for Ireland’s financial services sector 2015-2020’ addresses Ireland’s five year strategy in further developing the country as a global leade... By ITR Correspondent March 25 2015
This content is from: European Union Free-for-all: HMRC’s data-sharing relating to offshore assets John Cassidy, tax investigations partner at Crowe Clark Whitehill in London, looks at trends in information sharing, and whether there will be any limits to the use of UK authority powers when it comes to data-sharing... March 25 2015
This content is from: Global TP risk determination: Transparency and mutuality This month, Keith Brockman, global tax director at Mars, lecturer and author of the Strategizing Multinational Tax Risks blog, runs the rule over issues of transfer pricing risk determination, focusing on transparency... By default\Anonymous March 25 2015
This content is from: India Indian POEM: A melodious reading? Tirthesh Bagadiya of Bagadiya & Jain Chartered Accountants analyses proposed place of effective management (POEM) provisions contained in Finance Minister Arun Jaitley’s February 28 Budget speech, outlining the main c... March 25 2015
This content is from: China Practical considerations for Chinese withholding tax on cross-border service transactions The potential Chinese tax implications of the provision of cross-border services into China are as numerous as they are confusing. Scott Heidecke and Flora Luo of Nexia International member firm Nexia TS (Shanghai) di... March 25 2015
This content is from: United States M&A Focus 2015 now available Leading advisers update you on the latest M&A tax developments. March 24 2015
This content is from: Switzerland Former UK official Hartnett surprised at lack of SwissLeaks prosecutions Dave Hartnett, formerly the most senior tax official at the UK revenue authority, HMRC, this week defended his decision to take a job at under-fire bank HSBC, and expressed his “surprise” that only one prosecution has... By Joe Stanley-Smith March 24 2015
This content is from: Ireland Irish tax regime for securitisation vehicles Securitisation has been commonly used for a variety of financial transactions ranging from the securitising of loan books to real asset holding such as aircraft. Lord Hill, EU commissioner, has announced an intention ... By ITR Correspondent March 23 2015
This content is from: Ireland Irish tax regime for shipping operations It is widely recognised that Ireland is one of the major worldwide hubs for aircraft leasing and related financing structures. What is less well known is that Ireland’s tax system has been tailored to suit the needs o... By ITR Correspondent March 20 2015
This content is from: United Kingdom UK Budget: North Sea tax cuts welcome, but DPT still causing concern George Osborne, UK chancellor of the exchequer, delivered his final Budget speech before the general election today, with welcome tax cuts for the UK’s oil and gas industry and a reduction in the number of companies t... By Matthew Gilleard March 18 2015
This content is from: United States Sean Hailey moves back to EY Sean Hailey, a former tax adviser to the US House of Representatives Committee on Ways and Means, has moved to EY. March 17 2015
This content is from: China Beijing Tax Bureau to levy 10% tax on QFII investors, with no deductions for losses Inward investors have expressed concern about proposals that China will levy a 10% capital gains tax on profits earned by foreign investors, with no opportunity to deduct for losses. While some tax advisers welcomed t... By Meredith McBride in Hong Kong March 16 2015
This content is from: India Modi pledges to continue Mauritius tax treaty reform to end abuse As Indian prime minister Narendra Modi visited Mauritius during its national day celebrations March 12, the two countries pledged to move forward with negotiations to update their double taxation treaty. By Meredith McBride in Hong Kong March 14 2015
This content is from: United States Dave Camp joins PwC in the US Dave Camp, former US House of Representatives Ways and Means Committee chairman, has joined PwC as a policy adviser. March 13 2015
This content is from: Switzerland Switzerland Focus 2015 now available Leading advisers update you on the latest developments in Switzerland. March 12 2015
This content is from: Switzerland HSBC: Hodge slams banking chiefs The UK parliament’s Public Accounts Committee (PAC), chaired by Margaret Hodge, has severely castigated two top HSBC executives and one former executive over tax evasion and banking secrecy. By Joe Stanley-Smith March 11 2015
This content is from: Kenya Call for papers for first African Tax Research Network conference The African Tax Administration Forum (ATAF) and the African Tax Research Network (ATRN) are holding their first ATRN congress in Cape Town, South Africa (not Victoria Falls in Zimbabwe) in September and are now callin... By Ralph Cunningham March 10 2015
This content is from: China China's National People's Congress debates introducing law-based taxation During national legislative meetings on Sunday March 8, a draft revision of China’s Legislation Law was submitted, mandating that all taxes be imposed through legislation, which taxpayers say would provide greater con... By Meredith McBride in Hong Kong March 10 2015
This content is from: New Zealand New Zealand to polish tax rules on debt remission New Zealand’s Inland Revenue has opened a public consultation on the taxation of debt remission amid questions on whether the activity could constitute tax avoidance. By Meredith McBride in Hong Kong March 09 2015
This content is from: Australia Australian taxpayers baulk at Labor Party’s challenge to thin-capitalisation Business leaders and advisers have strongly criticised a plan from Australia’s opposition Labor party to increase the tax burden on corporations by changing the thin-capitalisation threshold. By Meredith McBride in Hong Kong March 06 2015
This content is from: European Union Lamassoure to run European Parliament committee on tax rulings A French member of the European Parliament will front that institution's probe into tax rulings in EU member states. By Ralph Cunningham March 04 2015
This content is from: United States Bart le Blanc joins Norton Rose Fulbright Norton Rose Fulbright has hired Bart le Blanc from Loyens & Loeff to work in its Amsterdam office as a tax partner. By Joe Stanley-Smith March 03 2015
