This content is from: United States Facebook, Google and Kering Group questioned by EU MEPs Facebook and Google emphasised the importance of international consensus on changes to the international tax system to tax the digital economy and the scope of value creation during an EU Parliament committee hearing. By Joe Stanley-Smith November 30 2018
This content is from: Austria EU Parliament calls for cum-ex schemes inquiry and tougher rules The cum-ex and cum-cum schemes that defrauded EU financial hubs of billions of euros continue to exist in other forms across Europe. An investigations unit and stricter laws could be introduced to tackle the fraud fol... By Danish Mehboob November 30 2018
This content is from: Mauritius Mauritius remains a favourite among treaty shoppers Treaty shopping is still a common practice among taxpayers when investing in Africa, and Mauritius remains one of the best jurisdictions for minimising tax liabilities. By Danish Mehboob November 28 2018
This content is from: Canada Bennett Jones adds five to its tax team The Canadian firm Bennett Jones has appointed Ed Kroft, Jehad Haymour, and Deborah Toaze as partners and Sophie Virji and Eric Brown as associates to the Vancouver, Calgary and Toronto offices. November 28 2018
This content is from: Japan Businesses call for wider Japan tax reform after consumption tax rise Japanese businesses are nervous that public pressure could again postpone an increase to the consumption tax rate, further delaying the overhaul of the tax system that they want. By Alexander Hartley November 28 2018
This content is from: United States Canada announces deficit-financed tax incentives that risk future tax hikes Canadian Finance Minister Bill Morneau announced several tax measures in the Fall Economic Statement to persuade companies to invest long-term, but the incentives raise the country’s deficit and risk more taxes in the... November 23 2018
This content is from: Australia Countries disagree on advantages of MLI ‘synthesised texts’ Jurisdictions are beginning to create ‘synthesised texts’ to help taxpayers understand how the OECD’s multilateral instrument (MLI) interacts with bilateral double tax treaties, but some believe they do not offer the ... November 23 2018
This content is from: Canada Luxembourg treaty exemption for gains from immovable property The Tax Court of Canada recently found in Alta Energy Luxembourg v the Queen, 2018 TCC 152 (August 22 2018) that a non-resident was entitled to exemption from Canadian tax under the Canada-Luxembourg Income Tax Conven... By ITR Correspondent November 22 2018
This content is from: United Kingdom Crowe hires tax partner in London office Caroline Fleet, a real estate tax specialist, has joined Crowe’s tax team in London. November 20 2018
This content is from: United States Proposed US regulations expand scope on tax-free foreign income Proposed regulations for section 956 of the Internal Revenue Code could offer US multinationals the ability to use up to 100% of CFC assets as collateral for loans and other transactions, but there is uncertainty over... By Contributed November 19 2018
This content is from: Global Nigeria’s Tunde Fowler: Digital tax solution must work for everyone Nigerian revenue authority leader Tunde Fowler has emphasised the importance of coming up with a digital taxation solution that works for both developing and developed countries, as well as the business community. By Joe Stanley-Smith November 16 2018
This content is from: United States Tax heads relieved as EU’s digital tax hits a roadblock Tax directors across Europe and the US are glad to hear the EU’s digital tax proposals have been delayed because they “create chaos”, contain too many uncertainties and can be applied in “all sorts of ways”. By Josh White November 13 2018
This content is from: Malaysia Malaysia budget proposals may encourage aggressive tax tactics In-house executives predict tax planning will become more aggressive in Malaysia following changes announced in the annual budget on how they can use tax losses. By Joe Stanley-Smith November 12 2018
This content is from: European Union Paradise Papers fail to expedite tax changes a year after scandal A year after the release of the Paradise Papers, some politicians, tax justice campaigners, and legal professionals believe too little has changed. Actions beyond the BEPS project may be necessary, says one MP. By Josh White November 08 2018
This content is from: Brazil Brazil: Personal use of off-the-shelf software not subject to withholding tax The federal Brazilian tax authority (RFB) has confirmed that off-the-shelf software acquired for personal use should not be subject to withholding tax. By Fernando Giacobbo & Mark Conomy & PwC Brazil November 08 2018
This content is from: United States US tax director shares his approach to success in global tax The tax director of a fast-growing American online business using data to deliver a global digital service shares his secrets of tax success with International Tax Review. By Joe Stanley-Smith November 07 2018
This content is from: United States US mid-term elections spell gridlock for taxpayers A divided Congress following the mid-term elections means US businesses can expect the Tax Cuts and Jobs Act (TCJA) to stay, but the possibility of a broad technical corrections bill is dead in the water. By Josh White November 07 2018
This content is from: Sponsored What is happening with the tax treatment of foreign insurance undertakings? Public information contained in the official register of the Spanish insurance supervisor states that there are 77 insurance and reinsurance undertakings (referred to as insurers henceforth) operating in Spain under t... By ITR Correspondent November 06 2018
This content is from: Guernsey UK MPs prepared to impose public registers on crown dependencies British MPs may be preparing to impose public beneficial ownership registers on the UK’s crown dependencies if places like Jersey don’t voluntarily open their books and expose the real owners of major companies. By Josh White November 02 2018
This content is from: Brazil Brazil: Payments for trademark use to French entity subject to withholding tax The Federal Brazilian tax authority (RFB) has confirmed that payments for the right to use trademarks and know-how to a French entity should be subject to income withholding tax and CIDE. By Fernando Giacobbo & Mark Conomy & PwC Brazil November 02 2018
