Archive: tax policy
Norway: Government announces tax plans for 2014 – more details
May 15, 2013. Tags: budget, income tax, Norway, tax policy
The Government published a press release (No. 18/2013) that outlines the tax plans for 2014. The measures were also mentioned on the revised Budget for 2013, …
US treasury regulations issued on outbound asset reorganizations [TAX ALERT]
May 15, 2013. Tags: tax policy, United States
On 18 March 2013, the US Treasury Department (Treasury) issued multiple regulation packages under Sections 367, 1248 and 6038B of the Internal Revenue Code adopting, …
UK issues Finance Bill 2013 [TAX ALERT]
May 14, 2013. Tags: tax policy, United Kingdom
The UK published its Finance Bill 2013 on 28 March. Finance Bill 2013 shows the two sides of the Government’s tax policy – the desire to …
United States: third quarter update to 2012–2013 Priority Guidance Plan released
May 13, 2013. Tags: IRS, tax policy, United States of America
The US Treasury Department and the Internal Revenue Service (IRS) have issued the third quarter update to the 2012–2013 Priority Guidance Plan. The original 2012–2013 Priority …
German 2013 Annual Tax Act provisions in Conference Committee review [TAX ALERT]
May 8, 2013. Tags: European Union, Germany, mutual assistance, tax policy, VAT
On 22 March 2013, the German Upper House (Bundesrat or State Council) failed to approve the “Act Implementing the Mutual Assistance Directive and Amending Tax …
Finland announces tax law amendments [TAX ALERT]
May 7, 2013. Tags: Finland, tax law, tax policy
The Finnish Government announced on 21 March 2013 amendments to the country’s tax law. The announced amendments are considered binding political action taken by the Government. However, …
Foreign currency controls drive the issuance of new tax rules in Argentina [TAX ALERT]
May 6, 2013. Tags: Argentina, tax policy, withholding
The Argentine Federal Tax Authorities (AFIP) have issued General Resolution No. 3450/2013 (published in the Official Gazette on 18 March 2013), which broadens the scope …
US: IRS LB&I issues Competent Authority Statistics [TAX ALERT]
April 30, 2013. Tags: APA, IRS, tax policy, transfer pricing, United States
On 14 March 2013, the Internal Revenue Service (IRS) released the Large Business & International (LB&I) Division Competent Authority Statistics for the fiscal year ended …
IRS concludes equity-linked debt creates straddle, requires capitalization [TAX ALERT]
April 29, 2013. Tags: IRS, tax policy, United States of America
In CCA 201310027, the IRS has concluded that contingent debt instruments a corporation issued referencing portfolio shares held by the corporation are part of a …
Estimates and guesstimates – mind the tax gap
April 24, 2013. Tags: tax avoidance, tax planning, tax policy
In an ideal world, tax authorities would seek to narrow the gap by targeting both evasion and avoidance. But isn’t the tax gap a guesstimate?
United States: 2014 budget – President submits Administration’s proposals to Congress with international tax changes
April 19, 2013. Tags: budget, international tax, tax policy, United States of America
President Obama has submitted his Administration’s fiscal year 2014 budget to the US Congress with international tax changes. The significant proposals include: Excluding foreign pension funds from …
Belgium: Council of Ministers reaches agreement on new tax measures
April 15, 2013. Tags: anti-abuse, Belgium, excise duty, tax policy, withholding tax
Recently, the Belgian Council of Ministers reached an agreement on new tax measures to balance the 2013 Budget. Details of the most important proposals are …
United States: public comments requested on recommendations for 2013–14 Guidance Priority List
April 2, 2013. Tags: IRS, tax policy, United States of America
The US Internal Revenue Service (IRS) and the US Treasury Department have issued IRS Notice 2013-22 requesting comments on recommendations for items that should be …
The rise of the whistleblower
April 2, 2013. Tags: IRS, tax evasion, tax policy
In today’s economic climate whistleblowers are seen as an effective tool to help uncover tax evasion and fill the tax gap.
Why tax gap figures are a useful indicator for authorities [VIDEO]
March 22, 2013. Tags: tax, tax policy
Despite the risk of misinterpretation, tax gap figures still provide a meaningful benchmark for authorities, says Dave Hartnett.
Bahamas: tax reform – introduction of VAT in 2014
February 26, 2013. Tags: Bahamas, tax policy, tax reform, VAT
On 14 February 2013, the Ministry of Finance issued a press release announcing the introduction of a value added tax (VAT) with effect from 1 …
US tax update for businesses operating in Asia [WEBCAST]
February 21, 2013. Tags: Asia, corporate tax, tax policy, tax reform, United States of America
The US dangled over the edge of its “fiscal cliff” before adopting legislation that resolves a number of pressing tax issues but leaves other issues …
How tax authorities can foster competitiveness [VIDEO]
February 20, 2013. Tags: income tax, tax, tax policy
Dave Hartnett explores the role that tax authorities can play in promoting tax competitiveness.
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