ITR Search | International Tax Review

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

Chile: Concept of beneficiary of a double tax treaty

Gregorio Martínez Ignacio Núñez Chilean domestic law provides a withholding mechanism that requires the Chilean resident who pays a non-domicile or non-resident to withhold the amount of tax due and revert it to the tax authorities.

May 30 2017

Poland: The benefits of operating in a special economic zone

Monika Dziedzic Until 2027, most of businesses operating in Polish special economic zones (SEZs) may be exempt from profits tax and real estate tax. There are 14 SEZs located all around Poland, but the SEZ status may be also given to nearly any appointed location.

May 30 2017

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

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

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