ITR Search | International Tax Review

France reassesses cooperative list of tax treaty states

The French government will reassess how effectively information is exchanged with bilateral treaty partners to reduce the loss of revenue through cross border transactions.

Emma Powell, February 21 2013

NERA promotes Starkov

Vladimir Starkov, a transfer pricing and asset valuation specialist, has become a vice president of NERA, the economics consultancy, in Chicago.

February 21 2013

Managing tax disputes in Hong Kong

With its recent launch of an advance pricing arrangement (APA) programme and the strengthening of its transfer pricing assessment resources, Hong Kong's Inland Revenue Department (IRD) has made it clear where its future focus lies. Tracy Ho, of Ernst and Young (pictured below), outlines what other IRD challenges Hong Kong taxpayers can expect and how to deal with any tax disputes that arise.

February 21 2013

How the Supreme Court’s decision in the PPL dispute could influence debate on US territorial tax system

PPL Corporation (PPL) kicked off its appeal over the creditability of UK windfall tax for US foreign tax credit purposes in the US Supreme Court yesterday. If the judgment causes uncertainty about which foreign taxes are creditable in America it could affect the way US taxpayers invest abroad.

Joe Dalton, February 21 2013

Sanofi’s Indian High Court win is good news for Vodafone-type transactions

French pharmaceutical multinational Sanofi’s victory in the Andhra Pradesh High Court shows the retrospective amendments to India’s tax laws cannot override the provisions of a tax treaty and sends a strong signal to foreign investors that India’s judiciary will uphold their interests.

Joe Dalton, February 21 2013

US/EU trade agreement may eliminate duties on products across all sectors

The EU and US have launched negotiations for a free trade agreement that could eliminate all duties and duty-quotas on items traded between the regions. The deal is a response to a lack of progress in trade liberalisation at a multilateral level.

February 20 2013

Review could change FAS 109 tax accounting standard

A change to how companies account for US income taxes could be in the offing after the Financial Accounting Foundation (FAF) announced a post-implementation review of FAS 109, the financial accounting standard for income taxes in US Generally Accepted Accounting Principles (GAAP).

Ralph Cunningham, February 20 2013

French taxpayers call for UK-style audit approach

French taxpayers are urging the country’s tax authorities to adopt some of HM Revenue & Customs’ (HMRC) audit practices after the French government announced a new pilot designed to improve taxpayer-tax authority relationships.

Joe Dalton, February 20 2013

Taxpayers need cost-sharing law in Russia to combat shared service disputes

Taxpayers need cost-sharing provisions to be written into Russian tax legislation to combat an increased risk of dispute over the allocation of shared service costs.

Emma Powell, February 19 2013

France, Germany and UK lead G20 calls for global tax avoidance rules

France, Germany and the UK have called on their G20 partners to implement global rules to combat corporate tax avoidance. The call follows the release of an OECD report into base erosion and profit shifting, which said existing international tax rules have gone unchanged for almost a century and have failed to keep pace with globalisation and the constantly evolving business environment.

Matthew Gilleard, February 19 2013

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