ITR Search | International Tax Review

Foreign pension funds with US investments: Tax classification

The tax classification of a foreign pension fund investing in the United States has major implications in terms of who is subject to tax, the applicable tax rate and the associated reporting obligations. Francis Helverson of WTS explains why pension funds with certain characteristics may have significant advantages over other pension funds as well as over other types of foreign investors.

July 09 2015

European Tax Awards 2015

The Grosvenor House Hotel on London’s Park Lane was the new venue for the 11th annual European Tax Awards dinner on May 21.

July 09 2015

Why tax treaties matter in Iraq’s evolving taxation landscape

Imtiaz Ahmad of PetroChina argues the development of a tax treaty network would help the Iraqi government convince investors to support the revival of the economy.

July 09 2015

Error, please try again: Europe reloads CCCTB

After March's release of the European Commission's tax transparency package, June saw the follow-up launch of its Action Plan for Fair and Efficient Corporate Taxation, the main component of which was the relaunch of the common consolidated corporate tax base (CCCTB).

July 09 2015

Illusory transparency: A symptom of BEPS complexity

The inception of the OECD’s base erosion and profit shifting (BEPS) action plans was accompanied by new demands for fiscal transparency, ignoring omnipresent thorns of complexity.

July 09 2015

FASB votes to defer effective date of revenue recognition standard

The Financial Accounting Standards Board (FASB) voted on July 9 to approve a one-year deferral of the effective date of Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers.

Ralph Cunningham, July 09 2015

Vicious and virtuous circles: Planning for change with Schroders’ group tax head

Joe Stanley-Smith talks to Sue Cooper, group head of tax at global asset management company Schroders, about inter-departmental cooperation, planning for change and the difference between vicious and virtuous circles.

July 09 2015

Switzerland makes Bitcoin VAT exempt

Tax administrations around the world are making decisions on the tax treatment of Bitcoin The Swiss Federal Tax Administration has confirmed that VAT does not apply to Bitcoin in Switzerland, adding further credence to the cryptocurrency. The exemption is good news for any business which uses or trades in Bitcoin, including the world's first Bitcoin bank, which will launch soon in the central European country, enabling them to carry out their business in the knowledge they are not breaking the law.

Joe Stanley-Smith, July 09 2015

Saint-Amans and Bhatia hit out at EU non-cooperative list

The OECD, and the Global Forum on Tax Transparency and Exchange of Information, which it organises, have moved to assert their preeminence as the international bodies that discuss and decide on transparency and exchange of information standards. The OECD's Pascal Saint-Amans and Monica Bhatia have described as "very unfortunate" the publication by the EU Commission of a list of the top 30 non-cooperative jurisdictions blacklisted by EU member states.

Ralph Cunningham, July 09 2015

Blueberries: A Maine source of tax revenue

Summer in the northern hemisphere brings many berry varieties into season, and in Maine in the US the months of May to August mean it's time to enjoy wild blueberries. The state produces more blueberries than any other; in fact Maine produces 99% of wild blueberries in the US.

July 09 2015

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