ITR Search | International Tax Review

Canada backs down in BP tax case

The Canadian Revenue Agency (CRA) has said it will not appeal the Federal Court of Appeal’s decision on tax information disclosure that went in favour of BP Canada. Instead, the CRA has suggested that it will target more businesses through tougher audit procedures.

Anjana Haines, June 02 2017

Mayer Brown appoints Gary Wilcox as partner in Washington

Mayer Brown has appointed Gary Wilcox as a partner in its tax controversy and transfer pricing practice in its Washington DC office.

Sandra Ekpo, June 02 2017

International updates - June 2017

The latest international updates from our correspondents around the world.

June 01 2017

Worry for multinationals in India as TP case on AMP expenses indicates new direction

A transfer pricing case involving advertisement, marketing and promotional (AMP) expenses has seen Indian tax tribunals go against recent court decisions, signalling a shift in the approach the bright line test is used to assess AMP expenses.

Lena Angvik, June 01 2017

Wagner and Scheifele join Hengeler Mueller’s tax practice in Munich, Germany

Gunther Wagner has returned to the Hengeler Mueller’s tax practice as a counsel. He previously worked as an associate for the firm from 2009 to 2015. As an associate, Wagner advised German utility RWE on the sale of its oil unit, Dea. He also advised on the sale of 360T to Deutche Börse AG.

Tessa Neal, June 01 2017

Saudi Arabia seeks feedback on draft VAT law

Saudi Arabia has released a 12-point draft VAT law, laying down the framework under which the GCC member state will implement VAT from January 1 2018.

Joe Stanley-Smith, June 01 2017

EU adopts directive to tackle hybrid mismatches

The European Union (EU) Council has adopted rules to prevent multinationals using hybrid mismatch arrangements to avoid taxation, but the measures risk conflicts with national laws and could give rise to disputes.

Joe Stanley-Smith, May 31 2017

OECD releases peer review criteria for BEPS Action 6

Governments have six months to prepare before peer reviews begin on how they meet the minimum standards of the BEPS project, including Action 6 on treaty shopping. But tax authorities could face some difficulties in meeting their targets.

Natalie Leonidou, May 31 2017

US budget targets a simple tax code, but will it work?

The US budget proposes simplifying the tax code and removing most of the special interest tax breaks to improve business competitiveness and economic growth, but businesses are sceptical about the real impact of the plans.

Natalie Leonidou, May 31 2017

Asia Tax Awards 2017

Twenty-eight different firms, individuals and companies shared the prizes at the Asia Tax Awards in Singapore.

May 30 2017

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