INTERNATIONAL TAXES

Chris Sanger identifies seven common trends in tax policy across Europe, the Middle East, India and Africa

Chris Walsh looks at the planned expansion of VAT in China, the long-awaited simplification to India’s indirect tax regime, the expected implementation of the new GST system in Malaysia, and developments in the Middle East

A Liberal Democrat MP who claims to have monitored the oil and gas industry for 40 years has warned that tax increases could result in a ‘huge loss’ of investment affecting future jobs, export opportunities and tax revenues.

Risks

The OECD Committee on Fiscal Affairs has invited public comments on draft changes to the commentary on the OECD Model Tax Convention concerning the meaning of the term ‘beneficial owner’. The term has given rise to different interpretations by...

HMRC are seeking views on possible changes to rules that determine how non-arm's length sales of gas are valued for the purposes of the North Sea fiscal regime.

Responses to consultation sent a ‘strong message’ that applying the proposed tax exemption for overseas branch profits to all territories, and the inclusion of chargeable gains, would enhance the competitiveness of the UK regime, HM Treasury said.

The release of the Vickers report on the future of the UK banking industry makes it opportune to make a few observations on the current taxation policy for the banking sector.

Chris Morgan provides your monthly update