Ecuador will increase VAT and implement a new profits surtax as temporary relief measures in response to the devastating earthquakes that hit the country this week.
The OECD will convene a meeting of the Joint International Tax Shelter Information and Collaboration (JITSIC) network on April 13 to "agree collaborative action" in light of the 'Panama Papers' revelations.
In May 2015, TP Week surveyed in-house tax professionals and found that 54% of them have been proactively taking steps to prepare for BEPS implementation.
George Osborne, UK chancellor of the exchequer, has delivered his Budget 2016 speech, criticising “large companies that exploit loopholes” while lowering corporation tax to attract multinationals. The big ‘winners’ were small and medium-sized enterprises.
Carolina Graterol, global head of tax and transfer pricing at Rosen Group, discusses boardroom expectations and the evolving role of tax across the company’s other functions.
A new guide focusing on base erosion and profit shifting (BEPS) developments - BEPS is Broader Than Tax: Practical Business Implications of BEPS, published in association with EY - is now available online.
The UK parliamentary Public Accounts Committee (PAC) has failed to reach a verdict in its report on the legitimacy of Google’s £130 million ($181 million) tax settlement with HMRC.
Country-by-country reporting (CbCR) represents one of the biggest tax compliance and accounting changes that taxpayers must contend with in the post-BEPS environment. Are you prepared?
On February 9 US President Barack Obama released his FY 2017 Budget, which targets large multinationals – particularly those in the fossil fuel and financial services industries, where tax hikes are proposed.
Now in its fifth year, International Tax Review’s Global Tax 50 provides a rundown of the who’s who of the tax world. One way or another, these individuals and organisations have had an impact or influence on taxation that will be felt beyond the 12 month period covered by this list. Matthew Gilleard introduces the Global Tax 50 2015
Following six months of discussion with the German banking associations and the investment management industry, the German Ministry of Finance has issued an ordinance on the application of the rules under the Foreign Account Tax Compliance Act (FATCA) agreed between Germany and the US.
With the final deadlines for the OECD’s BEPS Project falling at the end of this year, 2016 was always going to be a year dominated by questions about implementation. While BEPS-related activity is not the only issue on the horizon, that alone will ensure multinationals are kept busy over the next 12 months. Joe Stanley-Smith and Matthew Gilleard look through the peephole to analyse taxpayer hopes, fears and expectations for the year ahead.
Pfizer’s $160 billion acquisition of Allergan shows that highly-mobile American companies are still looking to “self-help” action such as inversion as the US tax code fails them on competitiveness.