From Australia to the USA, this is your guide to recent developments around the world
Towards substance over form & business restructuring
Christian Aid is seeking to persuade four ‘household name’ companies to back accounting reforms to ‘help poor countries collect more of the tax billions which are rightfully theirs’.
Transfer pricing enables some companies with overseas ownership to gain an unfair advantage, some participants in a recent survey of larger businesses observed.
‘There's absolutely no question of HMRC softening its approach to tackling avoidance, and HMRC will continue to ensure that everyone pays the right tax,’ a spokesman told Tax Journal after reports suggested that tax officials were to take a softer stance on avoidance.
The OECD announced the approval of the 2010 versions of its model tax convention, transfer pricing guidelines and report on the attribution of profits to permanent establishments.