Tax

How to make international tax less challenging

CFOs and finance directors of multinational companies are facing increased international tax challenges, including heightened scrutiny from authorities focused on preventing tax avoidance. Here’s how to deal with the challenges.

Indian law targets undisclosed foreign assets

Under a new law approved by the Parliament of India on May 13th, Indian residents with undeclared assets in foreign bank accounts could be hit with penalties, taxes, and even prison time.

OECD releases draft mandatory disclosure rules

Countries should require mandatory disclosure of certain tax planning strategies from both companies and tax advisers, the Organisation for Economic Co-operation and Development (OECD) recommended in a draft proposal.

OECD introduces first elements for implementing BEPS plan

The Organisation for Economic Co-operation and Development (OECD) and the G20 countries have agreed on three elements that represent the first steps towards implementation of the OECD’s Action Plan on Base Erosion and Profit Shifting.

Ireland plans to eliminate corporate tax loophole

Ireland has positioned itself as a low-tax jurisdiction to attract foreign multinationals, and the double-Irish loophole has been criticised as a method that allows multinationals to avoid paying tax.

US government postpones certain FATCA deadlines

The Internal Revenue Service said it will revise temporary regulations issued in March to ensure that a number of the requirements under the Foreign Account Tax Compliance Act for identifying foreign account holders will not apply before Jan 1, 2015.
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