ITR Search | International Tax Review

New York court rejects Sprint Nextel’s move to dismiss sales tax complaint

The New York Supreme Court has rejected wireless network operator Sprint Nextel’s (Sprint) attempt to dismiss the state Attorney General’s claim that it evaded sales tax.

Joe Dalton, July 03 2013

US Tax Court will decide whether IRS’s Eaton APA cancellations are permissible

The US Tax Court has decided it does have the jurisdiction to review the Internal Revenue Service’s (IRS) cancellation of two advance pricing agreements (APA) it entered with Eaton Corporation.

July 03 2013

Gazprom on the problem of missing trader intra community VAT fraud, and the EC's anti fraud package

Missing trader intra community VAT fraud (MTIC fraud) is the theft of VAT from tax authorities by organised criminals, often involving complex structures, such as carousel fraud and contra-trading. It usually revolves around products such as mobile phones and computer chips etcetera. Tim Branston, head of tax at Gazprom discusses the problem from an industry perspective.

July 02 2013

GAO report shows US effective tax rates much lower than statutory 35%

A report released yesterday by the US Government Accountability Office (GAO) indicates that effective tax rates (ETRs) for American companies are well below the top statutory tax rate of 35%.

Matthew Gilleard, July 02 2013

Sainsbury’s CEO: Tax is a moral issue and business must be proactive

Justin King, Sainsbury’s CEO, has said that tax is a moral issue and that companies should be prepared to explain and defend their tax arrangements.

Matthew Gilleard, July 02 2013

Non-OECD approach to digital PEs

While the OECD is tackling base erosion and profit shifting (BEPS), with a strong focus on e-commerce, its project will still have an impact on non-OECD countries, whether they choose to implement its recommendations or not because of the OECD’s monopoly on best practice.

Sophie Ashley, July 01 2013

Compliance burden to increase for French taxpayers if draft law passed

French taxpayers will need to update their transfer pricing documentation more frequently if a draft law, requiring companies to submit and file their documentation reports at the same time as their annual corporate income tax, is passed.

Emma Powell, July 01 2013

Belgium to close dividend distribution loophole

Belgium is to shut down a loophole that allows companies to avoid corporate taxation on annual dividend distributions to shareholders, the government has confirmed.

Matthew Gilleard, July 01 2013

What taxpayers want from the Peruvian authorities

Ramon Esquives Espinosa, head of tax processes in the management and tax advisory unit of BBVA’s finance area, explores the status of tax transparency in Peru in light of recent changes on tax authority assessment and looks at taxpayer concerns arising from the wider, aggressive campaign by SUNAT to increase tax collection.

June 30 2013

Cooperative compliance must weather storm

Scepticism about how large businesses manage their tax affairs and how vigorously revenue agencies tackle tax evasion has taken root in the minds of the public and their political leaders around the world. Whether or not you think this is legitimate, one thing it should not be allowed to affect is how the tax authorities and taxpayers interact with each other, or, in the parlance, cooperative compliance.

June 30 2013

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