ITR Search | International Tax Review

UK and Germany come to agreement over Patent Box signalling European reform of IP regimes

The UK has agreed with Germany to restrict the scope of its Patent Box to reduce the competitive advantages it provides. The restrictions are likely to be extended to other European intellectual property (IP) tax regimes.

Matthew Gilleard, November 12 2014

HMRC recovers record amount of unpaid taxes due to targeted approach

The top team of special investigators at UK tax authority Her Majesty’s Revenue and Customs (HMRC) has gathered £4.15 billion ($6.58 billion) in unpaid tax in 2013/2014, a new record.

Joe Stanley-Smith, November 11 2014

European IP tax regimes set for reform after UK-Germany agreement

The scope of the UK Patent Box regime is to be restricted after Germany and the UK reached agreement to reduce the competitive advantages it provides. The restrictions are likely to be extended to other European intellectual property (IP) tax regimes.

Matthew Gilleard, November 11 2014

Vince Capurso comes back to GGCP and GAMCO as general tax counsel

Vince Capurso has rejoined GGCP, the investment adviser and brokerage services provider to mutual funds and institutional investors, as general tax counsel. He will re-assume the position of executive vice president and chief financial officer. He has also rejoined GAMCO Investors as general tax counsel.

November 11 2014

How the media is making life hard for Vietnamese multinationals

The recent growth in transfer pricing related articles in the Vietnamese press and the government’s aggressive tax audit efforts have left many multinationals feeling uneasy.

Sophie Harding, November 11 2014

Belarusian Budget hits companies with direct and indirect tax hikes

The Belarusian Budget contains increases in several indirect taxes, as well as an increase in corporate income tax (CIT) on banks and insurance providers from 18% to 25%.

Joe Stanley-Smith, November 11 2014

Deals of the week - November 10 2014

To add your deals to our table, contact Joe Stanley-Smith on joseph.stanley-smith@euromoneyplc.com.

Joe Stanley-Smith, November 10 2014

What taxpayers and advisers think about PwC's leaked documents on Luxembourg's tax arrangements

Documents owned by PwC detailing Luxembourg’s tax arrangements with more than 340 companies have been leaked. They could accelerate the EC's investigations into unfair tax treatment, constituting state aid.

Sophie Ashley, November 07 2014

Significance of Skandia VAT case hinges on interpretation - and translation - of key paragraph

The significance of the Skandia ruling for taxpayers across Europe depends on domestic VAT grouping rules, and interpretation of the ruling should be taken from the original Swedish verdict.

Joe Stanley-Smith, November 07 2014

Australia responds to Luxembourg tax deal claims

On November 5 the US-based International Consortium of Investigate Journalists (ICIJ) released the tax rulings of 548 corporations accused of having ‘secret tax agreements’ with Luxembourg. A follow-up piece in the Australian Financial Review went as far as to accuse the Big 4 of facilitating the agreements in an article titled ‘Big four audit firms behind global profit shifting’.

November 07 2014

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