Piet Battiau, head of consumption taxes at the OECD, met with senior officials from the African Tax Administration Forum (ATAF) last week to discuss the challenges they are facing in formulating VAT/GST policy.
European Commission President Jose Manuel Barroso said that the Libor scandal over interest rate derivatives has strengthened the case for a financial transactions tax (FTT).
The UK government’s u-turn on its controversial decision to charge VAT on baked products served above room temperature highlights the inconsistencies and inefficiencies of the European VAT system.
As part of its wide-ranging annual check-up on member states’ progress towards their Europe 2020 targets for growth, the Commission has recommended indirect tax reforms in the EU’s leading economies.
EXCLUSIVE: Clare Short, chair of the Extractive Industries Transparency Initiative (EITI) and former UK Secretary of State for International Development, tells International Tax Review about her efforts to introduce country-by-country reporting and how the EITI’s model of transparency could be expanded to other sectors.
