This content is from: United States EC grills 11 LuxLeaks multinationals on tax; extends mandate for tax rulings investigation Following the questioning of Anheuser-Busch InBev, Coca-Cola, Disney, IKEA, Amazon, Google, HSBC, Barclays, Facebook, Philip Morris International and McDonald’s, the mandate of the European Commission’s (EC’s) TAXE Co... By Joe Stanley-Smith November 26 2015
This content is from: Ireland Northern Ireland’s push for fiscal control A deal to resolve the political debate over Northern Ireland’s corporate tax autonomy has been announced, which will lead to a 12.5% Northern Irish corporate tax rate from April 2018. By Amelia Schwanke November 26 2015
This content is from: Ireland The UK’s tax policy battleground: Gauke vs Marris on top tax myths Financial Secretary to the UK Treasury David Gauke and the opposition Labour MP shadowing him, Rob Marris, have shared a platform for the first time since May’s election. By Joe Stanley-Smith November 25 2015
This content is from: United Kingdom UK Autumn Statement 2015: Osborne hits business with new levy, continues anti-avoidance... George Osborne, UK Chancellor of the Exchequer, has delivered his Autumn Statement, hitting employers with a new 0.5% charge on employers’ payrolls and pledging to bring in an extra £5 billion a year through tax avoid... By Matthew Gilleard November 25 2015
This content is from: United Kingdom UK collects less additional corporate tax revenue from big business investigations The UK’s revenue authority, HMRC, collected around an extra £3.5 billion in 2014-2015 by challenging large business on their corporate tax affairs - a lower figure than the £4 billion collected in 2013-2014. By Matthew Gilleard November 24 2015
This content is from: Italy Italy: Transactions with tax havens governed by proportionality (and reason) Italy has updated its rules governing transactions with parties located in tax havens. By ITR Correspondent November 24 2015
This content is from: Taiwan The battle over Taiwan’s capital gains levy ends The legislative Yuan (parliamentary branch of government) in Taiwan has passed an amendment to abolish the yet-to-be-implemented capital gains tax on stock investments. By Amelia Schwanke November 20 2015
This content is from: European Union G20 endorses BEPS package recommendations G20 leaders in Antalya, Turkey have endorsed the OECD’s recommendations to counter base erosion and profit shifting (BEPS). The endorsement came during the November 16 G20 summit By Matthew Gilleard November 17 2015
This content is from: India India to accelerate corporate tax cut India could slash its corporate tax rate sooner than expected, as the government sets out a roadmap for curtailing tax exemptions. By Matthew Gilleard November 10 2015
This content is from: United States Global powers top new financial secrecy ranking Major world powers rank highly in the latest edition of the Tax Justice Network's Financial Secrecy Index. The NGO acknowledges progress made in improving transparency since its last index, but says there remains a wa... By Salman Shaheen November 09 2015
This content is from: India India to introduce paperless revenue audits The Central Board of Direct Taxes (CBDT) in India has launched a pilot project of paperless revenue audits, under which tax officers will send Revenue audit notices and information requirements to the taxpayer via email. By Matthew Gilleard November 07 2015
This content is from: United Kingdom Parliamentary report says HMRC is failing taxpayers A report released by the Public Accounts Committee (PAC) on UK tax authority HMRC’s performance for 2014-2015 has revealed numerous concerns, and claims the tax authority is failing UK taxpayers. By Amelia Schwanke November 06 2015
This content is from: Sponsored Indonesia relaxes tax holiday rule and introduces debt-to-equity ratio The government recently issued regulations to revise tax holiday and introduction of maximum of debt-to-equity ratio. By ITR Correspondent November 04 2015
This content is from: Brazil Higher tax burden on M&A transactions in Brazil As Brazil endures economic and political instability, the valuation of businesses for M&A purposes is suffering. By ITR Correspondent November 03 2015
