ITR Search | International Tax Review

Why ECJ Argenta Spaarbank ruling benefits companies with loss-making PEs

A judgment of the European Court of Justice (ECJ) in a case involving Argenta Spaarbank (Argenta) should benefit Belgian companies with loss-making permanent establishments (PE) in other member states and will impact tax deduction regimes in EU countries.

Joe Dalton, July 10 2013

New Zealand’s IRD releases new GAAR interpretation statement

A new interpretation statement on the general anti-avoidance rule (GAAR) released by New Zealand’s Inland Revenue Department (IRD) should help taxpayers preparing submissions, such as ruling applications or statements of position in disputes, for the IRD’s consideration.

Joe Dalton, July 10 2013

Irish VAT reduction for tourism sector likely to be extended

The Irish hotel industry has been lobbying hard for the VAT reduction to be extended beyond the end of this year and advisers believe it is likely to get its wish.

Salman Shaheen, July 09 2013

Indian taxpayers need more clarity on service tax amnesty scheme

Taxpayers in India have asked for more clarification on the conditions of using the Voluntary Compliance Encouragement Scheme, which allows taxpayers to pay outstanding service tax without being subject to interest, penalties or prosecution.

July 09 2013

HMRC renewing efforts to combat VAT fraud in online trading

HM Revenue & Customs (HMRC) has said it is renewing efforts to combat VAT fraud within ecommerce. Companies trading online must ensure they comply with VAT registration requirements when selling to customers via the internet.

July 09 2013

US tax reform road-show up and running; Baucus says 25% rate unlikely

Dave Camp and Max Baucus, the chairmen of the US’ two tax-writing committees, have kicked off their bipartisan tax reform road-show (The Simpler Taxes For America Tour) in Minnesota, with Baucus conceding that getting the corporate tax rate down to 25% is “a bit of a stretch”.

Matthew Gilleard, July 08 2013

Mauritius still keen to act on India treaty and change image

As part of its efforts to alter its perception in the tax world, Mauritius has signalled its willingness to renegotiate the tax treaty it has with India by offering to insert a limitation of benefits (LOB) clause to prevent abuse of the double taxation avoidance agreement.

Matthew Gilleard, July 08 2013

French MP releases business tax simplification plan

The French Ministry of Finance has released a tax simplification plan, authored by politician Thierry Mandon, which could see interaction and cooperation between taxpayers and tax authorities reach new levels.

Matthew Gilleard, July 08 2013

Fewer untaxed UK assets in Switzerland than predicted

The Swiss Bankers Association (SBA) has stated that Switzerland’s tax agreement with the UK, which entered into force on January 1 2013, will result in far less revenue for the UK exchequer than previously assumed.

Matthew Gilleard, July 08 2013

Greece introduces TP reforms after IMF and EU demands tighter regulation

The Greek Ministry of Finance has issued a public consultation on amendments to the transfer pricing rules, following a change in the definition of associated enterprises (AE) by the Greek government.

Emma Powell, July 08 2013

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