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  • EY has turned heads with its acquisition of legal technology firm Riverview Law, and says it will “aggressively” recruit to expand its legal managed services offering. Is this a ground-breaking development, or part of an established trend?
  • Luxembourg hopes the new VAT grouping regime will help the financial sector get over the loss of IGP Luxembourg's VAT grouping regime will help soften the blow of losing the independent group of persons (IGP) option for some financial companies, but one VAT manager at a financial services company says the new rules are useless.
  • Glenn Price, head of international tax at Vodafone, talks to Josh White about the risks taxpayers face in an increasingly uncertain world.
  • Joe Stanley-Smith sits down with Walter Hellerstein, the leading US academic on state and local taxation, to talk about Wayfair chaos, the US and EU’s shared indirect tax maladies and why so much intellectual effort is wasted on corporate taxation.
  • A tax dispute can cost a business its profitability and its reputation Around $75.3 billion of Fortune 500 capital is under dispute with tax authorities, and almost two thirds of tax directors expect the lack of consensus on value creation to push this figure even higher.
  • The House Ways & Means Committee has embarked on an ambitious plan to rush a trio of tax bills through Congress.
  • It has been reported that by the end of September 2018, the Directorate General of Tax (DGT) will commence the automatic exchange of information (AEOI) through the common transmission system (CTS). There are five types of data that are expected to be exchanged within the AEOI framework: (i) identity of bank account holder; (ii) bank account number; (iii) identity of financial institution; (iv) bank account balance; and (v) income deriving from the bank account (interest). Effective implementation of the AEOI may increase tax revenue, especially in terms of income tax. The DGT is authorised to utilise the collected data to evaluate taxpayers' compliance with their taxation obligations, including reporting requirements such as the submission of annual tax returns.
  • The recent geopolitical situation in the Middle East has motivated a significant number of Asian high-net-worth individuals to consider moving westward towards European markets, contributing considerably to the development of so-called 'rich immigration'.
  • At a series of International Fiscal Association (IFA) roundtables, most recently in May 2018, the Canada Revenue Agency (CRA) commented on the classification of certain foreign entities for Canadian tax purposes. These statements have created some uncertainty as to how Canada will treat foreign entities styled as 'partnerships'.
  • An Italian priest, Donald Trump, Gareth Southgate and Malaysian customs officials are the subjects of this month's Tax Relief.