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  • This was Malusi Gigaba’s final budget, as he was replaced by Nhlanhla Nene shortly after delivering it Years of budget misuse have created a deep hole in South African government coffers. A new president means a new direction, starting with the 2018 budget that proposes a number of revenue-raising measures that are receiving mixed reactions.
  • In November 2017, the European Court of Justice (ECJ) released its much anticipated decision in the case C-246/16 (Enzo di Maura). The case related to the right of an Italian taxpayer to reduce the amount of his VATable amount and thus the respective VAT, due to the fact that his customer (debtor) had declared bankruptcy. The court ruled that a member state could not reduce the VATable amount in the event of total or partial non-payment on the basis that insolvency proceedings had been unsuccessful, when such proceedings could last longer than 10 years.
  • Doug O’Donnell, head of the large business and international (LB&I) department in the IRS, speaks to Joe Stanley-Smith about how he runs his large business and international department in the rapidly changing arenas of US and international tax.
  • As the United Kingdom hastily prepares for its planned exit from the EU, thereby leaving EU27 Member States (EU27), interesting trends are starting to develop for this change.
  • Geoff Peck, executive officer and chief taxologist at PawPaw Taxology, dives deeper into how tax leaders can approach tax technology with better clarity and assurance than they do today.
  • The amnesty could be a response to US tax reform Russia has announced the launch of a capital amnesty and a tax-free wind up to allow businesses to declare assets. President Vladimir Putin has signed off on the plan just as international sanctions are tightening and the country is awaiting the common reporting standard (CRS) being implemented later this year.
  • The hung parliament could hinder the EU’s bid to settle the debt crisis Tax incentives, including R&D investment perks, are at risk following a massive shift in power in Italy's general election, which took place on March 4.
  • The US Internal Revenue Service (IRS) is, in many ways, typical of tax authorities around the world – it’s not as well-resourced as it once was. It is being asked to do more with less, and it is turning to data analytics to help it better identify where it should focus its attention.
  • Sponsored by KPMG China
    China's 13th National People's Congress (NPC) – China's new Parliament – and the Chinese People's Political Consultative Conference (CPPCC) – equivalent to a Senate – held meetings in the period March 3-20 2018. A number of regulatory and tax reforms have been announced in the course of the week, in particular in Premier Li Keqiang's government work report address to the NPC.
  • Sponsored by Russell McVeagh
    The new Labour Party-led government formed late last year is implementing policies to dampen speculation in the residential property market.