ITR Search | International Tax Review

ActionAid attacks Barclays and Deloitte for promoting African tax havens

ActionAid has slammed Barclays, the UK bank, for promoting the use of tax havens in Africa, accusing the bank of hypocrisy and a failure to deliver on public promises that it wants to become a “force for good”. Deloitte has also incurred the wrath of the tax justice group.

Matthew Gilleard, November 21 2013

European Commission prepares to assert tax rules against member states

Belgium and Sweden could have to defend their tax policies in the European Court of Justice (ECJ) after the European Commission referred both to the court yesterday. Belgium is in trouble because the commission believes its withholding tax rules contain two discriminatory provisions and Sweden faces action because of how it applies VAT to postal services.

Ralph Cunningham, November 21 2013

Apple’s use of Ireland prompts Italian tax investigation

Apple’s tax affairs have once again attracted the attention of tax authorities, this time in Italy where an investigation has been launched into an alleged €1 billion ($1.3 billion) fraud by the consumer electronics company.

Matthew Gilleard, November 21 2013

The two-step approach to permanent establishment profit attribution in Germany

Xaver Ditz and Carsten Quilitzsch, of Flick Gocke Schaumburg, explain the two-step approach to PE profit attribution in Germany

November 20 2013

Review gives ASC 740/FAS 109 good marks

A review of ASC 740/FAS 109 has given the US accounting standard for income taxes a positive report for how it is supposed to work.

Ralph Cunningham, November 20 2013

Mexico tax reform will bring VAT changes

The tax reform Bill passed earlier this month by Mexico’s Congress contains various changes to the country’s VAT and maquiladora regimes.

Matthew Gilleard, November 20 2013

France makes it 10 FATCA agreements

France has become the 10th jurisdiction to sign a bilateral intergovernmental agreement (IGA) with the US to implement America’s Foreign Account Tax Compliance Act.

November 20 2013

UK tourism industry steps up campaign for VAT cut

The tourism industry in the UK believes a VAT reduction would be revenue neutral and generate £4 billion ($6.4 billion) each year for the economy. It is pressing George Osborne, the chancellor of the exchequer, for a sector-specific rate cut before he unveils his Autumn Statement on tax and spending on December 5.

Matthew Gilleard, November 20 2013

New Zealand’s Inland Revenue compliance requirements impact transfer pricing

Taxpayers in New Zealand have been told exactly what is expected of them in a new document outlining compliance requirements and the approach the Inland Revenue will take towards cross-border financing, controlled foreign companies and transfer pricing.

Sophie Ashley, November 19 2013

An update on Eaton Corporation, Amazon and Altera US transfer pricing trials

Next year should see three big transfer pricing litigation cases come to trial in the US: Eaton Corporation, Amazon and Altera. All cases will have a significant impact on taxpayers with possible repercussions on an international scale. Taxpayers need to know what the key issues are and what direction the court is likely to take.

Sophie Ashley, November 19 2013

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