Following the OECD meeting in Paris last week, Bill Dodwell and Alison Lobb examine the challenges in implementing country by country reporting and its proposed common template.
Prime minister David Cameron has confirmed that a register of beneficial owners of all UK companies is to be made publicly available as part of the government’s pledge to tackle tax avoidance and evasion, as was first announced at the June 1013 G8 Summit.
‘Justin King, chief executive of J Sainsbury PLC, has challenged business leaders to “stand up” and reveal their tax practices, arguing that “tax is a moral issue” for British companies,’ reported The Daily Telegraph (4 November 2013).
Measures to strengthen the Code of Practice on Taxation for Banks will be included in Finance Bill 2014 and will ‘ensure that on signing up to the code, banks fully commit to the obligations it sets out’, HM Treasury announced.
Roy Millman and Tom Duffy examine the challenges facing the in-house tax function and its relationship with the rest of the company.
Pippa Booth and Alycia Spitzmueller explain why, even with the base corporation tax rate decreasing, changes in FA 2013 may increase an entity’s effective rate of tax.
Martin Zetter comments on the OECD's white paper on transfer pricing documentation and thelatest proposals to amend its transfer pricing guidelines on intangibles.
The second in a series of special reports on the BRIC countries. Martin Jaycock, Alberto Bertocco and Joyce Palmer-Antunes give an overview of the Brazilian tax regime, and examine the corporate environment, incentives, compliance and cross-border issues.
David Taylor reflects on recent reports on multinational tax planning and the draft Taxation of Regulatory Capital Securities Regulations