ITR Search | International Tax Review

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

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

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

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

South Korea: New rights for taxpayers subjected to a dawn raid

The Korean government recently promulgated a new presidential decree imposing additional requirements on the National Tax Service (NTS) with regards to documents seized during an unannounced tax audit or 'dawn raid'.

February 27 2018

Albania: Albania approves changes to accounting standards; introduces IFRS 15

The Albanian legislative act which defines the general principles and rules for the preparation of accounting standards, financial statements and accounting records is the Law on Accounting and Financial Statements (Law No. 9228, dated April 29 2004).

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

Bitcoin and other cryptocurrencies in tax

A significant amount of developments have taken place in the past few years, writes Rose Boevé of EY Dutch Caribbean. This includes a surge in cryptocurrencies and in the accompanying regulatory playing field.

February 27 2018

The EU’s digital tax framework threatened by conflicting political agendas

The European Commission is about to unveil its proposals for the EU's digital tax strategy. Major EU states like France and Germany want to take action now, but Ireland stands in their way.

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

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