June 2014

Main

Avoiding the snares of international tax structures

Multinationals face heightened tax compliance risks in Mexico

Russian de-offshoring may affect international businesses

Options when investing into China via foreign intermediaries

Inverse relationships

MHA MacIntyre Hudson hires Coward in London

Alma recruits Bate as R&D specialist

DLA Piper raises three to tax partnership

Grisanti joins ranks of Norton Rose Fulbright partners

Tax lawyer to chair Loyens’ executive board

Three new tax partners at Clifford Chance

AlixPartners hires two former KPMG TP specialists

Deals of the month

House passes permanent US R&D tax credit Bill

Poland to cut VAT in 2016

China set to expand VAT to telecoms in June

Inversions: The trend turning transactional tax planning upside down

Transfer pricing: Still problematic for global corporations

Mexican energy reforms: Oil and gas

Asia tax directors do battle with lengthy in-tray

Why do publicly-traded companies like Ireland?

Pharma and Irish inversions: Increasing your share price

In it together: How the FTT could galvanise Europe

Special features - June 2014

Albania: Changes to tax legislation impacting hydrocarbon operations

Australia: Draft guidance on new Australian transfer pricing rules

Bosnia and Herzegovina: Bosnia and Herzegovina ratifies double tax treaty with Macedonia

Bulgaria: New appendix to the corporate annual tax return

Canada: Canadian treaty shopping proposals compared to OECD recommendations

China: VAT reform of telecommunications sector

Cyprus: Cyprus to sign FATCA agreement with US Treasury

EU: Update on PPLs/hybrid loans in the European Union

Germany: ECJ on exit taxation – Roma locuta, causa finita?

Hong Kong: No refund of tax paid due to fraudulent conduct of directors

India: Ruling on Service PE trigger on deputation and income effectively connected to PE

Italy: Parliament sets forth guidelines for broad tax reform

Luxembourg: Luxembourg signs FATCA agreement with the US

FYR Macedonia: FYR Macedonia introduces reverse charge mechanism for select categories of services

Malta: Double tax treaty developments

Mexico: Rules to identify when tax paid abroad qualifies for foreign tax credit

Montenegro: Tax treatment of severance payments and vouchers

New Zealand: Tax Bill reported back

Norway: Ministry of Finance issues exceptions to interest deduction limitation rules

Romania: Granting default interest to taxpayers for delayed refund of the excess input VAT

Serbia: Interest on loans between related parties

South Africa: Pay now, argue later

South Korea: Supreme Court of Korea rules on country-of-origin determination issue under domestic law

Spain: A holding company’s paradise: New corporate income tax legislation in the Basque Country

Switzerland: Swiss cantons announce lower headline tax rates in anticipation of Swiss Corporate Tax Reform III

US Outbound: President Obama releases FY2015 Budget

Norwich lap-dancing club denied VAT exemption for private booth hire

$6 tax bill costs widow her home

Quotes of the month

International Correspondents

Features

New Analysis

Tax Relief

Special Features

Editorial

Sponsored

Sponsored

Sponsored by KPMG China

China: VAT reform of telecommunications sector

On April 29 2014 China's Ministry of Finance and State Administration of Taxation jointly issued Circular Caishui [2014] 43 (Circular 43) which provides for the entry into force of the Value Added Tax (VAT) reforms of the telecommunications sector, effective from June 1 2014.

Khoonming Ho, May 26, 2014
Sponsored by KPMG US

US Outbound: President Obama releases FY2015 Budget

President Obama recently released his annual Budget recommendations for fiscal year 2015.

May 26, 2014