This content is from: Sponsored A closer look at the Shell Energy decision and recent reforms in Australia Jock McCormack of DLA Piper discusses the recent Full Federal Court decision in the Shell Energy Holdings Australia Ltd case, and summarises recent legislative reforms affecting alternative investments and patents. By DLA Piper Australia & Jock McCormack February 28 2022
This content is from: European Union EU Council starts screening Russia and Israel for blacklist 11 countries including Russia and Israel are on the EU’s watchlist for harmful tax practices. They must improve tax governance by October 2022 to avoid being on the list of non-cooperative tax jurisdictions (blacklist). By Danish Mehboob February 28 2022
This content is from: Direct Tax ITR Global Tax 50 2021-22: DAC7 The EU is set to move towards greater harmonisation of tax reporting under DAC7, including rules for revenue made by sellers on digital platforms. By Danish Mehboob February 28 2022
This content is from: United Kingdom This week in tax: Channel Islands issue warning over Russia sanctions Russia is facing several economic sanctions for its invasion of Ukraine. UK sanctions will depend on action in low-tax jurisdictions such Guernsey and Jersey to restrict Russian capital. By Josh White & Leanna Reeves February 25 2022
This content is from: Sponsored Tax Insights: Deloitte discuss tax innovation and solutions across the Americas ITR Americas Tax Awards winners Chuck Kosal, Jennifer Deutsch and Kristine Riisberg discuss how Deloitte is embracing tax transformation across the Americas, in a podcast. By Chuck Kosal & Deloitte Transfer Pricing Global & Jennifer Deutsch & Kristine Riisberg & Prin Shasiharan February 24 2022
This content is from: Sponsored Taxpayers await Brazilian Supreme Court decision on date of tax refunds Leandro Lucon, Rodrigo da Cunha Ferreira and Julia Ferreira Cossi Barbosa of Finocchio & Ustra discuss a Supreme Court ruling on the refund of unduly paid taxes. By Finocchio & Ustra & Julia Ferreira Cossi Barbosa & Leandro Lucon & Rodrigo da Cunha Ferreira February 23 2022
This content is from: European Union ITR Global Tax 50 2021-22: Paul Tang The Dutch member of the European Parliament (MEP) and chair of the European Parliament Sub-Committee on Tax Matters (FISC) talks to ITR about how the fight against tax avoidance progressed in 2021. By Alice Jones February 23 2022
This content is from: Sponsored Applying Swiss interest rates to advances or loans in 2022 Peter von Burg and Rolf Wüthrich of burckhardt discuss interest rates applicable to advances or loans in Switzerland and consider the consequences of non-compliance. By Burckhardt & Peter von Burg & Rolf Wüthrich February 23 2022
This content is from: Sponsored Looking forward to growth – ITR’s Switzerland Special Focus launched ITR has partnered with leading tax advisors to provide insights into Switzerland’s tax landscape in 2022 and beyond. By Lorraine Yardley February 23 2022
This content is from: Switzerland Swiss withholding tax and stamp duty reform strengthens the debt capital market Manuel Angehrn and Steven Gruendel of Deloitte Switzerland explain why Switzerland’s withholding tax and stamp duty reform is making the debt capital market even more attractive. By Deloitte Switzerland & Manuel Angehrn & Steven Gruendel February 23 2022
This content is from: Sponsored Impact of the OECD/G20 minimum taxation rules in Switzerland Dr Alberto Lissi and Tom Lawson of Tax Partner AG - Taxand Switzerland describe how the OECD/G20 minimum taxation rules will impact multinational enterprises in Switzerland. By Alberto Lissi & Tax Partner AG, Taxand Switzerland & Tom Lawson February 23 2022
This content is from: Sponsored Malaysian IRB fails to recover RM1.8 billion in tax S Saravana Kumar and Nur Amira Ahmad Azhar of Rosli Dahlan Saravana Partnership discuss a high court case clarifying reinvestment allowance for capital expenditure. By Nur Amira Ahmad Azhar & Rosli Dahlan Saravana Partnership & S Saravana Kumar February 22 2022
This content is from: Sponsored Mexico City’s exploitation fee raises constitutional and legal issues Ángel Escalante and Juan Manuel Morán of Escalante & Asociados examine whether a new fee for the use of the public infrastructure in Mexico City is a gateway to double or multiple taxation. By Ángel Escalante Carpio & Escalante & Asociados & Juan Manuel Morán February 21 2022
This content is from: Sponsored Income of India’s non-residents: Taxable on receipt or accrual basis? Puneet Jain and Aanchal Jain of Lakshmikumaran & Sridharan discuss the controversy on taxability of royalty, FTS and interest on receipt basis in India from the perspective of non-residents. By Aanchal Jain & Lakshmikumaran & Sridharan & Puneet Jain February 21 2022
This content is from: United States This week in tax: US considers suspending gas tax The US government is weighing up whether to suspend its gas tax of 18.4 cents per gallon of petrol because of rising inflation, despite its commitments to tackle climate change. By Danish Mehboob & Josh White & Leanna Reeves February 18 2022
This content is from: Sponsored Statements clarify taxation of employee share schemes in Norway Linda K Rollefsen and Lene Bergersen of Deloitte Norway explain two recent interpretative statements from the Norwegian Directorate of Taxes and discuss how they will affect the taxation of employee share incentive sc... By Deloitte Norway & Lene Bergersen & Linda Kristin Rollefsen February 18 2022
This content is from: Sponsored Will pillar two mark the beginning of the end for international tax planning? Kirsten Debono Huskinson and Andrea Darmanin of Camilleri Preziosi Advocates provide an update on pillar two. By Andrea Darmanin & Camilleri Preziosi & Kirsten Debono Huskinson February 18 2022
This content is from: Sponsored Source taxation of fees for technical services: Indian domestic law v. tax treaties S Vasudevan and Harshit Khurana of Lakshmikumaran & Sridharan compare the scope of source rule of taxation of FTS, royalty and interest under Indian domestic law and tax treaties. By Harshit Khurana & Lakshmikumaran & Sridharan & S Vasudevan February 17 2022
This content is from: Global ITR Global Tax 50 2021-22: Pandora Papers The Pandora Papers data leak, published in October 2021, continues the long line of tax avoidance scandals from LuxLeaks to the Paradise Papers. The scandal drew attention once again to corporate tax affairs. By Alice Jones February 16 2022
This content is from: Sponsored US: New regulations apply nexus rule restricting eligibility for US foreign tax credits Mark Martin and Thomas Bettge of KPMG in the US discuss certain aspects of recent US Treasury final regulations regarding foreign tax creditability. By KPMG US & Mark Martin & Thomas Bettge February 16 2022
This content is from: Sponsored Sustainability drives innovation: Using tax and grant incentives to fund sustainability... Brian McDonnell of Deloitte Ireland provides an overview of grant and tax incentives that can be used to help fund investments to meet new carbon targets. By Brian McDonnell & Deloitte Ireland February 16 2022
This content is from: European Union ITR Global Tax 50 2021-22: OpenLux Investigations The OpenLux investigation found that more than half of the companies registered in Luxembourg were not declaring their beneficial owners on the public register, leading to more calls for tax transparency in the EU. By Danish Mehboob February 16 2022
This content is from: Direct Tax ITR Global Tax 50 2021-22: Pillar two The OECD’s digital tax agenda is set to still be the hottest topic in tax policymaking in 2022, as many countries prepare the groundwork for a 15% global minimum corporate tax rate by 2023. By Danish Mehboob February 15 2022
This content is from: Global ITR Global Tax 50 2021-22: Bob Hamilton Bob Hamilton, chair of the Forum on Tax Administration (FTA), commissioner of the CRA, and governing board member of Tax Inspectors Without Borders (TIWB), talks to ITR about his achievements in 2021 and plans for 2022. By Alice Jones February 14 2022
This content is from: European Union ITR Global Tax 50 2021-22: Ursula von der Leyen European Commission President Ursula von der Leyen is doubling down on corporate tax reform and pushing for making country-by-country reporting (CbCR) public, while cracking down on EU-based shell companies. By Danish Mehboob February 14 2022
This content is from: Direct Tax ITR Global Tax 50 2021-22: John Peterson John Peterson, head of the OECD’s aggressive tax planning unit, is responsible for pillar two’s global minimum tax framework. About 137 countries are drafting minimum taxes based on his design. By Danish Mehboob February 14 2022
This content is from: United Kingdom This week in tax: North Sea profits raise calls for a UK windfall tax BP and Shell have reported record-breaking profits as the UK faces a natural gas crisis. The UK government is yet facing more calls for a windfall tax to be imposed on the industry. By Danish Mehboob & Josh White & Leanna Reeves February 11 2022
This content is from: Sponsored Inclusive Framework BEPS Agreement: 10 key takeaways Experts from KPMG discuss the 10 key takeaways of the Inclusive Framework on BEPS. By Chris Morgan & Conrad Turley & Grant Wardell-Johnson & KPMG Global & Manal Corwin & Vinod Kalloe February 10 2022
This content is from: Global ITR Global Tax 50 2021-22: Digital services taxes Digital services taxes (DSTs) caused more controversy in 2021, as countries introduced them rather than wait for a multilateral agreement. However, some countries may hang on to DSTs even with a deal. By Alice Jones February 09 2022
This content is from: Direct Tax OECD launches last-minute consultation on pillar one and two The OECD is seeking business feedback on draft nexus and revenue sourcing rules in Amount A in pillar one of its two-pillar solution to the tax challenges of the digital economy by February 18. By Danish Mehboob February 07 2022
This content is from: Sponsored Taxation of capital gains derived from the transfer of real estate in Portugal Maria Pia Soutinho of Morais Leitão discusses Portugal’s regime in relation to the taxation of capital gains from the transfer of real estate earned by non-residents. By Maria Pia Soutinho & Morais Leitão, Galvão Teles, Soares da Silva & Associados February 07 2022
This content is from: United Kingdom This week in tax: UK heading for a high tax era, warns CBI The UK is heading into an era of high taxes and low growth unless there is a “radical shift” to grant businesses a permanent investment deduction, according to the Confederation of British Industry (CBI). By Danish Mehboob & Josh White & Leanna Reeves February 04 2022
This content is from: Sponsored Tax consequences of executives’ working hours exemption in Greece Maria Rigaki of EY explains why a new decision regarding the exemption of executive employees from working hours limits will have wide-ranging implications, including on taxation of income. By EY in Greece & Maria Rigaki February 02 2022
This content is from: India India’s 'growth-oriented' budget tackles cryptocurrency tax questions The 2022 budget includes proposals to address the tax treatment of cryptocurrencies and other digital assets. By Leanna Reeves February 01 2022
This content is from: Direct Tax UAE introduces corporate tax starting at 9% The UAE's Ministry of Finance (MOF) has finalised the first draft of its corporate tax framework. It headlines a 9% statutory rate on large businesses that will be effective from June 1 2023. By Danish Mehboob February 01 2022
This content is from: Sponsored Webinar: Sales model revolution – How to race ahead in China’s NEV market ITR and KPMG China hosted a webinar on February 24 at 9am (GMT) / 5pm (Beijing time) to discuss the growth opportunities in the new energy vehicle market. By Heather Huang & KPMG China & William Zhang February 01 2022
