Direct Tax

Archive: Direct Tax

This content is from: South Africa

South Africa proposes tax hikes in Budget

The 2016-2017 South African Budget, announced by minister of finance Pravin Gordhan on February 24, proposes tax hikes and government spending cuts to counter recent downgrades to the nation’s credit rating.
By Amelia Schwanke
February 26 2016
This content is from: United States

Budget presents Jaitley and Indian government with big opportunity

Dhruva Tax Advisors and International Tax Review will present an analysis of the Indian Budget shortly after it is announced on Monday.
By Ralph Cunningham
February 25 2016
This content is from: India

Indian Budget - what tax changes can multinational companies expect?

Taxpayers, tax advisers and politicos alike are eagerly awaiting India’s 2016 Budget, which will be released on Monday [February 29]. Will BEPS be covered, and which Action Points will feature? Will there be an update...
By Joe Stanley-Smith
February 25 2016
This content is from: Hong Kong SAR

Proposed tax deductions in Hong Kong’s 2016-2017 Budget

Hong Kong’s 2016-2017 Budget was announced on February 24. Financial secretary John Tsang proposed tax deductions intended to increase foreign corporate interest and stimulate local investment.
By Amelia Schwanke
February 25 2016
This content is from: United Kingdom

UK PAC: Impossible to judge fairness, but Google’s £130 million settlement ‘seems dispr...

The UK parliamentary Public Accounts Committee (PAC) has failed to reach a verdict in its report on the legitimacy of Google’s £130 million ($181 million) tax settlement with HMRC.
By Matthew Gilleard
February 24 2016
This content is from: United States

LONG READ: Latin America’s 2015-2016 tax treaty network

Latin America’s tax treaty network is undergoing serious reform as countries implement the BEPS project deliverables and incorporate these new strategies and frameworks into double taxation agreements (DTAs) to furthe...
By Joe Stanley-Smith
February 16 2016
This content is from: Italy

Digital economy: Italy's attempts to fight against aggressive tax planning

The Italian Budget Law for 2016 introduced a presumption of permanent establishment (Section 162 of Presidential Decree no 917/1986) in the land-based betting sector as well as reacting to the OECD’s base erosion and ...
By Contributed
February 16 2016
This content is from: Direct Tax

Impact of the OECD’s BEPS Project: The latest news in country-by-country reporting

Country-by-country reporting (CbCR) represents one of the biggest tax compliance and accounting changes that taxpayers must contend with in the post-BEPS environment. Are you prepared?
By Matthew Gilleard
February 15 2016
This content is from: United States

Obama’s final Budget flatters to deceive

On February 9 US President Barack Obama released his FY 2017 Budget, which targets large multinationals – particularly those in the fossil fuel and financial services industries, where tax hikes are proposed.
By Matthew Gilleard
February 12 2016
This content is from: United Kingdom

CBW expands tax team in London

Carter Backer Winter (CBW), London accountants, tax and business advisers, has taken on Lawrence Adair as a consultant for the tax department in London.
By Amelia Schwanke
February 09 2016
This content is from: Direct Tax

Mauritania’s tax regime for 2016 and its impact on economic growth

Despite a weakening global economy and turbulent market conditions, Mauritania has experienced sustained economic growth over the past decade.
By ITR Correspondent
February 08 2016
This content is from: Direct Tax

Brockman takes up new position at TEI

Keith Brockman, global tax director at Mars Chocolate UK and regular ITR columnist, has been appointed vice chairman of the direct tax committee for OECD matters at the Tax Executives Institute (TEI).
By Amelia Schwanke
February 05 2016
This content is from: Hong Kong SAR

Russian deal advances Hong Kong’s DTA agreements

Hong Kong’s newly signed double tax agreement (DTA) with Russia has supported the territory’s ongoing efforts to expand its international tax treaty network with jurisdictions along ‘the belt and road’.
By Amelia Schwanke
February 01 2016
This content is from: India

Committee suggests improvements to New Delhi Income Tax Act

India's Income Tax Simplification Committee (ITSC) has recommended amending income tax laws, specifically the Income Tax Act (ITA), to make it easier to do business in the country.
By Amelia Schwanke
February 01 2016
This content is from: United States

The new FIRPTA exemption for foreign pension funds

Babak Nikravesh, partner at Hogan Lovells, unpicks the new FIRPTA exemption for foreign pension funds.
February 01 2016
This content is from: United Kingdom

BEPS: Everything asset managers need to know

Sofia Stavridi, a Queen Mary University of London graduate now working in investment management tax services at a Big 4 firm in the UK, looks at the key BEPS actions impacting the asset management industry.
February 01 2016
This content is from: Global

The Brockman brief: Audit and risk transparency: Why it matters

‘Transparency’ is the latest term of art that has emerged from the OECD’s Action Plan with respect to its base erosion and profit shifting (BEPS) initiatives. But the obvious question that has consciously been ignored...
February 01 2016
This content is from: United Kingdom

UK: Changes for fund managers and new anti-hybrid rules

The UK draft Finance Bill 2016 was published on December 9 2015. Sandy Bhogal, head of tax at Mayer Brown in London, focuses on two topics of particular interest – new rules on taxation of performance-linked rewards f...
February 01 2016
This content is from: Direct Tax

The Global Tax 50 2015: The leaders creating an impact around the world

Now in its fifth year, International Tax Review’s Global Tax 50 provides a rundown of the who’s who of the tax world. One way or another, these individuals and organisations have had an impact or influence on taxation...
By Matthew Gilleard
February 01 2016
This content is from: Nigeria

BEPS and its influence on TP audit processes in Nigeria

Victor Adegite of KPMG looks at how the Nigerian Federal Inland Revenue Service has incorporated BEPS Project action points into its transfer pricing audit processes.
February 01 2016
This content is from: Australia

The Cunningham column: Asian Budgets to focus on national over international tax

The Budget season is about to start in Asia. Ralph Cunningham believes finance ministers are likely to prioritise local or regional concerns rather than get involved in any deep discussions about base erosion and prof...
By Ralph Cunningham
February 01 2016
This content is from: United States

US outbound transfers to foreign corporations

David Forst, Jim Fuller, Adam Halpern and Andrew Kim of Fenwick & West provide an update on recent US Treasury and IRS action which is impacting outbound transfers to foreign corporations. The impact of the Altera cas...
February 01 2016
This content is from: Global

Why international tax treaty networks are an Animal Farm

Fred Lo, vice president and global head of tax at Yanfeng Global Automotive Interiors, a joint venture between the automotive interiors businesses of Johnson Controls and Shanghai Motors, analyses recent tax treaty tr...
February 01 2016
This content is from: Mexico

2016 brings tax changes for foreign pension funds in Mexico

Mexico is one of the few countries with a special exemption regime for foreign pension funds investing in the country. This exemption was incorporated into the tax system as a general withholding exemption for such fu...
February 01 2016

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