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Switzerland, EU Finalize Agreement On Corporate Tax Reform

by Ulrika Lomas, Tax-News.com, 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

 


China's SAT Investigates Transfer Pricing

by Mary Swire, Tax-News.com, 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

 


UK Mining Companies Get Transitional Relief Under New Reporting Requirements

by Jason Gorringe, Tax-News.com, 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

 


No Inversion For Walgreens In Alliance Boots Deal

by Mike Godfrey, Tax-News.com, Washington

Wednesday, August 13, 2014

Walgreens has decided against moving its tax residence from the United States to Switzerland by way of a "corporate inversion" in exercising its option to purchase the remaining 55 percent stake in Alliance Boots. Read Full Story

 


Irish Pharmaceutical Firm Shire In USD55bn Merger

by Jason Gorringe, Tax-News.com, London

Thursday, July 24, 2014

US-based pharmaceuticals giant AbbVie plans to merge with the Dublin-headquartered Shire in a USD55bn deal that is expected to reduce the group's effective tax rate to 13 percent. Read Full Story

 


ECJ Strikes Down Dutch Single Tax Entity Rules

by Ulrika Lomas, Tax-News.com, Brussels

Friday, June 20, 2014

On June 12, 2014, the Court of Justice of the European Union ruled that Dutch legislation governing the formation of consolidated tax entities is in breach of the European Union's principle of freedom of establishment. Read Full Story

 


ECJ Rules On Overseas Territories' Dividend Taxation

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, June 13, 2014

On June 5, 2014, the Court of Justice of the European Union handed down a joint ruling concerning two Dutch companies' objections to the imposition of withholding tax on dividends paid to their respective holding companies based in the former Netherlands Antilles. Read Full Story

 


SARS Enhances TCC Application Process

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, March 5, 2014

The South African Revenue Service has introduced an enhanced Tax Clearance Certificate application process on eFiling and at SARS offices, as part of a series of initiatives to modernize tax compliance that are to be rolled out during the first quarter of 2014. Read Full Story

 


UK Urged To Crack Down On Tax Avoidance

by Robert Lee, Tax-News.com, London

Wednesday, October 16, 2013

A group of left-wing non-governmental organizations has upped the pressure on the UK Government to modernize an "outdated" tax system that "allows companies to manipulate their profits to avoid taxes." Read Full Story

 


Vodafone Clarifies Tax Status Of Verizon Deal

by Robert Lee, Tax-News.com, London

Thursday, September 5, 2013

"The UK is not a relevant jurisdiction for tax purposes" in Vodafone's sale of its stake in Verizon, "given the locations of the buyer and seller," the telecoms giant has said. Read Full Story

 

 

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