ITR Global Tax 50 2020-21: Pascal Saint-Amans The director of the OECD Centre for Tax Policy and Administration talks to ITR about pillar one and pillar two, inclusivity in tax, and the power of the coffee break. By Alice Jones January 04 2021
2020: The best of direct tax A look back at some of ITR’s best articles on direct tax in 2020 covering everything from COVID-19 relief measures to tax transparency measures and the OECD’s work on BEPS... By Alice Jones December 24 2020
UK MNEs should share TP arrangements with HMRC, say advisors Multinational enterprises (MNEs) should engage with HM Revenue and Customs (HMRC) and its Profit Diversion Compliance Facility to prevent the need for investigations. By Alice Jones December 16 2020
Indian taxpayers react to Vivad se Vishwas clarifications Tax professionals support the expanded eligibility criteria for revising a declaration, but the problem is that timelines are tight. Taxpayers have a maximum of 15 days after filing a declaration... By Alice Jones December 14 2020
COVID-19 to increase TP scrutiny on MNE inter-company loans Tax professionals told ITR that they expect the COVID-19 pandemic to intensify scrutiny on multinational enterprises’ (MNEs) transfer pricing (TP) arrangements. By Alice Jones December 11 2020
UK draft law clarifies tax rules on post-Brexit movement of goods The UK has released draft legislation containing provisions for leaving the EU under a transition agreement on January 1 2021, including the taxation of goods travelling from Great Britain to... By Alice Jones December 09 2020
UK’s Brexit Taxation Bill requires MNEs to pay back CFC state aid MNEs that received tax exemptions from the UK government under controlled foreign corporation (CFC) rules between 2013 and 2018 will be obliged to pay back the tax retrospectively under measures... By Alice Jones December 09 2020
EU Council approves DAC7 digital transparency rules The Council of the European Union approved a legislative proposal to expand the Directive on Administrative Cooperation (DAC) to include information relating to digital platforms. By Alice Jones December 02 2020
MNEs oppose mandatory public CbCR over data inconsistencies Tax directors at multinational enterprises (MNEs) have warned that low data quality and inconsistency in reporting requirements across jurisdictions means public country-by-country reporting (CbCR) should not be made compulsory. By Alice Jones December 02 2020
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,... By Alice Jones November 27 2020
