ITR Search | International Tax Review

UN conference turns down calls for new global body to set international tax rules

Tax justice campaigners were left disappointed by the UN’s third international conference on financing for development this week as delegates declined to heed their calls to establish a new global tax body, which would take over the roles of the UN and the OECD in setting international tax standards and giving guidance.

Ralph Cunningham, July 16 2015

UK government wants corporations to be responsible for not stopping tax evasion

Corporations in the UK will soon be guilty of a new offence if they fail to prevent their advisers from committing criminal tax evasion.

Ralph Cunningham, July 16 2015

Rodrigo Oreamuno named arbitrator in Rs 20,000 crore Vodafone-India dispute

The Indian government has appointed Rodrigo Oreamuno as its arbitrator in the long-running Vodafone dispute.

Joe Stanley-Smith, July 15 2015

International updates - July/August 2015

The latest international updates from our correspondents around the world.

July 14 2015

Greek bailout requires VAT reform to be implemented today

Greece’s widely-reported bailout deal hinges on the country’s politicians agreeing on a VAT reform package including several base-broadening measures today, with corporate tax also set to rise – though not as harshly as earlier thought.

Joe Stanley-Smith, July 14 2015

Congressional working group releases US tax reform framework; urges patent box

The Senate Finance Committee’s international tax reform working group, chaired by Senators Rob Portman and Chuck Schumer, has released its five-pillar framework for reforming the US tax code, concentrating on frequently-debated topics including a move to a territorial tax system, but there were also surprises – for example in the strength of recommendation for a US patent box.

Matthew Gilleard, July 13 2015

Proposed Greek 26% transaction tax faces EC investigation

A proposed Greek 26% transaction tax, which has caused concern and uncertainty for businesses in Bulgaria, Cyprus and Ireland, is being scrutinised by the European Commission (EC), which will convene a meeting with the parties concerned and provide its opinion on August 18.

Joe Stanley-Smith, July 12 2015

Tax auditors get help from joint OECD-UN programme

The official launch of the Tax Inspectors Without Borders (TIWB) programme has come at a time when tax collection could not have a higher profile as a means of helping developing countries generate their own resources rather than rely solely on aid from richer countries.

Ralph Cunningham, July 12 2015

European parliament votes for public country-by-country reporting

MEPs last week approved draft rules that would require companies to publically disclose country-by-country reports. The decision is part of a wider document that, if put into legislation, would also give shareholders a say on directors’ pay.

Joelle Jefferis, July 12 2015

The new look JTPF: Why transfer pricing is not just for the technicians

On 26 January this year the EU Joint Transfer Pricing Forum (JTPF) had its mandate extended for the third time. This time there was a twist: for the first time representatives were invited to the forum from civil society.

July 12 2015

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