This content is from: Direct Tax BEPS: The impact survey In May 2015, TP Week surveyed in-house tax professionals and found that 54% of them have been proactively taking steps to prepare for BEPS implementation. By Matthew Gilleard March 31 2016
This content is from: United Kingdom ANALYSIS: Osborne perpetuates UK core conflict on tax with Budget 2016 George Osborne, UK chancellor of the exchequer, has delivered his Budget 2016 speech, criticising “large companies that exploit loopholes” while lowering corporation tax to attract multinationals. The big ‘winners’ we... By Matthew Gilleard March 30 2016
This content is from: Global FATCA and CRS: The end of an era Sofia Stavridi, a Queen Mary University of London graduate now working in investment management tax services at a Big 4 firm in the UK, provides a refresher on FATCA and CRS, tracking the latest trends in global excha... March 30 2016
This content is from: Global The Brockman brief: The (post-BEPS) tax function of tomorrow The evolution of international taxation, driven by the OECD’s BEPS Actions, is eliciting new ways of thinking about the effective management of an internal tax function. March 30 2016
This content is from: European Union Brexit: What would it really mean for tax? Tim Sarson, a tax partner at KPMG in the UK, explains why tax professionals should probably ignore much of the noise around ‘Brexit’, at least for the time being. This clears the path for companies to focus on the cha... March 30 2016
This content is from: Global Q&A: Rosen Group: Talking tax in turbulent times for the oil sector Carolina Graterol, global head of tax and transfer pricing at Rosen Group, discusses boardroom expectations and the evolving role of tax across the company’s other functions. By Matthew Gilleard March 30 2016
This content is from: United States How patent boxes became the new normal Since October 2015, authorities have been reacting to the outcome of the BEPS Project. The implementation of new legislation and adaption of existing regulations to match the new OECD guidelines has already begun to i... March 30 2016
This content is from: Global Implementation of profit splits In the seventh in a series of articles on intangibles and finance, Tom Braukmann, Philip de Homont and Alexander Voegele, NERA Frankfurt, show how to implement a profit split system. March 30 2016
This content is from: United States Walmart triumphs in Puerto Rico tax case Retailer Walmart has won a $100 million tax case against the Puerto Rican Government in controversial circumstances. The multinational is the largest private sector employer in Puerto Rico. By Joe Stanley-Smith March 30 2016
This content is from: Canada Canada’s corporate income tax revenues projected to decline Canadian Prime Minister Justin Trudeau’s first federal Budget has a clear focus on economic growth, job creation and innovation although includes deficit financing measures, which has led economists to project a decli... By Amelia Schwanke March 29 2016
This content is from: Australia Asia Tax Awards shortlists announced The nominations for the Asia Tax Awards, which recognise excellence in tax advice to businesses in the region, are unveiled today. By Ralph Cunningham March 29 2016
This content is from: Singapore Economic growth expected from Singapore’s 2016 budget Singapore’s finance minister Heng Swee Keat paid attention to building stronger enterprises and nurturing innovative industries in the 2016 budget, with an expected overall budget surplus of S$3.4 billion ($1.6 billio... By Amelia Schwanke March 24 2016
This content is from: United States Analysing Facebook’s tax fiasco On March 4, two of the major UK newspapers’ online sites released two different stories about Facebook relocating its sales revenue to the UK. Differing views on the company’s tax liabilities reveal that Facebook’s ta... By Amelia Schwanke March 15 2016
This content is from: Chile Chile implements additional tax specifications Amendments have been introduced to the 2014 Chilean tax reform package, including an additional obligation that will strengthen Chile’s tax audit tools. By Amelia Schwanke March 14 2016
This content is from: Direct Tax NEW GUIDE NOW AVAILABLE - BEPS Is Broader Than Tax: Practical Business Implications of ... A new guide focusing on base erosion and profit shifting (BEPS) developments - BEPS is Broader Than Tax: Practical Business Implications of BEPS, published in association with EY - is now available online. By Matthew Gilleard March 12 2016
This content is from: United States Key takeaways from the revised US tax treaty model The revised US tax treaty model, which is the baseline text used by the US for treaty negotiations, places special consideration on bilateral treaties, as well as adding a number of benefits for cross-border transacti... By Amelia Schwanke March 09 2016
This content is from: Switzerland Switzerland delays revised VAT Act Laurent Lattmann and Patrick Imgrüth of Tax Partner AG – Taxand Switzerland outline proposed changes to the Swiss VAT Act, assess developments in the aviation industry and look at why implementation of the revised Act... March 09 2016
This content is from: Switzerland Corporate Tax Reform III in light of BEPS Andreas Fross and Markus Reese of Deloitte analyse the latest Swiss corporate tax reform developments in the context of wider international tax reform efforts. March 09 2016
This content is from: Germany From principal to profit split In the sixth in a series of articles on intangibles and finance, NERA Frankfurt’s Philip de Homont and Alexander Voegele show how to deal with low margins through a profit split system. March 09 2016
This content is from: Global The tax transactional survey 2016 International Tax Review analyses global M&A trends from the past year and highlights the leading firms for tax transactional advice by jurisdiction. March 09 2016
This content is from: India PoEM – Changing the Indian tax landscape Pinky Mehta, CFO of Aditya Birla Nuvo Limited and Rajeshree Sabnavis, partner at BMR & Associates, analyse recent developments around the constitution of a place of effective management (PoEM) in India, looking at how... March 09 2016
This content is from: Switzerland Switzerland on track with implementation of AEOI Rolf Wüthrich and Noëmi Kunz-Schenk of burckhardt track transparency developments in Switzerland, focusing on the adoption and implementation of automatic exchange of information (AEOI). March 09 2016
This content is from: United States The Brockman brief: CbCR: Surrogate parent entity – good idea, but will it work? The OECD’s BEPS Action 13: Country-by-Country Reporting Implementation Package introduced a ‘surrogate parent entity’ (surrogate) concept for the country-by-country (CbC) report. March 09 2016
This content is from: China State and local cooperation key to success of Chinese reform The Chinese government published the long-awaited “Blueprint for Deepening the Reform of Collection and Administration Systems of State and Local Tax Administrations” on December 24 2015. In this article, Wang Jun, Co... March 09 2016
This content is from: China The Cunningham column: China drags its tax system into line China has unveiled its plan for how its tax system operates and the different parts of if work together. Taxpayers calling for uniformity and consistency may be about to get their wish, believes Ralph Cunningham. March 09 2016
This content is from: United States US to finalise CbCR rules by end of June The US “fully expects” to have finalised its country-by-country reporting (CbCR) rules by June 30, according to Robert Stack, Treasury deputy assistant secretary for international tax affairs. By Contributed March 09 2016
This content is from: Luxembourg Luxembourg finance minister proposes corporate tax cut Luxembourg’s long-awaited tax reform contains a staggered three percentage point corporate tax cut, but lobbyists still want a further drop to increase the country’s competitiveness. By Amelia Schwanke March 07 2016
This content is from: Hong Kong SAR Hong Kong legislates for corporate treasury centres The Hong Kong Government recently gazetted a Bill which introduces a concessionary profits tax rate for qualifying corporate treasury centres (qualifying CTCs), new rules to deem certain interest income and other gain... By Contributed March 04 2016
This content is from: China LONG READ: China's Tax Reform: The Blueprint for Deepening the Reform of Collection and... The title is lengthy and unwieldy, but, as this translation, provided by the State Administration of Taxation shows, China’s ambitious tax reform, set out in 31 tasks, includes a focus on international tax cooperation... By Ralph Cunningham March 04 2016
This content is from: India Reflections on India's Budget 2016 Budget 2016 has provided a big thrust to the development of the agricultural economy and infrastructure in India while bringing about contemporary tax reforms in line with international practices. By Contributed March 02 2016
This content is from: New Zealand New Zealand passes taxation Bill The New Zealand Government passed a wide-ranging taxation Bill on February 24 2016, which includes measures that clarify GST and R&D tax rules for companies. By Amelia Schwanke March 02 2016
This content is from: Australia Australian Senate passes CRS legislation On February 29, the Australian Parliament passed the Bill that will implement the Common Reporting Standard (CRS) for the automatic exchange of financial account information. By Amelia Schwanke March 02 2016
