ITR Search | International Tax Review

France and the US clash over digital service tax plans

The US has ramped up its opposition to France’s digital services tax (DST) by opening an investigation into it, but French senators have defiantly approved the so-called ‘GAFA’ tax anyway.

Joe Stanley-Smith, July 12 2019

‘Absolutely shocking’: Corporates shaken after Swiss Supreme Court ignores tax ruling

Taxpayers are worried about tax certainty in Switzerland after the Federal Supreme Court ignored an advanced tax ruling in June. This could set a precedent for other cases.

Danish Mehboob, July 12 2019

Procter & Gamble responds to Johnson & Johnson on BEPS 2.0

As the OECD tries to find a tax solution to the digital economy, the business community is thinking about what would work best out of the proposals on the table.

Josh White, July 11 2019

Italy addresses double taxation arising from foreign TP adjustments

Italy has recently implemented a new procedure to mitigate double taxation arising from foreign transfer pricing adjustments. Chiomenti’s Raul-Angelo Papotti, Paolo Giacometti and Andrea Alcara discuss the procedure, conditions and mandatory elements that must be addressed in order for an enterprise to seek an adjustment.

July 11 2019

Russia’s 20-year evolution of transfer pricing practices

In twenty short years, Russia has undergone a rapid transformation in transfer pricing (TP) adoption and harmonisation with the OECD’s norms. EY CIS’s Evgenia Veter traces the nation’s adoption, evolution and future development of TP policy, while exploring the key areas Russian tax authorities have currently highlighted as their focus

Evgenia Veter, July 11 2019

Sponsored by Deloitte Luxembourg

Transfer pricing controversy and governance challenges in Luxembourg

Luxembourg’s stability and innovative culture has made it a global leader in the financial services sector. However, the greater interaction between the tax and regulatory dimension is creating complex tax governance and controversy challenges. Deloitte Luxembourg’s Ralf Heussner and Enrique Marchesi-Herce explore the impact BEPS changes will have on Luxembourg and its financial services sector

Enrique Marchesi-Herce, July 11 2019

Companies measure tax departments on their ability to cut risk, not effective tax rates

Managing tax risk is the most important metric by which tax departments are measured, with the more traditional target of lowering the company’s effective tax rate being less important to tax heads. However, CEOs seem to know little about tax KPIs and how, or why, they are chosen.

Joe Stanley-Smith, July 10 2019

EU customs head: businesses should embrace, not fear, change

Philip Kermode, the EU’s head of customs, says businesses must brace themselves for the modern era of customs, in which data flows are every bit as important as physical border checks.

Alexander Hartley, July 10 2019

Market insight: People moves

In this month’s round-up of individual and company changes, Andersen Global expanded into the Middle East, while several tax teams in Central America grew and a number of lead partners were appointed to major firms worldwide.

July 10 2019

India’s angel tax

Generally, income taxes are not levied at the same time as the investment transaction in the share capital of any company because this amounts to the allotment of new shares. However, writes Anand Jaiswal of Infosys, this route of investment has been misused by many to dump huge funds in otherwise less valued companies for various reasons, including round-tripping and money laundering.

July 10 2019

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