The third US Internal Revenue Service (IRS) directive on Information Document Requests (IDR) since June last year has tried to clarify details of the new issuance and enforcement process. Professionals are still worried, however, that it will not deliver the audit efficiencies that the tax authorities want.
Heads of tax and tax administrators should look to expand the G20 / OECD BEPS project and make it more inclusive, the World Bank’s top tax official has said.
The Netherlands and other EU member states could be forced into changing their tax legislation if the European Court of Justice (ECJ) confirms an Advocate General's view in cases relating to whether Dutch companies can freely establish fiscal unities with members of the same group.
Alcoa’s operations in Europe, Middle East and Africa run from Norway in the north of the region to South Africa in the south. It is a wide area of responsibility for the EMEA tax department of the global engineering and manufacturing company, which makes it crucial that when it uses external advisers, it finds the right ones to help it contribute to the company’s objectives.
The US Treasury and Internal Revenue Service have responded to industry concerns in the final and temporary regulations for the Foreign Account and Tax Compliance Act (FATCA). However, the effective date of July 1 2014 was not changed.
Practitioners are hoping US Internal Revenue Service (IRS) agents will get more discretion when a directive on the Information Document Request (IDR) enforcement process is reissued soon.
