This content is from: Sponsored A glance at the evolution of the pharmaceutical clawback in Greece Julia Pournara of EY Law Greece explores the growth of the concept of pharmaceutical clawbacks and considers its impact on the economy. By EY in Greece & Julia Pournara July 31 2020
This content is from: Sponsored Consolidating the Brazilian payments industry Jorge F Lopes and Paula Zugaib Destruti of Pinheiro Neto explore the role of taxation, among other variables, which have contributed to the growth and stabilisation of the payments industry in Brazil. By Jorge F Lopes & Paula Zugaib Destruti & Pinheiro Neto July 30 2020
This content is from: Global Companies cautious of post-COVID tax incentives and private rulings Tax directors are cautious about new tax incentives and private rulings being offered to attract foreign direct investment because of the changing economic situation and reputational risk. By Alice Jones July 30 2020
This content is from: Sponsored The effect of Brexit on Portugal: What happens next? Ricardo Seabra Moura and Joana Sequeira of Vieira de Almeida examine the tax implications for Portugal as the UK prepares to exit the EU. By Joana Sequeira & Ricardo Seabra Moura & Vieira de Almeida July 30 2020
This content is from: Tax Disputes How California’s Office of Tax Appeals decides cases within 100 days California’s Office of Tax Appeals (OTA) explains how it delivers its final opinions on appeals within 100 days of a hearing, despite receiving more than 120 new appeals every month. By Anjana Haines July 30 2020
This content is from: Sponsored Applying OECD guidance to financial transactions Stephen Weston, Silke Imig and Priscilla Ratilal interpret the potential impact of the OECD’s guidance for businesses in the financial services sector. By Deloitte Transfer Pricing Global & Priscilla Ratilal & Silke Imig & Stephen Weston July 29 2020
This content is from: Sponsored Welcoming a liberal era for financial services firms in China John Leightley, Xiaoli Huang and Samuel Gordon discuss how transfer pricing (TP) considerations will evolve for financial services firms as China takes calculated steps towards liberalising its economy. By Deloitte Transfer Pricing Global & John Leightley & Samuel Gordon & Xiaoli Huang July 29 2020
This content is from: Sponsored Recovering from a pandemic: Examining transactions in the real estate sector Bill Yohana, Chad Lusted and Stan Hales assess how the COVID-19 economic environment has affected tax and transfer pricing (TP) considerations associated with the real estate sector. By Bill Yohana & Chad Lusted & Deloitte Transfer Pricing Global & Stanley Hales July 29 2020
This content is from: Sponsored New Zealand: Changes to foreign investment consent rules include tax measures Brendan Brown and Matt Woolley of Russell McVeagh outline the tax implications following amendments to New Zealand’s overseas investment regime. By Brendan Brown & Matt Woolley & Russell McVeagh July 28 2020
This content is from: Sponsored EU mandatory disclosure: Irish guidance notes at a glance Michelle Daly of Matheson looks at the key features included in Ireland’s guidance notes concerning the practical application of DAC6 By Matheson & Michelle Daly July 28 2020
This content is from: Sponsored China: Master plan for Hainan free-trade port unveiled Lewis Lu of KPMG China sets out the low tax rates and simplified tax categories planned for the Hainan hubs in development. By KPMG China & Lewis Lu July 28 2020
This content is from: Sponsored Chile: New items of deductible expenses Rodrigo Winter and Raúl Fuentes of PwC Chile review the changes and lay out the new requirements to be met. By PwC Chile & Raul Fuentes Ugalde & Rodrigo Winter Salgado July 27 2020
This content is from: United States Uber prepares for long-term TP changes after COVID-19 Francois Chadwick, vice president of finance, tax, and accounting at Uber, is working with KPMG on efforts to monitor global tax guidance and possibly adjust the company’s transfer pricing (TP) policy. By Danish Mehboob July 27 2020
This content is from: Sponsored Greece: The art of applying indirect audit methods Konstantina Galli of EY Greece explores the mechanics of the application of indirect audit methods, and considers their effectiveness. By EY in Greece & Konstantina Galli July 27 2020
This content is from: Global Success through COVID-19 presents unique obstacles One head of tax of a company that has thrived through COVID-19 discusses revising effective tax rate forecasts, the transfer pricing (TP) implications of exceptional profits, and corporate residency concerns. By Mattias Cruz Cano July 27 2020
This content is from: Sponsored Italy: Relaunch decree aims to restore the economy after the COVID-19 emergency Gian Luca Nieddu and Barbara Scampuddu of Hager & Partners explain the tax breaks put forward in the government’s ambitious relaunch decree following the coronavirus pandemic. By Barbara Scampuddu & Gian Luca Nieddu & Hager & Partners July 27 2020
This content is from: Sponsored Hong Kong SAR: Relief measures are tax-exempt under the anti-epidemic fund Lewis Lu and John Timpany of KPMG analyse the tax exemptions provided on subsidies and financial assistance granted under the anti-epidemic fund. By John Timpany & KPMG Hong Kong & Lewis Lu July 27 2020
This content is from: Sponsored Peru: Assessing the trail to economic recovery Miguel Mur and Doris Nicho of Miguel Mur Abogados evaluate the success of the Peruvian government’s steps taken to manage the economic uncertainty caused by the coronavirus pandemic. By Doris Nicho & Miguel Mur & Miguel Mur Abogados July 23 2020
This content is from: Sponsored Chile: Implementing the tax reform in full force Sandra Benedetto and Jonatan Israel of PwC Chile explain why it is crucial for foreign investors to keep track of progress as Chile bids to modernise its tax system. By Jonatan Israel & PwC Chile & Sandra Benedetto Back July 23 2020
This content is from: Sponsored Getting ready to recover against the odds – ITR’s Latin America Special Focus launched As Latin America sets out game plans for a quick recovery, ITR has partnered with leading experts to give you the key takeaways from the region's tax and transfer pricing world. By Prin Shasiharan July 23 2020
This content is from: Global Desk audits for MNEs to increase after COVID-19 Physical distancing measures and a backlog of cases may see tax authorities turn from field to desk audits that may be more aggressive as governments try to recover the costs of the pandemic. By Alice Jones July 23 2020
This content is from: Global Looking beyond the pandemic – ITR's M&A Special Focus launched Produced in collaboration with tax experts from across the globe, ITR is delighted to launch the 2020 edition of our Mergers and Acquisitions guide. By Prin Shasiharan July 21 2020
This content is from: Sponsored Switzerland to strengthen its position as a bond and intra-group financing location Rolf Wüthrich of burckhardt Ltd considers how proposed changes to Swiss withholding tax and the stamp duty system can strengthen the country’s capital market and attract foreign investors. By Burckhardt & Rolf Wüthrich July 21 2020
This content is from: Sponsored Examining transactional tax in Korea with a restructuring boom on the horizon As increased opportunities for consolidation should emerge in the months ahead, Kyu Dong Kim and Jeremy Everett of Yulchon set out the key transactional tax considerations for businesses. By Jeremy Everett & Kyu Dong Kim & Yulchon July 21 2020
This content is from: Sponsored Evaluating the tax implications of M&A activity in Mexico Ana Paula Pardo, Jorge San Martín Elizondo and Mariam Bojalil Lerch of SMPS Legal explore how firms can best position themselves with Mexico’s varied tax framework following significant tax changes in 2019. By Ana Paula Pardo & Jorge San Martín Elizondo & Mariam Bojalil Lerch & SMPS Legal July 21 2020
This content is from: Sponsored Tracing the growth of representations and warranties insurance in Mexico Federico Scheffler and Andrea Trejo of Galicia Abogados explore the tax impact as the Mexican mergers and acquisitions (M&A) market attempts to streamline transactional processes. By Andrea Trejo & Federico Scheffler & Galicia Abogados July 21 2020
This content is from: Sponsored There’s no place like home: 2020 China M&A trends and tax implications The changing international economic landscape in 2020 has driven increased merger and acquisition (M&A) activity in China, including an increase in Chinese enterprises looking to ‘go home’. John Gu, Michael Wong and M... By John Gu & KPMG China & Michael Wong & Milano Fang July 21 2020
This content is from: India Landmark Indian cases on the scope of preparatory and auxiliary activities Sanjeev Sharma, principal director of income tax (investigation) at the India Income Tax Department, discusses recent court decisions in India concerning the scope of ‘preparatory’ and ‘auxiliary’ activities. By Sanjeev Sharma July 21 2020
This content is from: Mauritius Is the Mauritius tax treaty network crumbling? Tax researchers and academics expect a long-term domino effect on treaty renegotiations across Africa after Senegal and Zambia terminated their double tax agreements with Mauritius and countries want to maximise their... By Danish Mehboob July 20 2020
This content is from: European Union EU moves one step closer to DAC7 with anti-fraud tax package The European Union has released a three-pillar approach for fair and simple taxation that includes a 25-point action plan, a seventh iteration of the Directive on Administrative Cooperation (DAC7), and a good tax gove... By Alice Jones July 16 2020
This content is from: India The difficulties of testing preparatory and auxiliary activities Sanjeev Sharma, principal director of income tax (investigation) at the India Income Tax Department, considers how the ‘preparatory’ and ‘auxiliary’ test has become difficult to apply, despite amendments to the OECD a... By Sanjeev Sharma July 16 2020
This content is from: Global OECD tax chief fears pillar two will not find support without pillar one The OECD’s two-pillar proposal to address the tax challenges of the digitalised economy are technically different, but it is unlikely that one pillar would be adopted without the other, according to the OECD’s Pascal ... By Danish Mehboob July 14 2020
This content is from: European Union Germany’s stance on DAC6 reporting undermines wider EU deferrals Advisors are surprised to see Germany choosing not to defer its DAC6 reporting deadlines. This means many EU-based multinational companies and their intermediaries will need to report historical arrangements sooner th... By Danish Mehboob July 13 2020
This content is from: United Kingdom Higher taxes expected in next UK budget to pay for COVID spending Tax increases are anticipated in the UK autumn budget to recoup COVID-19 expenses after the Chancellor of the Exchequer used his economic statement to announce more costly measures to support the struggling economy. By Alice Jones July 10 2020
This content is from: Sponsored Modifying the tax treatment of inheritance and donations in Chile Juan Pablo Pincheira and Alejandra Salinas of PwC Chile evaluate the effectiveness of the modifications made to the law on inheritance tax in Chile. By Alejandra Salinas Aljovín & Juan Pablo Pincheira & PwC Chile July 08 2020
This content is from: Global Tax Talks: Jayesh Rajyaguru, Wilmington ITR Senior Reporter Mattias Cruz asks Jayesh Rajyaguru, global head of tax at Wilmington plc, on his approach to managing the UK's IR35 changes, Brexit, becoming a tax director, digital requirements of the tax functio... By Mattias Cruz Cano July 08 2020
This content is from: Global OECD corporate tax statistics use CbCR data for the first time Tax policymakers and economists finally have access to data on the tax and economic activities of large multinationals for a better picture of the international tax system and BEPS. By Danish Mehboob July 08 2020
This content is from: China Webinar: The development of China's Hainan free-trade port ITR and KPMG China will host a webinar on July 21 to discuss the business implications of China's development of the Hainan free trade port. By Han Sheng Jian & KPMG China & Nicole Zhang & Prin Shasiharan July 08 2020
This content is from: Sponsored Brazil takes steps to clarify effect of PIS/COFINS on exports Alvaro Pereira and Mark Conomy of PwC Brazil round up the latest developments from the Brazilian tax authorities on the application of PIS/COFINS over exportations. By Alvaro Pereira & Mark Conomy & PwC Brazil July 06 2020
This content is from: Global Survey results: Dispute management tools need updating Tax professionals told ITR that tax dispute management tools and procedures need reforming and the COVID-19 pandemic has exacerbated ongoing transfer pricing challenges in international tax. By Danish Mehboob July 06 2020
This content is from: Global Tax Reports: July edition ITR’s team of reporters highlight the key trends and topics that have dominated the news over the past few weeks and the upcoming developments that may influence your tax plans in a short podcast. By Anjana Haines July 06 2020
This content is from: Sponsored The transposition of DAC6 in Spain Juan Luis Zayas Zabala and Nicolás Cremades Leguina of Garrigues explore what the introduction of DAC6 means for the Spanish tax world. By Garrigues Spain & Juan Luis Zayas & Nicolás Cremades July 06 2020
This content is from: Global Tax Leaders Expert Guide 2020 is live: The leading tax practitioners in the world The Tax Leaders Expert Guide, the leading international publication that lists the world’s top tax advisors, has released its results for 2020. The latest research cycle has been the most comprehensive to date by reac... By Jon Moore July 06 2020
This content is from: European Union OECD model rules for digital platforms will pave the way for DAC7 The OECD’s latest model rules for reporting taxable transactions in the digital economy will shape the European Commission’s plans to expand the Directive on Administrative Cooperation (DAC) and automatic exchange rul... By Danish Mehboob July 06 2020
This content is from: Sponsored The shift in Brazil’s tax collection liability to marketplace platforms Marcelo Marques Roncaglia and Gabriela Conca of Pinheiro Neto discuss how Brazilian tax authorities are contemplating a response to reflect the country’s increased usage of e-commerce. By Gabriela Conca & Marcelo Marques Roncaglia & Pinheiro Neto July 03 2020
This content is from: Sponsored Italian Central Revenue permits majority stake contributions into newcos Gian Luca Nieddu and Barbara Scampuddu of Hager & Partners discuss the recent decision which ruled that the contribution of a majority stake into a new company was not an abuse of the law. By Barbara Scampuddu & Gian Luca Nieddu & Hager & Partners July 03 2020
This content is from: Sponsored Zurich opts to go against Swiss double taxation rules Renaat Van den Eeckhaut and Dominique Frison of Deloitte Switzerland discuss how tax authorities in the Canton of Zurich have taken a unique position regarding the taxation of foreign home office workdays. By Deloitte Switzerland & Dominique Frison & Renaat Van den Eeckhaut July 02 2020
This content is from: Global Survey: Tax and the environment Take our short anonymous survey to share your views on the relationship between tax and the environment, discussing perceptions, attitudes and the necessary next steps to fight environmental damage through tax policy. By Mattias Cruz Cano July 01 2020
This content is from: Global Webinar: How to overcome the common tax pitfalls of carve-outs ITR and professional services firm TMF Group will host a webinar on July 16 on the tax dimensions of carve-outs, discussing how professionals can plan to successfully implement them in a cross-border setting. By Emine Constantin & Prin Shasiharan & TMF Group July 01 2020
