This content is from: United Kingdom Tax contribution of UK’s big businesses rises despite drop in corporation tax The total tax contribution of the UK’s biggest companies rose by £500 million ($820 million) on 2012, despite corporation tax revenues falling sharply. And, for the first time, employers’ national insurance contributi... By Matthew Gilleard January 31 2014
This content is from: European Union France prepares for battle with EU over digital VAT The French government wants to cut VAT on digital content. The European Commission wants France to raise its already reduced rate for e-books. Let battle commence. By Salman Shaheen January 30 2014
This content is from: United Kingdom Balls’ 50p tax pledge for UK causes stir After pledging to reinstate the 50p top rate of income tax if his Labour party returns to power at the next election, Ed Balls, shadow chancellor, has been attacked for promoting an “anti-business agenda”. By Matthew Gilleard January 30 2014
This content is from: United Kingdom UK thin capitalisation: An overview of the theory and practice Liz Hughes and Oriana Panidha of Grant Thornton discuss thin capitalisation in the context of HMRC’s increasing scrutiny of the arm's-length nature of interest applied to the lending and borrowing amongst related part... By ITR Correspondent January 30 2014
This content is from: Spain Large Spanish companies to see tax liability rise Spain is continuing to reform its tax code. Increasing revenue collection is one goal, and the largest companies will be footing the bill. By Matthew Gilleard January 30 2014
This content is from: United States Financial Accounting Foundation puts money towards getting convergence projects done The work to align US and international accounting standards on revenue recognition could be the first project to benefit from a Financial Accounting Foundation (FAF) announcement that it will contribute up to $3 milli... By ITR Correspondent January 29 2014
This content is from: India India: The importance and evolution of substance Taxpayers are aware that demonstrating substance in a given transaction is of paramount importance. Here, Sanjay Sanghvi and Aditi Mukundan of Khaitan & Co explain why this is even more relevant in India by exploring ... January 28 2014
This content is from: Global The dark side of transparency Tax transparency is lauded as an unequivocal good. But is it really this clear-cut? Matthew Gilleard explores the negatives as he ventures into the dark side of transparency. By Matthew Gilleard January 28 2014
This content is from: Global Special features - February 2014 Read this month's special features on Canada and Tax compliance. January 28 2014
This content is from: Global Tax, development and the new Millennium Development Goals Seth Terkper, Ghana’s minister of finance, and Hafiz Choudhury, senior adviser, International Tax and Investment Centre, discuss the challenges for developing countries in creating tax systems that raise enough revenu... January 28 2014
This content is from: Global Getting value from advisers: An in-house perspective Patrick Connolly is an experienced senior in-house tax adviser who has spent the past 10 years in in-house regional tax roles covering Europe, the Middle East, Africa and the Asia/Pacific regions as well as head offic... January 28 2014
This content is from: United Kingdom UK makes use of automatic information exchange agreement with Cayman Islands HMRC has issued letters to people it believes hold bank accounts in the Cayman Islands, encouraging them to disclose any previously undeclared income and capital gains. By Matthew Gilleard January 22 2014
This content is from: European Union Semeta proposes phased implementation of FTT Algirdas Semeta, European Commissioner for Taxation and Customs Union, Audit and Anti-Fraud, has urged member states not to water down proposals for a financial transactions tax (FTT), arguing that present delays may ... By Matthew Gilleard January 22 2014
This content is from: Austria European Tax Awards 2014: submissions period now open Companies and firms can now enter for the European Tax Awards 2014. Entry information is available in hyperlinks throughout this story. By Ralph Cunningham January 20 2014
This content is from: Belgium Study confirms EU businesses’ claim that double taxation remains a key problem A report from BUSINESSEUROPE reinforces the business community’s claims that double taxation outside of the area of transfer pricing remains a significant problem. At the October meeting of the European Commission’s P... By Matthew Gilleard January 16 2014
This content is from: United States Influential German state finance minister urges unilateral action against BEPS Norbert Walter-Borjans, finance minister for North Rhine-Westphalia, has repeated his claim that Germany must act unilaterally to target multinational tax avoidance through BEPS (base erosion and profit shifting) if i... By Matthew Gilleard January 15 2014
This content is from: United States National Taxpayer Advocate points out flaws in FATCA implementation The US National Taxpayer Advocate (NTA) has raised serious doubts about the creation of an international financial data regime as the goal of the Foreign Account Tax Compliance Act (FATCA). By Ralph Cunningham January 15 2014
This content is from: United Kingdom Milnes strengthens Grant Thornton's UK financial services tax practice By ITR Correspondent January 10 2014
This content is from: European Union France reworks millionaire tax to hit companies French President Francois Hollande is to hit companies with a new charge on annual salaries of more than €1 million ($1.4 million). By Matthew Gilleard January 09 2014
This content is from: United Kingdom Berwick moves to Irwin Mitchell By ITR Correspondent January 09 2014
This content is from: United Kingdom Tate & Lyle on how to review and set new transfer pricing policies in a rapidly changin... Fabrizio Lolliri, European director of transfer pricing at Hogan Lovells, and Catherine Clare, international tax manager at Tate & Lyle, a UK-based multinational agribusiness, explain how to make the most of your rela... January 08 2014
This content is from: United States Final FFI agreement offers transition for due diligence A change in the final version of a document critical to compliance with the Foreign Account Tax Compliance Act (FATCA) will allow financial firms to choose which form of due diligence procedures to follow. By Ralph Cunningham January 08 2014
This content is from: France France ups the pressure on non-cooperative states over exchange of information The French tax authorities are likely to step up their scrutiny of so-called non-cooperative states and territories (NCST) in the future. International groups and private-equity funds should examine their structures t... By ITR Correspondent January 08 2014
