ITR Search | International Tax Review

OECD calls for sound tax policy to trigger economic growth

The Income, Wealth and Tax panel at the OECD forum 2016 in Paris. From left to right: Pascal Saint-Amans, Brooke Harrington, Richard Trumka and Pravin Gordhan The OECD 2016 forum set the foundation for proactive government action in economic development.

Amelia Schwanke, July 12 2016

Board accountability: A new era

Efforts to improve tax transparency in the post-BEPS environment have shifted the tax accountability of corporations to their boards of directors. Keith Brockman considers the implications of these changes.

July 12 2016

BEPS is here. Now what?

For the second consecutive year, Thomson Reuters and TP Week sought to determine the extent to which corporations are prepared to implement the BEPS recommendations across their tax and accounting departments. Brian Peccarelli, president of the Thomson Reuters tax and accounting department outlines the key findings and corporate compliance concerns.

July 12 2016

Swiss withholding tax in collective investment schemes

Switzerland’s 35% withholding tax is now a major government income generator. Alberto Lissi and Monika Gammeter Utzinger of Tax Partner AG – Taxand Switzerland discuss how the tax, levied mainly on corporate dividends and interest of bonds and income from collective investment schemes, accounts for roughly 10% of annual revenue.

July 12 2016

Cyprus: Cyprus immovable property tax reform

Zoe Kokoni Nicholas Karastergios The Cyprus Council of Ministers has approved the reduction of immovable property tax rates by 50% from 1 per thousand (that had been initially proposed) to 0.5 per thousand.

July 12 2016

Chile: Understanding the new employee stock option plans

César Agliati Ignacio Núñez The tax treatment of Employee Stock Options (ESOPS) will change from January 1 2017 when the Tax Reform Law No. 20.780 of September 2014, included in Article 17 No. 8 of the Chilean Income tax law, incorporates new rules in order to apply taxes to the different stages of an ESOP.

July 12 2016

Germany: Draft tax law includes BEPS measures including CbCR requirements

Alexander Linn Thorsten Braun Germany's Ministry of Finance has issued a draft tax law including measures based on the recommendations in the final reports issued under the OECD base erosion and profit shifting (BEPS) initiative and the amendments to the EU administrative cooperation directive to introduce country-by-country reporting (CbCR).

July 12 2016

Indonesia: New tax amnesty law and real estate investment funds in Indonesia

Freddy Karyadi Luna Puspita The House of Representatives approved a draft tax amnesty law on June 28 2016.

July 12 2016

Italy: Advance ruling for new investments in light of the recent clarifications provided by tax authorities

Michele Vannucci Aurelio Massimiano Circular No. 25/E, issued by the Italian tax authorities, has provided further clarifications on the advance ruling on new investments introduced by Legislative Decree No. 147 provided on September 14 2015, confirming its remarkable appeal for Italian and foreign investors.

July 12 2016

New Zealand: Changes coming for employee share schemes

Tim Stewart Joshua Aird The New Zealand Inland Revenue has released an officials' issues paper entitled "Taxation of employee share schemes" ("Issues Paper") that proposes a number of amendments to the New Zealand tax treatment of employee share schemes.

July 12 2016

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