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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

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

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

Chile: Voluntary income tax payment opportunity

Rodrigo Winter Loreto Pelegri Chile has an integrated tax system under which corporate income tax is fully creditable against final taxes such as surtax and additional withholding tax when a dividend or profit distribution occurs.

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

Germany: Treaty override declared constitutional

Alexander Linn Thorsten Braun In a decision dated December 15 2015 (and published on February 12 2016), Germany's constitutional court (BVerfG) confirmed that the legislature can enact tax treaty override provisions that aim to secure Germany's taxation rights, despite treaty provisions to the contrary.

March 30 2016

Canada’s 2016 Budget to be paid for by the US*

Negotiations for fictitious Budget funding from the US to Canada have hit a brick Wall in Mexico In an all-party parliamentary vote this month, the US Congress has passed a movement to send a cheque to the Canadian Prime Minister, Justin Trudeau, for his 2016 Budget.

March 30 2016

FATCA and CRS: The end of an era

Sofia Stavridi, a Queen Mary University of London graduate now working in investment management tax services at a Big 4 firm in the UK, provides a refresher on FATCA and CRS, tracking the latest trends in global exchange of information, exploring the latest tax authority tools in this area and identifying what taxpayers can do.

March 30 2016

Special features - April 2016

Read this month's special feature for Intangibles

March 30 2016

Bulgaria: Exchange of tax and financial information in Bulgaria

Petar Varbanov On February 12 2016, Bulgaria ratified the Convention on Mutual Administrative Assistance in Tax Matters, as amended by the 2010 protocol, by way of Decree No 21 published in the Official Gazette No 14 of 19 February 2016 as well as the OECD Automatic Exchange of Information Agreement (2014), by way of Decree No 22 published in the same issue of the Official Gazette.

March 30 2016

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