ITR Search | International Tax Review

Brazil: Changes to the oil and gas tax framework; guidance on capital gains; TIEA between Brazil and Switzerland approved

Significant changes are being made to the tax legislation governing the oil and gas sector, as well as new guidance on the taxation of capital gains.

October 26 2017

Business costs to fall as EU agree on MAP

The new dispute resolution Directive is expected to cut costs for businesses Ministers of the EU Economic and Financial Affairs Council (ECOFIN) have agreed on a new system for resolving double taxation disputes between member states that could see litigation and compliance costs fall considerably for businesses operating in the EU.

Anjana Haines, October 26 2017

Amazon and eBay profiting from VAT evaders

The UK is losing billions of pounds in revenues each year from online VAT fraud committed by foreign traders. But with Amazon and eBay profiting from the fraudsters, and HMRC not doing enough to tackle the problem, Anjana Haines explores whether collaboration or conviction is the better solution

Anjana Haines, October 26 2017

Breaking down borders: Liberating EU commerce through VAT reform

While walls, wire fences and border checks proliferate around the world, the EU is looking to liberalise VAT rules to break down barriers to trade within its borders. Joe Stanley-Smith explores the EU’s proposals for a new definitive VAT regime with Maria Teresa Fabregas Fernandez, director for indirect taxation and tax administration at the European Commission.

Joe Stanley-Smith, October 26 2017

Tax Relief

Because tax doesn’t have to be taxing. A less-than-serious look back at some of the quirkier tax stories from the past month.

October 26 2017

Poland: Debt push down no longer tax deductible from 2018

Acquisition of Polish companies used to be structured via an acquiring Polish entity (limited liability company or a joint stock company) which was debt financed. Both before and after the merger of the acquisition and the target the interest on debt was tax deductible. It was limited with debt to equity thin capitalisation that applied only to selected related party debt. Interest on non-related party debt (bank loans) was fully tax deductible.

October 26 2017

Deals of the month

See who has done the tax work on this month’s biggest deals.

October 26 2017

Indonesia: Taxation on e-commerce transactions

The finance minister is planning to issue a new regulation concerning taxation on e-commerce transactions, including the applicable tax rate and the mechanism on how to collect the tax.

October 26 2017

China: Modernised industry regulation, greater oversight, and a strengthened DTA network

In September and October 2017 a series of new and proposed rules sought to modernise industry regulation, give the public authorities greater oversight of payments and asset ownership, and strengthen China's network of international tax agreements.

October 26 2017

Harmful tax incentives critically curtailed: BEPS Action 5 in action

BEPS Action 5 – Countering harmful tax practices more effectively by taking into account transparency and substance is one of the four BEPS minimum standards. To date, 102 jurisdictions have committed to its implementation, and 2017 is a decisive year in translating that commitment into action. Achim Pross, Kevin Shoom and Melissa Dejong of the OECD, discuss the first results of the work under BEPS Action 5, and its significance in achieving the goals of the BEPS project.

October 26 2017

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