Direct Tax

Archive: Direct Tax

This content is from: United Kingdom

Autumn Statement: UK to continue with tax commitments

UK Chancellor of the Exchequer Philip Hammond intends to make the UK “match-fit” for a post-Brexit Britain, which includes continuing with previously announced tax measures, boostingg innovation and infrastructure, an...
By Anjana Haines
November 23 2016
This content is from: United States

Trump could repeal Section 385 amendments during tax reform

The end of burdensome section 385 regulations could be possible after President-Elect Donald Trump lowers the US corporate tax rate to between 15% and 20%.
By Joe Stanley-Smith
November 22 2016
This content is from: United States

UK Prime Minister reignites ‘race to the bottom’ on corporate taxes

UK Prime Minister Theresa May has once again sparked the so-called ‘race to the bottom’ on corporate tax rates after she said that she wants the UK to have the lowest corporate tax rate among G20 member countries.
By Anjana Haines
November 22 2016
This content is from: United Kingdom

UK Autumn Statement preview: A fiscal reset or just a tune-up?

As UK Prime Minister Theresa May announces a major boost to businesses with a review of research and development incentives to ensure the UK can compete globally, we look at what Chancellor of the Exchequer Philip Ham...
By Anjana Haines
November 21 2016
This content is from: Austria

Hungary to introduce EU’s lowest corporate tax rate

In a development that could bolster increased foreign investment into Hungary, the government has announced a cut to its standard corporate levy that will make it Europe’s lowest corporate tax rate.
By Anjana Haines
November 18 2016
This content is from: Australia

Four foreign companies avoided Australian tax, High Court rules

Four foreign companies will have to pay back millions in avoided taxes after losing a dispute over their tax residency statuses in the Australian High Court.
By Anjana Haines
November 18 2016
This content is from: Austria

Switzerland terminates withholding tax agreements with Austria and UK

The withholding tax (WHT) agreement held by Switzerland with Austria and the UK will be terminated on January 1 2017, the Swiss authorities have announced.
By Anjana Haines
November 14 2016
This content is from: Austria

Austrian group taxation – an overview

Companies are, by law, separate and independent entities. Any profit derived by a corporation is subject to Austrian corporate income tax at a flat rate of 25% regardless of whether the profit is distributed to shareh...
By ITR Correspondent
November 14 2016
This content is from: Austria

Ireland formally appeals EC decision in Apple

Ireland has submitted a formal appeal against the decision by the European Commission’s (EC’s) decision in Apple.
By Joe Stanley-Smith
November 09 2016
This content is from: European Union

ECOFIN reacts to EC’s corporate tax plans

The EU Economic and Financial Affairs Council (ECOFIN) has weighed in on the European Commission’s (EC’s) proposals to target profit shifting opportunities used by the biggest multinational groups.
By Anjana Haines
November 09 2016
This content is from: United States

Donald Trump elected US president

Republican candidate Donald Trump has been elected as the 45th US president in a climax to an extraordinary, polarising and bitter campaign.
By Amelia Schwanke
November 09 2016
This content is from: South Korea

South Korea to introduce CbCR and extend reliefs for foreign workers

South Korea’s Ministry of Strategy and Finance has proposed tax law amendments that will be effective from January 1 2017 once the National Assembly has approved them.
By Contributed
November 07 2016
This content is from: Australia

Australia to amend non-resident withholding tax regime

Non-resident taxpayers could be subject to a revised withholding tax regime on all their Australian-sourced income under proposals unveiled by the Treasury.
By Anjana Haines
November 03 2016
This content is from: Global

World Tax guide to the best tax advisers launched

World Tax 2017, International Tax Review's guide to the leading tax advisory practices around the world, including law and accountancy firms, is live and free to view now.
By Joe Stanley-Smith
November 03 2016
This content is from: Global

Modernising MAP – BEPS Action 14 to improve dispute resolution

Following approval by all members of the BEPS inclusive framework, the OECD has publicly released the substance and process for the peer review of BEPS Action 14.
November 02 2016

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