ITR Search | International Tax Review

FATCA is not going away but there is still hope it could be reformed

When the US Treasury Department and Internal Revenue Service (IRS) announced the postponement of key dates in the implementation of the Foreign Account Tax Compliance Act (FATCA), foreign financial institutions breathed a sigh of relief.

Sophie Ashley, October 31 2012

Two disputes throw future of EU VAT on e-books into disarray

The European Commission is launching infringement proceedings against France and Luxembourg over their reduced rates on e-books, while a law firm is taking HM Revenue & Customs (HMRC) to court over charging VAT on e-books at all.

Salman Shaheen, October 31 2012

Future Focus: Tax and transformation in Iberoamerica's new business reality

A series of articles from KPMG looks at the complex challenges facing tax directors who want to re-imagine their operations and reshape their long-term strategies.

October 31 2012

Latin America Indirect Tax Focus

A series of articles from KPMG's Global Indirect Tax Services's group on indirect tax developments in Latin America. Each article covers one of 21 jurisdictions, from Argentina to Venezuela.

October 31 2012

Hong Kong-Switzerland DTT analysis

Since Hong Kong amended its tax law in 2010 to enable the adoption of the latest OECD information exchange standards in its tax treaties, it has made several moves to negotiate new treaties, and a double tax treaty with Switzerland is the latest such development.

Matthew Gilleard, October 31 2012

Victor Ponta eyes sharp VAT cut in Romania

Romanian Prime Minister Victor Ponta wants to reduce VAT to 20% just two years after it was increased to 24%. But advisers are sceptical that this can be achieved.

Salman Shaheen, October 30 2012

Australian Business Tax Working Group fails Swan

The Business Tax Working Group (BTWG), appointed by Treasurer Wayne Swan in 2011 to explore ways in which a corporate tax cut could be funded from within the business tax system, has produced its draft final report, saying it is “unable to recommend a revenue neutral package to lower the company tax rate”.

Matthew Gilleard, October 30 2012

RATE Coalition goes on campaign trail to speed up US reform

President Barack Obama and his Republican opposite Mitt Romney are not the only ones travelling the length and breadth of the country to try and raise support for their campaign. The RATE Coalition, a bipartisan coalition of businesses and associations, has also been touring the states advocating US tax code reform.

Matthew Gilleard, October 30 2012

Hong Kong property tax may deter development

The Hong Kong government has announced new taxes for non-residents and corporate buyers of property in the jurisdiction.

Matthew Gilleard, October 30 2012

Japan-China supply chain efficiency valuation and transfer pricing

Effective tax rate (ETR) planning is critical for all multinational enterprises. From a business flow standpoint, supply chain efficiency is critical.

October 30 2012

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