This content is from: European Union EU plans to strengthen ties with the US to agree digital tax reforms The European Commission is set to propose two summits with the US in 2021 to discuss trade issues, but the taxation of the digital economy may be what holds back the old alliance. By Josh White November 30 2020
This content is from: Denmark Denmark’s proposed CFC changes pressure energy businesses The Danish government’s bill to change controlled foreign corporation (CFC) rules is facing criticism from the EU and business leaders for overreaching on the Anti-Tax Avoidance Directive (ATAD) by excluding an import... By Danish Mehboob November 30 2020
This content is from: Global Tax Talks: Ivan Ferreira, Siemens ITR's Senior Reporter Mattias Cruz speaks with Ivan Ferreira, tax and customs director at Siemens Brazil, about the changes to the role of tax professionals, the impact of COVID-19 and managing mental health. By Mattias Cruz Cano November 30 2020
This content is from: Global This week in tax: Controversy beckons in India and France Procter & Gamble may be about to enter a court battle with the Indian authorities following a National Anti-Profiteering Authority (NAA) decision, while countries including France risk reigniting trade wars to push th... By Anjana Haines November 27 2020
This content is from: Sponsored An initiative to hinder outsourcing in Mexico Viviana Belaunzarán and Rodrigo Covarrubias of Skatt take a closer look at the upcoming proposed reforms of labour provisions and highlight why this could concern businesses in Mexico. By Rodrigo Covarrubias & Skatt & Viviana Belaunzarán November 27 2020
This content is from: Global Efficiency and cost savings crucial to global tax transparency success Tax transparency regimes must be cost efficient and streamlined globally to minimise the burden on both businesses and tax authorities and safeguard taxpayer data, according to tax professionals from corporate, govern... By Alice Jones November 27 2020
This content is from: Global What can we hope for from BEPS 2.0 by mid-2021? Tax directors doubt that there will be an agreement on the OECD’s digital tax proposals in 2021, but want to see a commitment to address unilateral measures, tackle double taxation risks and finalise the scope as a mi... By Alice Jones November 24 2020
This content is from: Sponsored Chile reports a rise in tax challenges emerging from the pandemic Sandra Benedetto and Alejandra Salinas of PwC Chile consider how national lockdowns have created innovative tax challenges for cross-border workers. By Alejandra Salinas Aljovín & PwC Chile & Sandra Benedetto Back November 24 2020
This content is from: Direct Tax OECD director: FS sector should follow four areas in digital tax debate The role of fund managers and financial technology in the financial services (FS) sector is keeping negotiations about partial inclusion on the table for more than 137 countries participating in the digital tax debate. By Danish Mehboob November 23 2020
This content is from: Global This week in tax: IRS wins Coca-Cola case, while EU and OECD face criticism In the week that Coca-Cola lost its transfer pricing battle with the IRS, the EU and OECD have come under attack for failing to solve digital tax just as the US is preparing new sanctions. By Anjana Haines November 20 2020
This content is from: Global UN tax convention could overcome EU and OECD blind spots A report by the Tax Justice Network (TJN) argues that EU and OECD efforts on digital tax reforms should be superseded by a UN multilateral tax convention. It also proposes an excess profit tax, public country-by-count... By Alice Jones November 20 2020
This content is from: Sponsored US: New horizons for dispute resolution under pillar one’s Amount A Mark Martin and Thomas Bettge of KPMG in the US describe the Amount A tax certainty process in the recently released pillar one blueprint and explore how it might work in practice. By KPMG US & Mark Martin & Thomas Bettge November 19 2020
This content is from: United States Rising Stars Awards Americas 2020: shortlist announced Breaking new ground: Up and coming professionals from across the Americas shortlisted for the 2020 Rising Stars Awards By ITR Correspondent November 19 2020
This content is from: Sponsored States should embrace technology to address tax treaty obstacles Dany Teillant and Julien Metz of Deloitte Luxembourg explain the importance of digitalisation for tax authorities as they face increasing challenges in relation to the application and implementation of tax treaties. By Dany Teillant & Deloitte Luxembourg & Julien Metz November 19 2020
This content is from: Sponsored India: Tax treaty overrides dividend distribution tax, rules Delhi Tax Tribunal Shashidhar Upinkudru and Vishal Lohia of Dhruva Advisors assess the impact of the Tax Tribunal’s ruling and consider how this may affect the tax position of Indian companies with significant foreign parentage. By Dhruva Advisors & Shashidhar Upinkudru & Vishal Lohia November 19 2020
This content is from: Sponsored Significant tax changes expected for real estate companies in Poland from 2021/22 Justyna Bauta-Szostak and Łukasz Kupień of MDDP take a closer look at the obligations of real estate companies in Poland following the introduction of a bill to improve tax collection. By Justyna Bauta-Szostak & Łukasz Kupień & MDDP November 17 2020
This content is from: Sponsored China enhances regulation of technology sector Lewis Lu of KPMG sets out the key elements from China’s strategy of stepping-up its regulatory oversight of the evolving technological space. By KPMG China & Lewis Lu November 17 2020
This content is from: Global Taxpayers explore bolt-on TP solutions as audits rise Companies turn to bolt-on system solutions to manage a rise in audits after a year of unexpected transfer pricing (TP) adjustments due to the COVID-19 pandemic. By Danish Mehboob November 16 2020
This content is from: Sponsored Is Portugal's tax framework ready for the hydrogen economy? Filipe de Vasconcelos Fernandes of Vieira de Almeida looks at the tax challenges that lay ahead as Portugal embraces hydrogen, especially through the lens of the Energy Sector Extraordinary Contribution. By Filipe de Vasconcelos Fernandes & Vieira de Almeida November 16 2020
This content is from: Sponsored High Court of Justice compels Romanian tax authorities to observe the statute of limita... Emanuel Băncilă of EY Romania discusses the business implications of the ruling which bars Romanian tax authorities the power to audit taxpayers outside the five-year statute of limitation period. By Emanuel Băncilă & EY Romania November 16 2020
This content is from: Global Webinar: The business case for a tax engine ITR and Vertex Inc hosted a webinar at 3pm CET / 2pm GMT / 9am EST on Tuesday, December 8 to discuss a business case for a tax engine. Watch it for free on demand below. By Peter Boerhof & Prin Shasiharan & Roger Lindelauf & Vertex Inc November 16 2020
This content is from: Sponsored Patent box regimes in Italy: A look at clarifications from the Revenue Agency Gian Luca Nieddu and Barbara Scampuddu of Hager & Partners discuss the contents from the Italian Revenue Agency’s circular letter which aims to create a more accessible patent box regime. By Barbara Scampuddu & Gian Luca Nieddu & Hager & Partners November 13 2020
This content is from: Global MNEs grapple with tax implications of overseas employees Multinational enterprises (MNEs) should maintain documentation, track the location of their employees, and allow company directors to delegate responsibility to minimise permanent establishment (PE) and double taxatio... By Alice Jones November 13 2020
This content is from: Sponsored Applying the step-up upon immigration in Switzerland Jochen Wehrli-Ducaud and Mario Nivelnkötter of Deloitte Switzerland explain the step-up upon migration and its benefits. By Deloitte Switzerland & Jochen Wehrli-Ducaud & Mario Nivelnkötter November 13 2020
This content is from: United Kingdom HMRC advances real-time reporting for corporate tax HM Revenue & Customs (HMRC) is expanding its Making Tax Digital (MTD) regime to include corporate tax disclosures, but some taxpayers expect “teething challenges” following a number of problems in earlier iterations o... By Danish Mehboob November 13 2020
This content is from: United States Is Biden’s victory good news for the OECD digital tax talks? The OECD may find the US to be more engaged once President-elect Joe Biden takes office. However, the interests behind US policy have not changed and tariffs will stay on the table. By Josh White November 12 2020
This content is from: Sponsored New Zealand government expects to focus on the taxation of MNEs post-election Brendan Brown and Young-chan Jung of Russell McVeagh consider the tax developments that multinational businesses can expect following Jacinda Ardern and the Labour Party’s re-election in New Zealand. By Brendan Brown & Russell McVeagh & Young-chan Jung November 12 2020
This content is from: Sponsored A look at the proposed loss relief rules in the Netherlands Jian-Cheng Ku and Ilse Lagerweij of DLA Piper Netherlands assess the changes to the 2021 tax budget rules concerning the deductibility of losses. By DLA Piper Netherlands & Ilse Lagerweij & Jian-Cheng Ku November 12 2020
This content is from: Sponsored Financing sustainable growth in the EU: A new field of regulation Vassileios Mavrommatis of EY Law Greece takes a closer look at the EU’s initiatives towards a more resource-efficient economy through the ESG Disclosure Regulation, the ESG Taxonomy Regulation, and the Low Carbon Benc... By EY in Greece & Vassileios Mavrommatis November 12 2020
This content is from: Sponsored Mandatory disclosure rules (DAC6): A look at private equity investment in Luxembourg Diogo Duarte de Oliveira and Olivier dal Farra of Baker & McKenzie Luxembourg analyse the DAC6 hallmarks and consider how intermediaries may encounter them in the context of private equity investment structuring in Lu... By Baker McKenzie Luxembourg & Diogo Duarte de Oliveira & Olivier dal Farra November 10 2020
This content is from: Australia Glencore wins partial victory against the ATO Commodity company Glencore has secured a partial victory in its longstanding dispute with the Australian Tax Office (ATO) concerning its transfer pricing arrangements. By Josh White November 09 2020
This content is from: Direct Tax CbCR disclosures open audit questions, disputes could follow Audit activity returned in many jurisdictions in October, but yet more lockdown measures means a shift to desk-based audits and data-led analysis, including more queries about country-by-country reports. By Danish Mehboob November 09 2020
This content is from: Global This week in tax: US election uncertainty continues In the week that saw the US elections reach a nail-biting stalemate, the European Commission may be planning to go ahead with its digital tax plan regardless of whether the OECD reaches a final agreement. By Josh White November 06 2020
This content is from: Global Tax treaties at risk of political meddling Countries with minimal experience in negotiating tax treaties face obstacles including a lack of solid policy, damaging provisions in existing treaties, and political interference. By Alice Jones November 05 2020
This content is from: United States US elections cast doubt on the future of US tax reform Joe Biden’s narrow lead in the US presidential race means the Tax Cuts and Jobs Act (TCJA) could be rewritten to raise corporate tax and “beef up” the minimum tax rate in coming months. By Josh White November 05 2020
This content is from: Global Tax and the environment: Planting the seeds for a greener recovery Governments face a historic opportunity to make their economies more sustainable post-COVID-19. Mattias Cruz Cano explains how tax will be central to tackling the climate crisis, but there is no easy path to follow. By Mattias Cruz Cano November 04 2020
This content is from: Sponsored Deriving business opportunities from Italy’s COVID-19 measures Gian Luca Nieddu and Barbara Scampuddu of Hager & Partners consider the investment opportunities, which have arisen from the tax relief measures introduced to revive the Italian economy, following the initial outbreak... By Barbara Scampuddu & Gian Luca Nieddu & Hager & Partners November 04 2020
This content is from: Sponsored Ten key considerations to prepare for the post-Brexit landscape Businesses now have just two months to prepare for tax changes that take effect at the end of the transition period. Zoe Hawes of Deloitte UK explores some of the key changes from a tax perspective and the steps that ... By Deloitte UK & Zoe Hawes November 04 2020
This content is from: Global Tax Relief Because tax doesn’t have to be taxing. A less-than-serious look back at some of the quirkier tax stories from the past month. By Josh White November 04 2020
This content is from: Direct Tax Companies struggle to prepare for post-Brexit tax compliance While the coronavirus pandemic continues to weigh heavy on the shoulders of tax directors around the world, the tax implications of Brexit have not been forgotten. By Alice Jones & Mattias Cruz Cano November 04 2020
This content is from: Sponsored Women in Tax events highlight the key concerns of tax directors Taxpayers at ITR’s virtual Women in Tax forums held in the Americas and Europe say career progression requires the support of good mentors, a corporate sponsorship programme, building a good network and, most of all, ... By Alice Jones & Danish Mehboob November 04 2020
This content is from: Global In-house tax functions can help reduce corporate carbon footprints As more businesses incorporate environmental sustainability into their defined purpose, in-house tax functions can help facilitate reduced carbon emissions provided they have the support of senior management, says San... By Sandy Markwick November 04 2020
This content is from: Global How tax transparency is driving environmental accountability Keith Brockman looks at how tax transparency is creating a new incentive to develop tax strategies that promote sustainable growth. By Keith Brockman November 04 2020
This content is from: Market Insight Market insight There have been some significant new hires across a range of tax firms around the world. By Jon Moore November 04 2020
This content is from: Global Tax team principles can support corporate environment goals Giles Parsons explores ideas and principles that tax teams can adopt to promote a sustainable business strategy that aligns with their company’s objectives to become an environmentally-friendly business. By Giles Parsons November 04 2020
This content is from: Direct Tax Digital Economy Summit shines spotlight on OECD digital tax plans The OECD’s digital tax plans were the highlight of ITR’s Digital Economy Summit as the digital marketplace expands amid the COVID-19 pandemic and taxpayers speculate on multiple taxation risks ahead of global agreement. By Danish Mehboob & Josh White November 04 2020
This content is from: Global Tax Talks: Gemma Low, Royal Mail ITR reporter Alice Jones asks Gemma Low, tax automation manager at Royal Mail, about tax technology developments, career opportunities in tax, and how tax teams can support one another while working from home. By Alice Jones November 03 2020
This content is from: European Union EU may keep DST even after the OECD finalises digital tax plans Countries will need to remove unilateral digital tax measures as a condition for an OECD solution, but some advisors suggest the EU may not need to remove its proposed digital levy to reach an agreement. By Danish Mehboob November 02 2020
