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    Trust but verify, and verify some more
    A new kind of thinking on tax compliance management is steadily emerging. The nascent Tax Compliance Agreement framework is premised on mutual trust between the tax authorities and taxpayers. Time will be required for the building up of such trust. But the first step in the right direction has been taken. Chris Ho, Karmen Yeung and Tracy Zhang of KPMG believe that these changes can have a big impact on the manner in which foreign corporations manage their tax compliance risk in China.
    May 22 2011
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    Looking ahead
    Khoonming Ho, tax partner in charge of China and Hong Kong SAR, KPMG
    May 22 2011
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    Comptroller and auditor general to review transfer pricing cases
    While addressing a seminar organised by the Associated Chambers of Commerce and Industry of India, on May 12 2011, R N Dash, the director general of international tax, said transfer pricing cases shall now be subject to audit by the comptroller and auditor general (AG) of India.
    May 19 2011
  • IRS looks for new members for public forum
    The IRS is encouraging the public to apply for positions on a forum it has created to discuss issues of federal tax administration.
    May 18 2011
  • US courts and agencies discuss big ticket issues at ABA panel
    Issues of work product privilege, deference to IRS regulations and economic substance remain at the forefront of the minds of US government officials and judges.
    May 18 2011
  • New managing directors at A&M Taxand UK
    Alvarez & Marsal Taxand has appointed Tom McFarlane and Stephen Machin as managing directors in their London office.
    May 18 2011
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    Brazil looks to clarify issue of tax liability for consortiums
    The federal government of Brazil has sought to clarify the law regarding tax obligations of companies that enter into a consortium following the controversy of Provisional Measure No. 510.
    May 18 2011
  • US considers corporate tax holiday
    The US Treasury Department is debating whether to allow companies to repatriate earnings at a lower tax rate as a draft Bill to enable it is brought before the House of Representatives.
    May 18 2011
  • Taxpayer fires back in Entergy
    On May 11 the taxpayer in Entergy Corp v Commissioner responded with its own brief in answer to the government’s arguments against crediting the UK windfall profits tax.
    May 18 2011
  • LDF registrations fail to take off
    Registration rates for the Liechtenstein Disclosure Facility (LDF) have not markedly increased in the last six months because UK citizens with undisclosed assets in Switzerland are waiting to see what deal emerges there.
    Salman Shaheen, May 18 2011
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