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EC suggests ambitious anti-carousel fraud VAT measures

The European Commission (EC) wants to change the way VAT is collected in the EU to reduce missing trader and carousel fraud, which cost governments tens of billions of euros in lost revenue each year.

Joe Stanley-Smith, March 30 2016

Stack says US will withdraw CbC information if made public

Bob Stack took a stance against public CbCR in Dublin The US will not share country-by-country report (CbCR) information with foreign authorities who choose to make the reports public, said deputy assistant secretary at the US Treasury Robert Stack.

March 30 2016

Indonesia: Analysing facilities in the special economic zones

Freddy Karyadi Chaterine Tanuwijaya To boost investments to Indonesia, support economic development and increase employment in the special economic zones (SEZs), Indonesia issued Government Regulation No 96 of 2016 (GR 96/2016) on December 28 2015 on 'Facilities in the Special Economic Zones', effective as of January 25 2016.

March 30 2016

Relief from the bizarre taxes; Part two

Anyone who was around in the Middle Ages can attest that soap deserved an exemption as an essential good. Especially when considering number 3 in the list Some of the strange taxes from history make modern taxes seem almost desirable. Tax avoidance may be hitting today's headlines, but trying to avoid tax has existed as long as tax itself.

March 30 2016

Implementation of profit splits

In the seventh in a series of articles on intangibles and finance, Tom Braukmann, Philip de Homont and Alexander Voegele, NERA Frankfurt, show how to implement a profit split system.

March 30 2016

Deals of the month

See who has done the tax work on this month’s biggest deals

March 30 2016

Analysing Facebook’s tax fiasco

Facebook’s new ‘Like’ emoticons are receiving wide-ranging ‘reactions’ from the public, tax practitioners and NGOs On March 4, two of the major UK newspapers' online sites released two different stories about Facebook relocating its sales revenue to the UK. Differing views on the company's tax liabilities reveal that Facebook's tax hiccup isn't yet over.

Amelia Schwanke, March 30 2016

Brazil: Amendments to interest on net equity not passed

Alvaro Pereira Mark Conomy On March 10 2016, the Brazilian Congress published Act No 5 of 2016, which provided that Provisional Measure 694 (PM 694/2015) expired on March 8 2016 and would not be converted into law. PM 694/2015 was released on September 30 2015, and was principally concerned with amendments to the calculation basis and withholding tax rates applicable to interest on net equity payments (INE).

March 30 2016

Canada: Tax Court of Canada: Foreign rectification orders not binding on CRA unless properly recognised by Canadian courts

Francois Auger Julia Qian Wang In Canadian Forest Navigation Co Ltd (CFN), the Tax Court of Canada (TCC) determined as a question of law that the Canada Revenue Agency (CRA) is not bound by foreign rectification orders and is not precluded from taking a position contrary to such orders.

March 30 2016

Switzerland: Swiss House of Representatives makes the CTR III package even more attractive

Jacques Kistler Rene Zulauf The Swiss House of Representatives voted on the Swiss Corporate Tax Reform III (CTR III) on March 16 and 17. The House voted, among others, in favour of the following replacement measures to compensate for the abolition of special income tax regimes:

March 30 2016

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