The impact on companies of a string of senior-level departures from the Internal Revenue Service in the US earlier this year got another airing during the dispute resolution and controversy management panel of International Tax Review and TPWeek's 14th annual Global Transfer Pricing Forum in Washington, DC last week.
The G20’s finance ministers have outlined their plans to minimise global tax avoidance and evasion, which are not only about completing the work of the BEPS Action Plan on time by the end of next year.
The ONE campaign describes corruption involving developing countries as the $1 trillion scandal and says the G20 must implement measures such as automatic information exchange (AIE) and the transparent publication of the revenues governments receive if the organisation wants to end it.
A UN body has highlighted the prospects of tax harmonisation and the elimination of tax competition in Asia-Pacific as methods for helping countries in the region to increase the amount of taxes they raise.
The Central Board for Direct Taxes (CBDT) in India has given taxpayers an extra two months to file their Tax Audit Report (TAR) for the Assessment Year 2014-2015 because of changes it made in July to the forms required. However, there is no extension for the filing of income tax returns, which are still required by September 30.
