ITR Search | International Tax Review

Italy leads the way with trend-setting digital sales tax

Italy is set to impose a new tax on digital transactions, potentially setting a trend for Europe as a way to tackle the problem of tax avoidance among high-tech companies. But is unilateral action the way forward?

Josh White, January 30 2018

Demonetisation seeks to abolish black money

India bans PwC over the Satyam case

The Satyam fraud case was worth around 9,000 rupees crore ($1.7 billion) In a shocking turn of events, India's securities regulator has banned PwC from auditing listed companies for two years over a $1.7 billion fraud case involving Satyam, a computer company which employed PwC as its auditor. The Big 4 firm is now appealing the decision.

Josh White, January 30 2018

Luxembourg: VAT-free zone regime offers favourable conditions for transactions in high-value goods

Companies and individuals owning (or seeking to acquire) high-value goods should be aware that Luxembourg offers VAT and customs regimes that provide favourable conditions for certain transactions involving such goods.

January 30 2018

Italy and CbCR: recent developments and filing regulations for Swiss and US groups

Country-by-country reporting (CbCR) was introduced in Italy by Law No. 208 dated December 2015, published in the Official Journal No. 302 on December 30 2015), and entered into force on January 1 2016. A ministerial decree dated February 23 2017 (Decree), published in the Official Journal on March 8 2017, provided practical guidance on CbCR.

January 30 2018

Towards taxation of robots or their use?

The development of artificial intelligence (AI) and, in particular, of robots is an issue of global significance. Xavier Oberson, professor at the University of Geneva and a specialist in this area examines the societal change towards the use of robots and how to tax them.

January 30 2018

The Brockman brief: Tax subjectivity and complexity: road to nowhere

The US tax reform act, among other countries’ proposals and legislative pronouncements, has widened the breadth of subjectivity while adding new multiple systems for federal, state and international compliance, seemingly leading to a road to nowhere for tax simplification and transparency.

January 30 2018

Hold on to your hats…

The new year has started with a question. While this question can be phrased in a number of ways, the common denominator is the topic: US tax reform.

Joe Stanley-Smith, January 30 2018

US tax reform: The changes and the next steps

With the US tax reform bill on the verge of being signed, International Tax Review outlines the key takeaways for multinational companies and looks at what will need to be done in the new year.

Joe Stanley-Smith, January 30 2018

Q&A: Margaret Hodge on the Paradise Papers and responsible tax

Margaret Hodge, UK MP for Barking, who chairs the All Parliamentary Party Group (APPG) on Responsible Tax, speaks to International Tax Review about the Paradise Papers and how best to tackle tax avoidance in a modern global economy.

Josh White, January 30 2018

Greece: Moving towards a tax audit rationalisation?

During the past few years, Greek enterprises have been faced with a radical change in the domestic legislative tax framework along with the conduct of rather aggressive tax audits by the Greek Tax Authorities (GTA). Nevertheless, recent developments in relation to the definition of the 'tax evasion crime' and the statutory limitation period for the assessment of taxes by the GTA appear to rationalise the tax audit practices followed to date.

January 30 2018

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