Taxpayer data increasingly important for Indian Revenue Service The Indian Revenue Service (IRS) is increasingly relying on accumulated taxpayer data to choose multinational enterprises (MNEs) for scrutiny as the implementation of faceless e-assessments continues. By Alice Jones September 02 2020
Digital audits risk alienating MNEs from revenue authorities Multinational enterprises (MNEs) are concerned that an increase in digitisation and anonymity is jeopardising their relationships with tax authorities as COVID-19 forces an increase in online interactions. By Alice Jones August 24 2020
Post-Brexit compliance forces MNEs to consider UK exit Tax directors at multinational enterprises (MNEs) have told ITR that continuing to operate in the UK may be unfeasible after Brexit, depending on the final trade agreement between the EU... By Mattias Cruz Cano & Alice Jones August 12 2020
MNEs predict Indian faceless e-assessments will increase litigation Tax directors are worried that faceless e-assessments are creating a communication gap between taxpayers and the Indian Revenue Service (IRS) that could see the number of court cases rise. By Alice Jones August 10 2020
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
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... By Alice Jones July 23 2020
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... By Alice Jones July 16 2020
MNEs worry compliance burden of post-COVID DSTs will be too much Tax directors have told ITR that digital services taxes (DSTs) being implemented to plug revenue gaps following the coronavirus pandemic will cause more compliance problems if there is no harmonisation... By Alice Jones July 15 2020
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... By Alice Jones July 10 2020
