‘Absolutely shocking’: Corporates shaken after Swiss Supreme Court ignores tax ruling Taxpayers are worried about tax certainty in Switzerland after the Federal Supreme Court ignored an advanced tax ruling in June. This could set a precedent for other cases. By Danish Mehboob July 12 2019
Only one way out: Simplifying CFC regimes The number of countries adopting controlled foreign corporation (CFC) regimes has complicated business operations and forced them to change. Danish Mehboob talks to taxpayers who are trying to avoid getting... By Danish Mehboob July 10 2019
Residence-by-investment schemes continue to create tax loopholes A joint investigation by International Tax Review and Practice Insight has uncovered evidence of tax reporting gaps in the way the OECD's Common Reporting Standard (CRS) applies to international securities... By Danish Mehboob July 10 2019
Taxpayers confident UK will follow EU state aid rules in no-deal Brexit Taxpayers expect the UK to remain aligned with EU state aid rules in the event of a no-deal Brexit, but many hope any potential future amendments will not stifle investments... By Danish Mehboob July 10 2019
US companies fear TCJA amendments by Democrats Some US taxpayers are considering inversions because they fear negative tax implications if the Democrats gain control of the presidency and Congress in the 2020 elections and raise the corporate... By Danish Mehboob July 10 2019
DAC6 fixes tax loopholes but confuses taxpayers Banks are confused about how to follow the ‘vague hallmarks’ in the EU mandatory disclosure regime (DAC6). By Danish Mehboob July 08 2019
Facebook ups the ante for global cryptocurrency tax framework The launch of Facebook’s Libra currency and discussions at the G20 Summit about financial fraud and tax evasion with digital assets has ‘lit a fire under policymakers’ to develop better... By Danish Mehboob July 03 2019
Authorities and taxpayers say ‘rulings have got a bad rep’ As a result of a more disclosure-focused tax environment under rules such as the EU mandatory disclosures and country-by-country reporting, tax directors are shying away from tax rulings and looking... By Danish Mehboob June 28 2019
‘The hunt is on’ to find aggressive structures that work While most companies are moving away from aggressive tax planning, some in-house tax directors say they are still looking for new structures to reduce their effective tax rate (ETR). By Danish Mehboob June 17 2019
Tax modelling failing to determine global tax risks effectively Tax chiefs at Repsol and Baker Hughes said modelling the tax risks across their CFC networks has increased in importance since the BEPS measures were finalised, but a lack of... By Danish Mehboob June 03 2019
