ITR Search | International Tax Review

Action 7 feedback downplays OECD’s progress and hints at unravelling of universal approach

Comments on Action 7 of the OECD’s base erosion and profit shifting (BEPS) project show the draft has done little to clarify permanent establishment (PE) issues with many countries considering national measures to tackle profit shifting

Sophie Harding, January 21 2015

Taxpayers worried about UK’s DPT implementation and timeline

Following the UK’s announcement of the proposed Diverted Profits Tax (DPT) in December, there have been numerous doubts voiced regarding the policy drivers, mechanics and timing of the proposals.

January 21 2015

Luxembourg approved Amazon tax ruling in just 11 days

Luxembourg took just 11 working days to grant Amazon an important tax ruling in 2003, a European Commission (EC) report has revealed.

Joe Stanley-Smith, January 20 2015

African Tax Research Network launches first event

A new African conference hopes to bring together tax scholars to discuss important research-based issues for the continent's tax administrators and policy makers.

January 20 2015

Growing fear over wider implications of EC investigations after Amazon Luxembourg deal deemed state aid

In a preliminary ruling, the European Commission (EC) has deemed tax deals between Luxembourg and Amazon as state aid.

Sophie Harding, January 20 2015

Carenza joins Gowlings’s Toronto office

Paul Carenza has joined the Toronto office of Gowlings as a tax partner and member of its tax practice group.

Joe Stanley-Smith, January 19 2015

Takeda Pharmaceuticals hires Francisco Zamora to lead its LatAm tax team

Takeda Pharmaceuticals has recruited Francisco Jose Zamora Valencia to the role of regional tax manager for the Latin America region excluding Brazil.

January 19 2015

Singapore updates its transfer pricing guidelines

The Singapore revised transfer pricing (TP) guidelines, published January 6 2015, require taxpayers to prepare and maintain contemporaneous TP documentation to support TP positions and have this in place by the time the company’s tax return is filed.

January 19 2015

Drastic changes to South African TP regime needed to align country with OECD BEPS work

The Davis Tax Committee recently published recommendations for the OECD and the South African Revenue Service (SARS) regarding base erosion and profit shifting (BEPS). The committee’s comments highlight the lack of concrete and compulsory TP requirements in South Africa.

Sophie Harding, January 19 2015

The move towards international tax transparency in Spain

Spain’s 2012 tax regularisation, or amnesty, introduced unprecedented information requirements for companies and individuals with overseas assets. The new environment is here to stay.

January 16 2015

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