ITR Search | International Tax Review

FTT likely to be watered down and delayed

As EU leaders prepare to meet later today to discuss the financial transaction tax (FTT) and improving the efficiency of tax collection, progress must be made on agreeing the scope of the FTT. Even if a consensus emerges, the original timetable for implementation may be delayed to January 2015.

Matthew Gilleard, May 21 2013

OECD urges Mexico to broaden VAT base

The OECD has recommended broadening the Mexican VAT base – including abolishing the special maquiladora tax regime – to boost revenue.

May 21 2013

Slovenia proposes VAT hike to avoid EU bailout

Taxpayers need to prepare for a VAT rise in Slovenia, which is part of a package of measures the government hopes will help the country avoid seeking international aid. However advisers say it is unlikely the increase will help reduce the country’s deficit.

May 21 2013

UK Supreme Court’s M&S ruling provides “useful tool” for taxpayers claiming cross-border group relief

The UK Supreme Court dismissed HM Revenue & Customs’ (HMRC) appeal in the first part of its judgment in the Marks & Spencer (M&S) dispute. The court’s answer means taxpayers will have more flexibility when claiming cross-border group relief.

Joe Dalton, May 21 2013

Transparency, trade and tax: a G8 action plan

Jeffrey Owens, the OECD’s former head of tax, and Mick Moore, of the University of Sussex, believe their 10 point action plan for the G8 summit next month could achieve fairer taxation of multinationals, improve tax transparency and help developing countries build up their tax capacity.

May 21 2013

Morocco signs Convention on Mutual Administrative Assistance in Tax Matters

Morocco has became the latest country to sign the Convention on Mutual Administrative Assistance in Tax Matters, the multilateral agreement set up to boost tax cooperation and exchange of information, and the fight against tax evasion.

May 21 2013

Former Tax Court Chief Justice on expert evidence in Canadian tax cases: Part three

In the third of his four-part series for International Tax Review, Donald Bowman QC, former Chief Justice of the Tax Court of Canada, now counsel to Dentons’ national tax group, discusses the increased use of expert testimony in disputes involving tax treaty interpretation.

May 21 2013

New Zealand companies risk losing interest deductions unless they review their non-resident investor base

The New Zealand government has extended the scope of the thin capitalisation rules in the 2013 budget. Taxpayers will need to consider how these changes impact their debt to equity funding costs.

Emma Powell, May 20 2013

Tax Justice Network pips OECD to the post in leading TP force poll

The Tax Justice Network has been voted as the leading force in global transfer pricing policy, in front of the OECD.

Sophie Ashley, May 20 2013

Cridland joins DLA Piper in Australia

Matthew Cridland (left) has joined DLA Piper in Australia as a partner. He was formerly a director at KPMG, where he provided advice to clients on a wide range of goods and services Tax (GST) related issues across a number of sectors, including real property, energy and resources, public private partnerships, telecommunications and financial services.

May 20 2013

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