ITR Search | International Tax Review

Ireland: A new dawn for property taxation

A comprehensive reform of Ireland's property taxation system is due to come into force on January 1 2009, explain Breen Cassidy and Ben Kelly of Ernst & Young

September 30 2007

FIN 48 and tax audits

Neil Wilson The US Financial Accounting Standards Board (FASB) interpretation no. 48, Accounting for Uncertainty in Income Taxes, and Interpretation of FASB Statement No. 109 (FIN 48) has been a hot topic of discussion lately. In essence, FIN 48 directs US reporting companies as to how under the Generally Accepted Accounting Principles (GAAP) they should account for uncertain tax positions in their corporate financial accounts.

September 30 2007

Best practice is the key to effective transfer pricing management

Global risk management in relation to tax and transfer pricing is becoming a top priority for both CFOs and heads of tax of multinational corporations. Michel Sijmonsbergen, Steven Carey and Carsten Schmid of Transfer Pricing Associates look at the key trends

September 30 2007

UK Revenue targets private banks

The Revenue & Customs has targeted private banks as part of its initiative to limit tax evasion through offshore accounts.

September 30 2007

Taxation of companies' foreign profits

The Treasury issued a consultation document in June 2007 inviting comment on the proposed reform of the UK's controlled foreign company (CFC) regime. The paper proposes a new income-based system for controlled companies (CC).

September 30 2007

Congress reviews international tax legislation

Edward Tanenbaum Two significant pieces of international tax legislation are working their way through Congress this autumn.

September 30 2007

MOFE's proposed tax reforms for 2008

David Jin-Young Lee On August 22, the Ministry of Finance and Economy (MOFE) announced its proposed tax reforms for 2008.

September 30 2007

New Japan-Australia tax treaty is agreed

Akio Takisaki The governments of Japan and Australia confirmed that they had reached a basic agreement on a new tax treaty between Japan and Australia on August 3 2007. The details have not yet been announced. The new treaty will come into effect after its finalisation by the two governments and its approval by their respective parliaments, which is assumed to take some time.

September 30 2007

India: Business restructuring and its transfer pricing implications

Although tax is no longer necessarily the primary driver for restructuring, companies can nevertheless optimise taxes by planning the restructuring appropriately, reveal Indraneel Roy Choudhury and Rakesh Mishra of PricewaterhouseCoopers

September 30 2007

Editorial

Transfer pricing in Asia has grown in importance for taxpayers and tax authorities. As officials adopt a get-tough approach to enforcement, taxpayers are being forced to work harder to ensure their related-party transactions cannot be challenged. Court cases during the year in jurisdictions, such as India, have revealed official attitudes to transfer pricing and what taxpayers can do to be on the right side of administrators.

September 30 2007

Search results for