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holding company News

McDonald's To Shift Tax Base To UK

by Ulrika Lomas,, Brussels

Monday, December 12, 2016

McDonald's has confirmed that it is restructuring some of its operations so that it will pay tax on most of its non-US royalties in the United Kingdom instead of in Luxembourg. Read Full Story


NZ Says Employee Car Parks Excluded From Fringe Benefit Tax

by Mary Swire,, Hong Kong

Monday, November 30, 2015

New Zealand's Inland Revenue Department has clarified that the fringe benefit tax does not apply to car parking spaces provided to employees by their employers. Read Full Story


Sri Lankan Lawmakers Approve Numerous One-Off Levies

by Mary Swire,, Hong Kong

Friday, October 30, 2015

On October 20, 2015, Sri Lanka's Government passed several amendments to implement tax proposals announced in the 2015 Interim Budget. Read Full Story


Dixcart Releases Guide On UK's Diverted Profits Tax

by Jason Gorringe,, London

Friday, April 17, 2015

Dixcart, an international business support services provider, has released a new guide on the UK's Diverted Profits Tax, which was altered ahead of its introduction on April 1, 2015. Read Full Story


South Africa Guides On Corporate Residency

by Lorys Charalambous,, Cyprus

Thursday, April 16, 2015

The South African Revenue Service has issued a revised draft interpretation note that discusses the principles and guidelines for considering the "place of effective management" in determining the tax residence of a company. Read Full Story


Walgreen Completes 'Non-Inversion' With Alliance Boots

by Mike Godfrey,, Washington

Friday, January 2, 2015

On December 31, Walgreen Co. completed its combination with Alliance Boots GmbH to form Walgreens Boots Alliance, Inc, with its headquarters remaining in the United States, rather than being transferred abroad by way of a "corporate inversion." Read Full Story


PwC Singapore Suggests Budget 2015 Measures

by Mary Swire,, Hong Kong

Tuesday, December 2, 2014

PwC Singapore has released its annual tax policy recommendations, which have been compiled in response to an ongoing Ministry of Finance pre-Budget consultation on tax and spending measures. Read Full Story


Switzerland, EU Finalize Agreement On Corporate Tax Reform

by Ulrika Lomas,, Brussels

Friday, October 17, 2014

Switzerland and members of the European Union have signed a joint statement that reaffirms Switzerland's commitment to abolish contested corporation tax regimes and EU member states' pledge to lift countermeasures. Read Full Story


UK Mining Companies Get Transitional Relief Under New Reporting Requirements

by Jason Gorringe,, London

Friday, August 29, 2014

Mining, gas, and oil companies registered in the UK will now be required to report on the payments made to governments in all the countries they operate in as of January 1, 2015, Business Minister Jo Swinson announced on August 21, 2014. Read Full Story


China's SAT Investigates Transfer Pricing

by Mary Swire,, Hong Kong

Thursday, August 28, 2014

In its ongoing efforts to control tax evasion, China's State Administration of Taxation has recently published an instruction (Tax Office General Fa [2014] No 146), calling on national and local tax bureaus to investigate the transfer pricing practices of Chinese enterprises. Read Full Story



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