The Business Roundtable (BRT), an association of the chief executive officers of leading US multinationals, released a report this week urging Congress and the Obama Administration to undertake comprehensive tax reform this year.
HM Revenue & Customs has released new guidance on the UK’s General Anti-Abuse Rule (GAAR), which is scheduled to come into effect in July, after the Finance Bill 2013 becomes law.
After a joint statement from the finance ministers of France, Germany, Italy, Spain and the UK (the G5) that they will push for greater exchange of bank information, other countries have signalled their willingness to join the effort.
Argentina and Spain signed a new double taxation treaty (DTT) on March 11 2013, replacing the version that was terminated in June 2012. Guillermo Teijeiro, founding partner of Teijeiro & Ballone Abogados, analyses the new treaty, which has retrospective effect to January 1 2013.
Berwin Leighton Paisner (BLP) has analysed the number of mentions of the word “tax” in FTSE 100 companies’ 2010/11 annual reports, finding a substantial increase compared with 2005/6.
The Australian government has released a discussion paper regarding its proposed move to force the largest 2,000 companies to disclose more tax information, an initiative which represents a significant shift away from the view that corporate tax return details are confidential.
