ITR Search | International Tax Review

Everyone’s a winner with the new Energy Tax Directive

Jacqueline Cottrell and Kai Schlegelmilch of Green Budget Europe look at how the EU’s revised Energy Tax Directive (ETD) can harvest benefits for environment and the economy.

December 01 2011

Indian Revenue speaks out on record $8.9 billion adjustments

While the figure falls short of estimations by about $1 billion, the amount shows that the efforts of the revenue authority have been strengthened, with big-name multinationals coming in at the top of the list.

December 01 2011

The tax department’s role in sustainable transfer pricing

Transfer pricing is a major concern for multinational enterprises. Hervé Bidaud, of McDermott Will & Emery, and Pim Fris and Emmanuel Llinares, of NERA, explain how the efforts of tax departments to ensure a sustainable transfer pricing system fit into the bigger picture.

December 01 2011

Europe

The Netherlands is looking to introduce a bank levy in 2012, based on the British model

December 01 2011

Argentina: Software promotional regime extended

Andrés Edelstein Ignacio Rodríguez Through the enactment of law 26692, the software promotional regime, created by law 25922, has been extended from September 2014 until the end of 2019.

December 01 2011

Why Greece needs to reform its dispute resolution system

A European Commission report argues that the Greek tax authority must address the disproportionate level of penalties for offences committed by corporate taxpayers if it is to bridge the country’s tax gap.

December 01 2011

EUJTPF to focus on cost sharing

Source: Theilr/Flickr licensed under CC-BY-SA 2.0 The EU Joint Transfer Pricing Forum (JTPF) will focus on cost sharing agreements (CCA) in service arrangements. Intangible assets, however, will be left out of the discussions.

December 01 2011

The importance of VAT in the Portuguese economic turmoil

The Portuguese sovereign chaos led to the request for an emergency bailout package from the European Commission and the IMF in coordination with the European Central Bank. Rui Guedes Henriques and Lara Castro of Baker Tilly Portugal look at why VAT policy is crucial in this context.

December 01 2011

The growing convergence of tax avoidance and transfer pricing

The scope and application of the New Zealand general anti-avoidance provision has become very topical recently after a number of wins for the New Zealand Inland Revenue Department. Kirsty Keating and Mark Loveday, of Ernst & Young, explain how recent cases show how non-arm’s-length transacting can form the basis for invoking tax avoidance provisions in New Zealand.

December 01 2011

OECD puts spotlight on tax planning and use of losses

Raffaele Russo and Oliver Petzold of the OECD analyse a report from the organisation on the role aggressive tax planning plays in the use of losses and looks at what revenue authorities could do to limit such activity

December 01 2011

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