Search results for

The list of up and coming international tax regulations might look like a plate of alphabetti spaghetti but, whether talking about base erosion profiting shifting (BEPS), country-by-country reporting (CbCR), operational transfer pricing, FATCA, data analytics, IFRS or common reporting standards (CRS), the common goal is increased global reporting of tax information.

It is stating the obvious to say that current international efforts to tackle base erosion and profit shifting (BEPS) have attracted a great deal of global attention. Since the OECD and G20 countries, working together on an equal footing, adopted a 15-point action plan to address BEPS in September 2013, the focus on this issue has steadily grown. David Bradbury, head of the tax policy and statistics division at the OECD Centre for Tax Policy and Administration, and the man overseeing this aspect of the project, provides exclusive insight into an action point that has not always received as much attention as other items in the Action Plan.

Exchange traded funds (ETFs) have been a huge success growing far beyond their initial function of tracking large liquid indices in developed markets. Global ETFs now hold more than $2.9 trillion of assets in upwards of 5,400 products listed on 60 exchanges. Marie Coady, financial services tax partner at PwC in Ireland, tackles the associated tax and regulatory challenges.

Scott Heidecke and Flora Luo of Nexia International member firm Nexia TS (Shanghai) discuss China's latest attempts to implement countrywide standard practices for application of the general anti-avoidance rules, while bringing clarity to foreign entities which are affected.

Ashwani Mehta, former Chief Commissioner of Income Tax at the Indian Revenue Service, who retired in February after more than 35 years at the IRS department, assesses recent developments in Indian income taxation.

One of the concerns that has arisen for governments around the world is the erosion of the national tax base caused by a globalised economy, the progress of technology and the development of telecommunications. Ricardo Rendón and César de la Parra of Chevez, Ruiz, Zamarripa y Cía look at the Mexican perspective on base erosion and profit shifting (BEPS).

The life of this editorial began in Sicily, the largest of the Mediterranean islands. Between the coiled metal binding at the top of my notepad and the sun-tinged skyline, the spectacular backdrop to my monthly musing was Mt. Etna – in seemingly adolescent mood, grumbling and simmering.

Rajendra Nayak

With China poised to complete its VAT roll-out in the second half of this year and India hoping to introduce GST in 2016, the next few years will see 2.5 billion people paying consumption tax more efficiently than ever before on the goods and services they are buying at an ever increasing rate. Meredith McBride tracks the shift from direct to indirect taxation in Asia.

Read this month's special feature on Mexico