ITR Search | International Tax Review

EC says Netherlands tax deal with Starbucks constitutes state aid

The European Commission has released a preliminary view that an advance agreement struck between Starbucks and the Dutch government constitutes state aid.

Joe Stanley-Smith, November 14 2014

Finland recognises Bitcoin services as VAT exempt

Finland has gone against the conventional EU approach to the treatment of Bitcoin, classifying services around the cryptocurrency as financial services, and therefore VAT exempt.

Joe Stanley-Smith, November 14 2014

Digital drag: ICT taxes are useful revenue-raisers, but low rates encourage long-term growth

A new study analysing the effects of different levels of ICT-related taxes and tariffs around the world has been published by the Information Technology & Information Foundation, with recent changes affecting India noted.

Joe Stanley-Smith, November 13 2014

P&G resumes activity in Argentina after temporary suspension over allegations of tax fraud

Procter & Gamble (P&G) has resumed operations in Argentina after an eight-day suspension over allegations of tax fraud.

November 13 2014

Concerns over feasibility of holistic approach in implementation of BEPS Action 10

The discussion draft for Action 10 of the Base Erosion and Profit Shifting (BEPS) project has been met with both plaudits and criticisms. Clarifying key terms and categories gives greater guidance to taxpayers but the industry is still unsure whether the OECD’s universal approach is realistic.

Sophie Harding, November 13 2014

P&G resumes activity in Argentina after temporary suspension over allegations of tax fraud

Procter & Gamble (P&G) has resumed operations in Argentina after an eight-day suspension over allegations of tax fraud.

Sophie Harding, November 13 2014

GST reform expected to make appearance in Australia’s 2015 white paper

In 2015, the Australian government is releasing a white paper on tax policy reform, which analysts expect will include suggestions to increase goods and services tax (GST) rate and expands its base.

November 12 2014

Capital gains tax issue still unresolved ahead of momentous Shanghai-Hong Kong Stock Connect launch

While Beijing’s lawmakers are preoccupied with the APEC (Asia-Pacific Economic Cooperation) summit, traders and brokers are holding their breath to hear whether gains under the new Shanghai-Hong Kong exchange, called Stock Connect, will be exempt from China’s 10% capital withholding tax on foreign investors.

November 12 2014

TIGTA says IRS could do more to improve e-filing of tax returns

The oversight body for how the Internal Revenue Service (IRS) operates the US tax system has found that the IRS could save more than $17 million if it improved the rate of electronic filing of business tax returns.

November 12 2014

Korea’s NTS plans to ease tax burden on foreign investors

Korea’s National Tax Service (NTS) has announced plans to ease the tax burden on foreign companies in an attempt to quash concerns over cross border transactions with parent firms.

Sophie Harding, November 12 2014

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