ITR Search | International Tax Review

Panama to adopt Common Reporting Standard on AEOI

After years of wavering, Panama will finally adopt international tax reporting standards following the leak of 11.5 million financial documents and two weeks of intense scrutiny focused on the Central American tax haven.

Caroline Byrne, April 15 2016

TP WEEK NEWS BRIEFS For April 13, 2016

The latest headline news from Transfer Pricing Week. TP News Briefs include: the Panama Papers' JITSICN special meeting in Paris, the EC's proposed legislation targeting MNEs with European and offshore subsidiaries, the release of South Africa's CbCR draft regulations and Jamaica's collaboration with the OECD on transfer pricing

April 13 2016

EC to force companies to publish offshore data post-Panama

The European Commission (EC), emboldened by the public outcry at the Panama Papers leak, is refusing to back down on its plans for public country-by-country reporting (CbCR).

April 13 2016

EXCLUSIVE: OECD’s Saint-Amans discusses EC push to force MNEs to publish CbCR data on their websites

The European Commission’s crackdown on EU and foreign multinationals includes a plan to force MNEs operating in Europe to publish detailed country-by-country tax reports on their company websites – including financial data from offshore subsidiaries.

Joelle Jefferis, April 12 2016

European Commission demands MNEs publish EU and offshore tax data

The European Commission is pushing EU and foreign multinationals to publish detailed country-by-country tax reports on their company websites – including financial data on their businesses in Europe and offshore.

Joelle Jefferis, April 12 2016

Patent box in Italy: Guidelines issued by the Italian revenue office

The 2015 Stability Law introduced in Italy a new patent box regime for incomes deriving from the use of specific categories of intangibles. The regime, applicable as of tax year 2015, may be adopted by entities earning corporate income.

April 12 2016

BEPS: The impact survey

While the wave of international taxation triggered by the OECD’s 15 BEPS recommendations is designed to bring consistent tax reform globally, it may also be creating a new set of problems.

April 12 2016

‘Hectic’ times forecasted for Switzerland’s tax landscape

It has been called the ‘most comprehensive corporate tax reform in the last 50 years’. Switzerland’s federal corporate tax reform III’s (CTRIII) – which aims to once again put Switzerland in a competitive position for attracting business – recent strides towards enactment are nearing completion.

Amelia Schwanke, April 11 2016

BEPS: The impact survey

In May 2015, TP Week surveyed in-house tax professionals and found that 54% of them had been proactively taking steps to prepare for BEPS implementation.

Joelle Jefferis, April 11 2016

JITSIC to convene in response to 'Panama Papers'

The OECD will convene a meeting of the Joint International Tax Shelter Information and Collaboration (JITSIC) network on April 13 to "agree collaborative action" in light of the 'Panama Papers' revelations.

Matthew Gilleard, April 08 2016

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