ITR Search | International Tax Review

European VAT rises create compliance headaches

France, Cyprus and Croatia have become the latest European countries to hike VAT rates as taxpayers look on increasingly concerned.

Salman Shaheen, February 10 2012

FTT will hit end-users hardest, says EACT chairman

A European financial transaction tax (FTT) will hit end-users in the real economy – such as companies and pension funds – hardest, according to European Association of Corporate Treasurers (EACT) chairman Richard Raeburn.

Joe Dalton, February 10 2012

The challenge of Mexico’s rapid transition to electronic customs reporting

Companies importing or exporting to Mexico must use an electronic reporting system to file customs information from March 1 2012, but despite the long-term benefits, there may be short-term headaches.

Salman Shaheen, February 10 2012

Why Maruca’s goal to select high-risk transfer pricing cases for the IRS may be difficult to achieve

Sam Maruca, the IRS’s transfer pricing director, said his highest priority was enforcement; to select the cases that need pursuing and to leave those that do not. One ex-IRS officer explains why this is easier said than done.

Sophie Ashley, February 09 2012

How the transfer of routine activity could be subject to income tax

The French Court of Appeal will consider how the transfer of a routine activity can be subject to tax, through a transfer of benefits, in instances where no compensation is provided.

Sophie Ashley, February 09 2012

Cyprus confirms VAT hike

The government has confirmed that Cyprus’s planned VAT rise will take place on March 1.

Salman Shaheen, February 09 2012

INSIGHT: What the Li & Fung verdict will mean for Hong Kong taxpayers

Victory for Li & Fung in its hearing before Hong Kong’s Court of Appeal next week will give much relief to companies which subcontract services to foreign affiliates, but if the Commissioner of Inland Revenue (CIR) triumphs it could turn Hong Kong’s tax principles upside down.

Joe Dalton, February 09 2012

ANALYSIS: How Mexico treats indirect non-discrimination

Taxpayers in Mexico have long suffered when it comes to indirect non-discrimination. But recent case law and legislative guidance suggest this is coming to an end.

February 09 2012

Does LDF extension show weakness of HMRC‘s information gathering powers?

HM Revenue & Customs’ (HMRC) decision to extend the Liechtenstein Disclosure Facility (LDF) by a year is a sign that it has been successful. However rumours of a conversation between Dave Hartnett and tax justice campaigner Richard Murphy, denied by HMRC, suggest the UK tax authorities’ other strategies might not working.

Salman Shaheen, February 09 2012

US releases further FATCA guidance

The US Treasury has today issued proposed regulations on the implementation of FATCA.

February 08 2012

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