This content is from: United States US continues innovation box push Congressmen Charles Boustany and Richard Neal have released a bipartisan discussion draft of innovation box legislation, showing the US’ commitment to pursuing measures to better attract and retain R&D investment, fol... By Matthew Gilleard July 29 2015
This content is from: Austria FTT could push financial institutions abroad Financial institutions including French bank BNP Paribas could leave the 11 countries involved in the proposed European financial transaction tax (FTT) to relocate their headquarters in financial centres such as Londo... By Joe Stanley-Smith July 29 2015
This content is from: Direct Tax Americas Tax Awards 2015: Shortlists revealed The nominees have been finalised for International Tax Review's Americas Tax Awards 2015. July 29 2015
This content is from: United States $95 billion US extenders package advances in Senate The US Senate Finance Committee has this week voted 23 to 3 to approve legislation extending more than 50 expired tax breaks, including some of keen interest to large, cross-border businesses such as the research and ... By Matthew Gilleard July 22 2015
This content is from: European Union Greek bailout requires VAT reform to be implemented today Greece’s widely-reported bailout deal hinges on the country’s politicians agreeing on a VAT reform package including several base-broadening measures today, with corporate tax also set to rise – though not as harshly ... By Joe Stanley-Smith July 14 2015
This content is from: United States Congressional working group releases US tax reform framework; urges patent box The Senate Finance Committee’s international tax reform working group, chaired by Senators Rob Portman and Chuck Schumer, has released its five-pillar framework for reforming the US tax code, concentrating on frequent... By Matthew Gilleard July 13 2015
This content is from: Russia Russia: Revised CFC rules for trusts and foundations Half a year after the initial version of the ‘deoffshorisation’ law came into effect, the Russian Finance Ministry is making progress with vital amendments to make the rules more balanced and clear, including the much... July 09 2015
This content is from: Global Illusory transparency: A symptom of BEPS complexity The inception of the OECD’s base erosion and profit shifting (BEPS) action plans was accompanied by new demands for fiscal transparency, ignoring omnipresent thorns of complexity. By Contributed July 09 2015
This content is from: United States European Tax Awards 2015 The Grosvenor House Hotel on London’s Park Lane was the new venue for the 11th annual European Tax Awards dinner on May 21. July 09 2015
This content is from: United States Foreign pension funds with US investments: Tax classification The tax classification of a foreign pension fund investing in the United States has major implications in terms of who is subject to tax, the applicable tax rate and the associated reporting obligations. Francis Helve... July 09 2015
This content is from: Global Vicious and virtuous circles: Planning for change with Schroders’ group tax head Joe Stanley-Smith talks to Sue Cooper, group head of tax at global asset management company Schroders, about inter-departmental cooperation, planning for change and the difference between vicious and virtuous circles. July 09 2015
This content is from: China Why tax treaties matter in Iraq’s evolving taxation landscape Imtiaz Ahmad of PetroChina argues the development of a tax treaty network would help the Iraqi government convince investors to support the revival of the economy. July 09 2015
This content is from: United States BEPS implementation in the US - Now comes the hard part While the OECD has political backing and momentum behind it, the organisation has no binding authority to implement legislation, so the engagement of key jurisdictions including the US will be central to the project's... July 09 2015
This content is from: India India's MAT: The government is listening Poonam Khaira Sidhu, commissioner and departmental representative at the Income Tax Appellate Tribunal (ITAT), New Delhi, talks about open dialogue between authorities and taxpayers, and the evidence that the Indian g... July 09 2015
This content is from: Sponsored Middle East: The impact of FATCA on financial institutions in the GCC With the US Foreign Account Tax Compliance Act (FATCA) reporting deadlines approaching, foreign financial institutions (FFIs) should ensure they understand the impact of FATCA in their organisation and the compliance ... By ITR Correspondent July 09 2015
This content is from: Bahrain Corporate tax and VAT coming soon to the UAE The United Arab Emirates (UAE) expects to finish drafting the laws for introducing corporate tax and VAT during the third quarter of 2015, a senior Ministry of Finance (MoF) official has said. By Joe Stanley-Smith July 07 2015
This content is from: United Kingdom UK Summer Budget: Osborne delivers another corporate tax cut George Osborne, UK chancellor of the exchequer, surprised businesses today in the first Conservative Budget in the UK for two decades by cutting the corporate tax rate, though not for two years. He also announced expe... By Matthew Gilleard July 07 2015
This content is from: United Kingdom UK Summer Budget preview: Tax simplification key for Osborne to unleash investment Businesses want George Osborne, the UK chancellor of the exchequer, to make the most of tomorrow’s Budget, the first since 1997 to be the exclusive product of Conservative party ideas after its general election victor... By Matthew Gilleard July 06 2015
This content is from: India Taxpayers get Indian MAT reprieve for now; Aberdeen case delayed until Castleton verdict Tax demands on foreign companies to pay India’s controversial minimum alternate tax (MAT) have been suspended until the Justice A P Shah Panel submits a report to the government on issues with the tax. By Joe Stanley-Smith July 01 2015
