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President Obama’s budget skims the surface of corporate tax reform

Tax measures introduced last year have been revived in President Obama’s 2012 budget, issued this morning.

February 14 2011
New UTP form is source of uncertainty

When the new uncertain tax position (UTP) form was launched in the US, in December last year, the IRS said it would simplify the disclosure process for uncertain positions and would not change their policy of restraint, relating to the audit process, in requesting work papers from companies.

February 11 2011
What to expect in Monday’s budget announcement

President Obama will unveil the 2012 US budget on Monday and many observers are expecting that their high hopes for tax reform will be realised.

February 11 2011
GST delays anger taxpayers before Indian budget

India’s taxpayers are expected to vent their anger towards the government later this month after many fear yet another delay in the implementation of a goods and service tax (GST) will be confirmed in the country’s budget.

Jack Grocott, February 11 2011
Owens foresees the end of tax havens

Jeffrey Owens, director of the OECD Centre for Tax Policy and Administration, believes the Organisation’s reviews of transparency and information exchange will see the end of tax havens.

Salman Shaheen, February 11 2011
Institute of Directors says UK corporate tax reduction to 24% is not enough

The Institute of Directors (IoD) in the UK has urged the coalition government to adopt bolder plans for the country’s corporation tax rate.

Matthew Gilleard, February 11 2011
Gowlings adds partner to tax practice

Marc-André Godard joined Gowling Lafleur Henderson as a partner in the firm’s national tax practice group in Montréal. Previously, he practised at McCarthy Tétrault.

February 11 2011
Are we out of the credit crisis? Implications for arm’s length interest rates

The credit cycle stage is a critical factor in the context of pricing intercompany loans and other debt instruments.

February 10 2011
Australian Taxation Office to clamp down on GST avoidance

The Australian Taxation Office (ATO) is set to implement a dedicated program to ensure compliance with goods and services tax (GST).

Matthew Gilleard, February 10 2011
Italy rules merger leveraged buyouts not abusive

The Italian Supreme Court has surprised many tax professionals by confirming that merger leveraged buyouts are not abusive.

Salman Shaheen, February 10 2011

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