South Africa’s Davis Tax Committee (DTC), which was set up to examine how the country’s tax system supports economic development, including job creation, has recommended that the South African Revenue Services (SARS) should adopt the enhanced relationship framework between officials and large taxpayers.
One event dominated the world of tax compliance and administration this year: the signing of the multilateral competent authority agreement in Berlin on October 29 to enable the Common Reporting Standard (CRS), the global standard for the automatic exchange of tax information, to operate.
The Treasury has provided welcome guidance for jurisdictions in FATCA limbo The US Treasury has responded to calls for clarity about the status of jurisdictions that have agreed in substance an intergovernmental agreement (IGA) with the US to implement the Foreign Account Tax Compliance Act (FATCA), but will not have signed it by the end of 2014.
Defending the interests of the Swiss banking industry has not been the easiest challenge in recent years, particularly when it comes to tax. The role has fallen for the last five years to Patrick Odier, chairman of the Swiss Bankers’ Association (SBA), which has 317 institutional members and about 18,500 individual members. He talks to Ralph Cunningham of International Tax Review about some of the group’s objectives for 2014 and what it hopes to achieve next year.
Public oil, gas and mining companies in the UK will now have to report what payments they make to governments on a country-by-country and project-by-project basis, after the UK became the first member state to put reporting provisions of the EU Accounting Directive into its national law this week.
