ITR Search | International Tax Review

Formula One’s income taxable in India, rules Supreme Court

India’s Supreme Court has ruled that Formula One has a permanent establishment in India in a big victory for the country’s income tax department.

Lena Angvik, May 02 2017

Brazilian rules on country-by-country reporting

In line with the commitments agreed by Brazil under the BEPS Project, the Brazilian Federal Revenue Service introduced a new statutory requirement for certain Brazilian-based entities, which are part of multinational enterprise (MNE) groups to submit an annual country-by-country (CbC) report, containing information regarding their profits, taxes and other indicators of economic activities.

Joe Stanley-Smith, May 02 2017

International updates - May 2017

The latest international updates from our correspondents around the world.

April 28 2017

Chevron’s landmark loss against ATO sets a precedent

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, April 28 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, April 27 2017

Trump’s tax plan leaves many questions unanswered

Secretary of the Treasury Steven Mnuchin and other members of his team unveiled a broad set of goals and “core principles” for US tax reform, but skirted around several questions that would have provided more detail and clarity.

Anjana Haines, April 27 2017

A breakdown of Trump’s tax reform plan

US President Donald Trump released his one-page tax reform plan yesterday, which offered companies disappointingly little insight into how the reform will work in practice.

Lena Angvik, April 27 2017

Chris Jordan and Ramez Katf appointed as Australian Commissioners of Taxation

Chris Jordan has been reappointed as the Australian Commissioner of Taxation and Ramez Katf has been appointed as the Second Commissioner of Taxation.

April 27 2017

CMS appoints eight partners to its tax group

CMS has appointed eight partners to its tax group in its 2017 round of global promotions.

April 26 2017

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

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