ITR Search | International Tax Review

UK says no to son of FATCA but David Cameron puts tax evasion on G8’s agenda

The UK government may be eager to help financial institutions comply with the Foreign Tax Compliance Act (FATCA) but it has rejected a call to introduce its own version of the US law. At the same time, the UK said the G8, of which it is the president in 2013, would focus on tax evasion.

Ralph Cunningham, November 21 2012

US unveils FATCA Model 2 agreement

The US has published the final template for inter-governmental agreements (IGA) with foreign jurisdictions to implement the Foreign Account Tax Compliance Act (FATCA).

Ralph Cunningham, November 21 2012

Lures and challenges of Chinese tax rules for private equity

China has rapidly become one of the world’s premier destinations for private equity (PE) investment and sources of PE fund raising. John Gu, Paul Ma and Darren Bowdern expound the opportunities and risks in Chinese tax rules for PE funds.

November 21 2012

Indirect tax increases on the rise

With little sign of economic recovery, governments are increasingly turning to VAT. But there are signs things could change.

Salman Shaheen, November 21 2012

Property tax: Where does it go from here?

For years, some policy advisers have advocated the use of property tax as a mechanism to cool down the real estate market. Part of the rationale is that a greater amount of supply would help drive down the market price. But would it? Jennifer Weng, Tracy Zhang and Jean Jin Li examine the impact that tax will have on the property market in China.

November 21 2012

Advance rulings – a giant step for China

Tracy Zhang, William Zhang and Karmen Yeung advise that Chinese tax authorities are aiming to provide more enhanced taxpayer services, for example, guiding taxpayers to comply with regulations voluntarily, helping taxpayers manage risks and providing taxpayers with tailored assistance.

November 21 2012

Hong Kong’s revenue commissioner to appeal Nice Cheer Investment ruling

Hong Kong’s highest court will rule on the tax treatment of unrealised gains from trading investments after the Court of Appeal granted leave to the Inland Revenue Department (IRD) commissioner to appeal its decision in the Nice Cheer Investment case.

Joe Dalton, November 21 2012

Firmer stance on transfer pricing enforcement

Chi Cheng, Irene Yan and Kelly Liao observe that some of the local tax jurisdictions within China where subsidiaries of foreign multinationals are concentrated, have seen their tax collections in 2012 drop by as much as 30%. Given this overall deterioration of the economic environment, will China continue to press ahead with its aggressive transfer pricing agenda?

November 21 2012

ECJ clarifies rules on third country investments in FII GLO decision

The European Court of Justice’s (ECJ) second judgment in the Franked Investment Income Group Litigation (FII GLO) clarifies when EU taxpayers can rely on free movement of capital for outward investments into non-EU jurisdictions. It also highlights the need for an answer regarding inward investment from non-EU taxpayers.

November 21 2012

How to avoid a Mexican tax dispute

Greater tax administration scrutiny of supply-chain restructuring and a recent court ruling which threatens to change the litigation environment are big dispute concerns for Mexican taxpayers. Luis Carbajo-Martinez, of Baker & McKenzie, tells International Tax Review how taxpayers can reduce the risk of disputes in Mexico.

November 21 2012

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