ITR Search | International Tax Review

New Baker & McKenzie partners announced

Baker & McKenzie has promoted 11 practitioners from different areas of its tax practice, including international tax, transfer pricing, indrect tax and wealth management, to the partnership. .

June 25 2014

CIDE contribution in Brazil: Controversial aspects of remittances abroad

Controversy and legal uncertainty have arisen from how the Federal Revenue Service and the Federal Administrative Council of Tax Appeals understand Brazilian law on CIDE´s taxable basis.

June 25 2014

Marzen Aluminum ruling based on structuring rather than pricing

The Tax Court of Canada has ruled that, while Marzen Artistic Aluminum provided sales and marketing staff to Starline International (SII) at an arm’s-length price, the documentation presented was insufficient. The ruling is significant because it is the first Canadian decision focusing on the structuring of transactions rather than the pricing.

Sophie Harding, June 25 2014

G8 has “broken promises” on tax transparency

Christian Aid, ActionAid, Global Witness and the Financial Transparency Coalition have accused G8 countries of failing to live up to the promises they made on tax and transparency a year ago at the Lough Erne summit in Northern Ireland.

Matthew Gilleard, June 24 2014

Budget preview: Indian taxpayers expecting indirect tax clarity and GST rollout

Arun Jaitley, India’s new finance minister, delivers his first Budget speech at the beginning of next month and taxpayers in India, as well as potential foreign investors, are hopeful of a general simplification of the country’s indirect tax system and specific detail on the implementation of the goods and services tax (GST) regime.

Matthew Gilleard, June 24 2014

Brazil: Tax consequences of adopting international accounting standards

Taxpayers in Brazil should be aware of the impact on their compliance requirements of a new May 2014 law relating to tax and IFRS.

June 24 2014

Michael Danilack resigns

Michael Danilack, US Competent Authority, has confirmed with TPWeek that he has resigned from his post.

June 24 2014

Altadis, BMW, Iberdrola and Repsol react to Spanish tax reform

Taxpayers in Spain got some welcome news last week when the government announced a tax reform package, including a cut in the corporate tax rate, by two percentage points to 28% next year, and another – to 25% – from the start of 2016. Tax executives from BMW, Iberdrola and Repsol share their initial reactions to the reform with International Tax Review, with all wanting more information before they could be completely satisfied with the measures.

Matthew Gilleard, June 23 2014

Developing countries want automatic information exchange, Tax Justice Network research reveals

The Tax Justice Network (TJN) has accused the OECD of not consulting developing countries about the design of the framework for automatic information exchange (AIE), which the G20 has endorsed as the global model for information exchange.

Ralph Cunningham, June 23 2014

Supply chain management and external changes

The global nature of business continues to push companies for meaningful business synergies and scale. Vineet Rachh, a multinational tax director, discusses supply chain management in a rapidly developing global business environment.

June 22 2014

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