ITR Search | International Tax Review

Brazil: Tax amnesty programme applied for Rio de Janeiro

The amnesty programme allows the waiver or reduction of penalties and interest relating to certain outstanding state tax obligations in a bid to increase tax revenue.

Aaran Fronda, August 06 2014

China shows signs of OECD guideline acceptance

China has demonstrated a certain degree of resistance towards the OECD guidelines and adopting international policies but it is beginning to show signs of acceptance.

Sophie Harding, August 06 2014

Americas Awards 2014 nominations released

The nominations for the Americas Tax Awards, which take place in New York on September 18, have been announced.

August 06 2014

Amazon struggles to resolve $1.5 billion dispute with IRS

The international e-commerce company, Amazon, has failed to resolve elements of its transfer pricing dispute with the Internal Revenue Service (IRS). The case revolves around the retailer’s use of a European subsidiary to reduce its tax bill which, if it loses, could cost the company billions.

Aaran Fronda, August 05 2014

Australia: New GST refund measures remove scope for subjectivity

The rules that determine the amount a taxpayer can be refunded for payment of excess GST have now changed. The Tax Laws Amendment (2014 Measures No 1) Bill 2014 updates the Taxation Administration Act (TAA) to provide that excess GST shall not be refunded where an entity would obtain a windfall gain.

Aaran Fronda, August 05 2014

HMRC to get even tougher on tax avoidance

New proposals by the UK government to enlarge the scope of its Disclosure of Tax Avoidance Schemes (DOTAS) and VAT Avoidance Disclosure Regulations (VADR) regimes, as well as the drafting of a new financial product hallmark, will increase the number of schemes that could fall prey to controversial accelerated payment powers.

Aaran Fronda, August 05 2014

Incomplete intangibles guide suggests OECD’s September deadline was overly ambitious

On July 23, Michelle Levac, chair of Working Party No 6, announced that the revised chapter on intangibles, to be released in September, will not be final guidance.

Sophie Harding, August 04 2014

Maruca rejoins Covington’s tax practice

Covington & Burling has announced that Sam Maruca has returned to the firm as a partner. He will work in the firm’s Washington DC office and advise clients on federal income tax controversy and risk assessment, including transfer pricing. Maruca was most recently the director of transfer pricing operation for the large business and international division of the US Internal Revenue Service.

August 04 2014

Barrie Akin joins Devereux Chambers

Barrie Akin, formerly of Gray’s Inn Tax Chambers, has joined the tax team at Devereux Chambers, Formerly an accountant, Barrie Akin has been in practice at the tax bar since 1996. His work covers the range of direct and indirect taxes.

Aaran Fronda, August 03 2014

Trends in Latin American business restructurings: Spain as a holding jurisdiction

Its ETVE regime is one of the reasons why Latin America businesses are using Spain as a holding company location, but interested taxpayers should remember the substance requirements.

August 03 2014

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