ITR Search | International Tax Review

No room for doubt: the ‘race to the bottom’ is on

Judging by the speeches at the World Economic Forum in Davos, political and business leaders are concerned by the changing dynamics of international tax competition and there can be no doubt that the ‘race to the bottom’ is on.

Josh White, February 27 2018

US tax reform: The tax competition risks to the Netherlands and EU

Advisers expect some American companies to take their assets out of the Netherlands The Netherlands, a gateway for American business to enter the EU market, faces tough tax competition as a result of the US tax reform. But the US changes may have made things more difficult for the EU as a whole.

Josh White, February 27 2018

US tax reform: GILTI uncertainties

For months, Congress promoted the tax reform effort as being focused on simplifying the outdated and complex 1986 Tax Code. Tax reform, culminating in H.R. 1, did no such thing, at least where it applies to multinational US corporations. Nowhere is this more apparent than in section 951A, the tax on global intangible low-taxed income, or ‘GILTI’. Erik Christenson, partner at Baker McKenzie, and Monte Silver, senior counsel at Eitan, Mehulal & Sadot explain.

February 27 2018

Making Tax Digital – confusion on the digital journey

The first component of the UK’s HMRC Making Tax Digital (MTD) project, VAT compliance, goes live on April 1 2019. Corporation tax and income tax will follow in 2020 or later, writes Richard Asquith, vice president of global indirect tax at Avalara.

February 27 2018

Could lower tax demands be the answer to cutting disputes?

Litigation between taxpayers and authorities is growing worldwide, but a successful outcome is never easy for any party involved in a conflict. Anjana Haines investigates why tax disputes are rising and how to potentially ease the burden.

Anjana Haines, February 27 2018

Limited tax perks for MNEs in India’s last budget before 2019 elections

The budget was well received, but the largest companies did not see their corporate tax rate cut In a budget that will play well with the electorate ahead of the 2019 elections, Finance Minister Arun Jaitley gave generously to some businesses, but left MNEs disappointed, and with a potentially higher tax burden.

Anjana Haines, February 27 2018

UK considers closer links between employment and tax rules

The taxation of ‘self-employed’ workers at companies like Uber has been a major point of contention in recent years The UK government has released its response to the Taylor Review, but the reaction to its response have been mixed among those working in, and representing, the gig economy.

Anjana Haines, February 27 2018

Going for gold in transactional tax

The Winter Olympics captured the attention of the world during February as athletes speed skated, snowboarded, scored, slid and skied for the greatest prizes in winter sports.

February 27 2018

The Brockman brief: Fast-track approvals

With the avalanche and uncertainty of unilateral adoption of BEPS-related provisions by many countries, in addition to subjective general anti-abuse treaty-based legislation, excessive lead times and inefficiencies of competent authority/treaty approval processes are becoming more costly and significant for both taxpayers and tax administrations.

February 27 2018

Serbia narrows down list of services subject to withholding tax

Important changes affecting a wide range of companies in Serbia have been introduced via amendments to the provision related to the application of withholding tax. Article 40, paragraph 1, item 5 of the Law on Corporate Profit Tax regulates the taxation of services provided by foreign entities by subjecting them to withholding tax. It will apply as of April 1 2018.

February 27 2018

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