The Government Accountability Office (GAO) in the US has criticised the Internal Revenue Service (IRS) for failing to evaluate whether the goals of its Compliance Assurance Process (CAP) are being met and whether to expand the progamme.
Both houses of the Swiss parliament have now approved the intergovernmental agreement (IGA) between Switzerland and the US to implement the Foreign Tax Compliance Act (Fatca).
Taxpayers will have to think carefully about the jurisdictions they use for their French transactions after the government in Paris published its annual update of countries that it believes do not comply with international standards of exchange of information, adding the British Virgin Islands (BVI), Jersey and Bermuda to the list and removing the Philippines. These changes are retroactive from January 1 this year.
In a Q&A on day one of this year's India Tax Forum, Amit Rana, vice president for taxes for GE in India, discusses how the Vodafone case might be resolved, some of the positive steps the government is taking to deal with the distrust between multinational companies and the tax authorities and India’s role in international tax policymaking.
P Chidambaram, India’s finance minister, has appointed Parthasarathi Shome as chairman of the Tax Reform Administration Commission (TARC), which the minister said he would set up in his budget speech last March.
