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  • intl-updates-small.jpg
    Romania: Tax Incentives for companies performing research and development activities
    Gabriel Sincu It is generally known that Romania is an important hub in the IT industry and Romanian IT specialists are appreciated worldwide. One of the reasons for this success is a tax incentive introduced by the Romanian authorities almost 15 years ago: employees involved in software programming in Romania are exempted from salary tax.
    May 30 2017
  • double
    The Brockman brief: Double taxation: Does it matter?
    There is one topic that is seemingly silent by tax administrations, non-governmental organisations (NGOs), parliamentarians and international tax bodies: double taxation. Keith Brockman reviews the state of play and what can be done to help multinationals.
    May 30 2017
  • Diageo first to fall foul of UK DPT
    UK multinational and alcoholic drinks producer Diageo is the first company that will have to make an upfront tax payment to UK tax authority, HMRC, before it can challenge preliminary notices of assessment issued under the diverted profits tax (DPT) regime.
    Anjana Haines, May 30 2017
  • UK losing billions from leaky online VAT laws
    The UK is losing between £1 billion and £1.5 billion ($1.3-1.9 billion) to online VAT fraud and errors per year, a new report has said. The report comes just days after the EU said it could fine the UK €2 billion for failing to charge customs duties on the import of Chinese goods.
    Joe Stanley-Smith, May 30 2017
  • Celebrating the wonders of tax and justice
    As the latest film in the DC franchise, Wonder Woman, premiers on the silver screen and fans get ready for the next instalment in November with Justice League, we are celebrating the wonder women and supermen of tax.
    Anjana Haines, May 30 2017
  • Deals of the month
    See who has done the tax work on this month’s biggest deals
    May 30 2017
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    Chevron’s landmark loss against ATO sets a precedent
    The outcome of the Chevron appeal could set a precedent for future cases The Australian Tax Office (ATO) will go after other multinationals that it believes to be guilty of tax avoidance after winning a landmark transfer pricing case against global oil and energy company Chevron over shifting profits to the US.
    Anjana Haines, May 30 2017
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    China announces RMB 380 billion in tax cuts
    Chinese policymakers have been closely following moves by various countries around the world to improve their investment attractiveness, including via tax policy, such as the US Trump Administration’s proposals on reducing the corporate tax rate to 15%. Khoonming Ho and Lewis Lu of KPMG China discuss the changes happening in China in response to the developments abroad.
    May 30 2017
  • blockchain
    Using blockchain for transparent beneficial ownership registers
    The OECD and the Financial Action Task Force (FATF) are considering how to improve implementation of the international standards on transparency, including on the availability of beneficial ownership information and its international exchange. Julia de Jong, Alexander Meyer, and Jeffrey Owens of the Global Tax Policy Centre at the Institute of Austrian and International Tax Law within the Vienna University of Economics and Business explore how blockchain technology could be used to achieve this goal.
    May 30 2017
  • The introduction of GST is seen as an eagerly awaited
    GST in India: Learning from the Malaysian experience
    India is about to embark on a landmark change to its indirect tax system by implementing a goods and services tax (GST) regime. Yvonne Beh, partner at Wong & Partners (a member firm of Baker McKenzie International) and Nishant Shah, partner at Economic Laws Practice, explore how India can learn from Malaysia’s implementation experience.
    May 30 2017
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