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The Organisation for Economic Co-operation and Development has, in its recent economic survey of the United States, welcomed steps taken by the Government to reform the country's international tax system. Read Full Story
A bill has been introduced by Lloyd Doggett, a senior member of the US House Ways and Means Committee, with the support of 50 other Democrat Representatives, to impose an exit tax on corporations that undertake corporate tax inversions or otherwise renounce their American citizenship. Read Full Story
The South African Revenue Service has issued an interpretation note that provides guidance on the application of the Income Tax Act to headquarter companies. Read Full Story
US House of Representatives Ways and Means Committee Chairman Paul Ryan has sent a letter to President Barack Obama asking him to clarify whether he intends to waive tax code provisions directed at illicit Iranian behavior. Read Full Story
On April 1, Italy's Minister of the Economy and Finance, Pier Carlo Padoan, signed two decrees that modify Italy's "black lists," and announced on the same day that Italy and the Vatican had signed their previously agreed tax information exchange agreement. Read Full Story
A new study from the US Congressional Research Service shows that over the past decade, US multinationals have declared greater shares of their profits in low-tax jurisdictions. Read Full Story
India's tax authorities are to hold a third rounds of talks with telecoms giant Vodafone in an effort to resolve their protracted dispute, Finance Minister P. Chidambaram confirmed in a series of interviews. Read Full Story
Representatives of the Indian tax authorities are set to meet with with telecoms giant Vodafone this week in an effort to resolve their long running tax dispute. Read Full Story
Telecoms giant Vodafone has confirmed that it has received a "reminder" from the Indian tax authorities relating to a back tax bill that was thought to have been settled by a court ruling earlier this year, a sign that the dispute over its 2007 acquisition of Hutchinson Essar is unlikely to end soon. Read Full Story
A series of New Zealand tax reforms have received Royal Assent, paving the way for changes to data administration, tax compliance and withholding taxes. Read Full Story
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