ITR Search | International Tax Review

Corporates seek stability as uncertainty grows in Asia-Pacific’s tax landscape

Companies want tax regimes across the Asia-Pacific region to be more consistent and predictable, but believe they are becoming increasingly complicated in countries such as India and China, according to a recent survey.

Anjana Haines, April 26 2017

Q&A: Sami Koskinen of the Finnish Tax Administration on BEPS implementation

Sami Koskinen is a special adviser for the Large Taxpayers’ Office of the Finnish Tax Administration. Ahead of International Tax Review’s Global Transfer Pricing Forum in New York on May 8-9, he talks to Salman Shaheen of TP Week on how BEPS and country-by-country reporting (CbCR) are progressing.

Salman Shaheen, April 26 2017

Greece: Mutual agreement procedure clarified

The Greek authorities have published guidance that will help taxpayers understand how to initiate the mutual agreement procedure (MAP) when disputes arise over double tax agreements (DTAs).

April 26 2017

Uber faces big VAT bill if tax campaign wins in UK court

Uber faces a big question over its tax responsibilities Uber could be forced to pay millions of pounds in indirect tax if the UK High Court decides that the company should be charging VAT on its services. HMRC could also face questions as to why it did not take action at the first opportunity.

Anjana Haines, April 26 2017

Technology helping to tackle tax fraud across sharing economy

While tax authorities get better at detecting tax fraud, the fraudsters also find new ways to remain under the radar The sharing economy has offered numerous opportunities to individuals and businesses to minimise their tax liabilities, but tax authorities are now using sophisticated software to target those avoiding tax via platforms such as Airbnb, eBay, Amazon and Uber.

Amelia Schwanke, April 26 2017

GCC VAT: 50% of businesses have not begun preparing

Businesses must start preparing for VAT across the GCC now Half of all businesses and MNEs operating across the Middle East or selling into the region have not started preparing for the new VAT system that is scheduled to be implemented on January 1 2018 across the Gulf Cooperation Council's member states.

Joe Stanley-Smith, April 26 2017

US tax fairness and transparency proposals to raise compliance

If the bill becomes law, it could be bad news for businesses US Congressman Mark Pocan has introduced the Tax Fairness and Transparency Act in the House of Representatives to close tax loopholes and encourage transparency among corporations that hide their profits overseas. Multinationals should take note of the proposals as they may influence the wider tax reforms.

Anjana Haines, April 26 2017

Amazon defeats IRS in $1.5 billion tax case

Amazon’s win reinforces the tax treatment of transfer pricing methods Amazon has triumphed over the US tax authority after the US Tax Court ruled in favour of the online retailer in a tax dispute involving Amazon's use of a Luxembourg subsidiary for its European operations and transfer pricing arrangements.

Anjana Haines, April 26 2017

Amazon and its lessons for transfer pricing professionals

In light of the US Tax Court’s decision in Amazon v. Commissioner of Internal Revenue, many important predictions have been made about the impact this case will have on future transfer pricing litigation. However, it is important to look at the valuable lessons that should be learned by practitioners, corporations, attorneys, and tax authorities when documenting intercompany transactions, specifically intangibles. John Wiora, director of operations at ktMINE, investigates.

April 26 2017

Proposed new tax regime targets real estate in Sweden

Sweden plans to introduce new rules on the taxation of commercial real estate that may complicate tax credits for foreign taxpayers and potentially result in double taxation. Richard Hedin Thyr, tax partner, and Hussein Abdali, tax adviser, at Skeppsbron Skatt, Taxand Sweden, analyse what these proposals could mean.

April 26 2017

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