What is meant by promotion and facilitation is the subject of the latest guidance from HM Revenue & Customs in the UK on the application of the Code of Practice on Taxation for Banks.
The majority of participants in a meeting organised by the European Financial Reporting Advisory Group (EFRAG) want the IAS 12 accounting standard, which describes how income taxes should be treated for accounting purposes, to be improved rather than replaced.
The Internal Revenue Service has confirmed is already taking action in areas covered by a Government Accountability Office (GAO) report on implementation of the Foreign Account Tax Compliance Act (FATCA).
Complexity is driving governments, corporations and accounting firms to invest in tax technology, Brian Peccarelli of Thomson Reuters has told International Tax Review.
Börje Noring, tax auditor and national adviser at the large companies tax office of the Swedish Tax Agency (Skatteverket), talks to International Tax Review about the agency’s plans for the year ahead, the challenges it faces, inter-jurisdictional cooperation, and why Sweden has such high compliance rates.
The UK tax authorities have accepted that their new plan for how dispute resolution should be managed should cover all kinds of cases and should be followed to the letter if they are to meet their compliance targets and reassure taxpayers that all would be treated fairly and equally.
