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International Tax News Blog

  • APMA Key to Resolving BEPS Transfer Pricing Disputes

    by Kristen A. Parillo (Tax Analysts)

    The IRS advance pricing and mutual agreement program will become key to a healthy transfer pricing operation as double taxation disputes increase in the wake of the OECD's base erosion and profit-shifting initiative, according to J. David Varley, acting director of transfer pricing operations, IRS Large Business and International Division.

    For the TNT story, go here. (subscription required)

    By Parillo, Kristen A., posted on Friday April 24, 2015
  • OECD Working Party No. 2 Considering Dashboard of Indicators' to Evaluate BEPS

    by Kevin A. Bell

    The Organization for Economic Cooperation and Development's most recent discussion draft under its action plan on base erosion and profit shifting proposes seven possible indicators for judging the effectiveness of measures designed to combat BEPS.
    The document, issued April 16, proposes a “dashboard” of seven possible BEPS indicators, based on both aggregate and firm-level data, to show “the general scale of BEPS.”
    For the BNA story, go here. (subscription required)

    By Bell, Kevin A., posted on Thursday April 23, 2015
  • Odds of Tax Law Overhaul Look Slim Before Next President Takes Office

    by Aaron E. Lorenzo

    Overhauling the U.S. tax code isn't likely until someone new occupies the White House, said a former House Ways and Means Committee staffer.


    There simply isn't enough time left in office for President Barack Obama to shepherd such an agreement, something he has largely stayed away from until now anyway, said Warren Payne, former Republican policy director for the committee.

    For the BNA story, go here. (subscription required)

    By Lorenzo, Aaron E., posted on Thursday April 23, 2015
  • Varley: U.S. to Consider Reciprocity In Country-by-Country Data Exchanges

    by Alex M. Parker

    Once the country-by-country reporting system recommended by the OECD is under way, the U.S. might consider withholding information—using the reciprocity principle in use through information exchange agreements—from countries that don't supply similar information, according to an IRS official.


    For the BNA story, go here. (subscription required)

    By Parker, Alex M., posted on Thursday April 23, 2015
  • Vodafone back in India's sights for more tax

    by Matthew Gilleard

    The Indian government is attempting to promote a more taxpayer-friendly environment, but is not being helped by demands from the tax authorities for more revenue from multinational companies. Vodafone received a notice this week relating to tax assessments for 2009-2010 and 2010-2011.
    For the International Tax Review story, go here.

    By Gilleard, Matthew, posted on Wednesday April 22, 2015
  • OECD Draft on Measuring BEPS Receives Mixed Reactions

    by Stephanie Soong Johnston

    The OECD's most recent discussion draft on analyzing and measuring the size and scope of base erosion and profit shifting is drawing mixed reactions from stakeholders, with some praising the OECD for tackling a difficult task and others criticizing it for not addressing the issue more thoroughly before launching the BEPS project in 2013.
    For the TNT story, go here. (subscription required)

    By Johnston, Stephanie Soong, posted on Thursday April 23, 2015
  • Panelists: EU State Aid Rulings Might Seek Recovery of Taxes Going Back 10 Years

    by Rick Mitchell

    The European Commission's investigations into EU member states' tax arrangements with multinational companies might lead to retroactive tax adjustments reaching back as far as 10 years, practitioners speaking on a recent panel said.

    For the BNA story, go here. (subscription required)

    By Mitchell, Rick, posted on Tuesday April 21, 2015
  • Treasury Official Sees Need for Business Tax Reform

    by Roger Russell

    “The business tax system today is inefficient, overly complex, and too riddled with loopholes,” said Mark Mazur, assistant secretary for tax policy at the U.S. Department of Treasury. 
    So much so, in fact, that it can’t fulfill its function to be a world-class system, he noted.
    For the Accounting Today story, go here.

    By Russell, Roger, posted on Tuesday April 21, 2015
  • Treasury's Mazur Says Groundwork Laid That Would Allow Overhaul of Tax System

    by Dolores W. Gregory

    Businesses hoping to see an overhaul of the U.S. corporate income tax will get their answer in the next few months, a Treasury Department official said.
    Mark J. Mazur, assistant secretary for tax policy at the department, said April 21 that the “fundamentals for tax reform are as good as they've been since 1986.”
    For the BNA story, go here. (subscription required)

    By Gregory, Dolores W., posted on Tuesday April 21, 2015
  • EC launches infringement procedure against 3% dividend distribution tax, but it may not help French taxpayers

    by Joe Stanley-Smith

    The European Commission (EC) has launched an infringement procedure against France concerning its 3% tax on dividend distributions made by companies liable for French corporation tax.
    For the International Tax Review story, go here.

    By Stanley-Smith, Joe, posted on Tuesday April 21, 2015