The head of the Internal Revenue Service in the US has said his organisation wants to improve large taxpayer compliance and so is committed to cutting the amount of time and resources it takes to resolve issues between it and corporations.
The UK Treasury will publish an update on controlled-foreign company (CFC) reform on December 6, the same day as the draft clauses of Finance Bill 2012.
In a Written Answer to Parliament in London on November 15, David Gauke, a UK Treasury minister, has revealed that almost 500 direct tax avoidance schemes have been disclosed to the UK tax authorities since the end of April 2008.
After the publication of new proposed rules on corporate tax deferral, the Canada Revenue Agency has now issued guidance dealing with interim filing for the proposals.
The Australian Taxation Office has announced that it will introduce a new schedule for the 2012 financial year that will affect taxpayers who do business overseas.
A UK Treasury minister has told Parliament in London that his government is in favour of a European reporting system for companies in the extractive industries.
