Tax revenues in African countries are rising as a proportion of national incomes, driven primarily by increases in corporate income taxes, according to a new OECD report, Revenue Statistics in Africa. See www.bit.ly/1owmNUe.
The European Parliament’s special committee on tax rulings questioned officials of six major European banks, Crédit Agricole, ING Group, Nordea, Santander, UBS and Unicredit, on the role of offshore tax havens in corporate tax planning on 21 March.
Chris Morgan (KPMG) reviews the latest developments in the international tax world.
Jonathan Hare, Stephen Morse (PwC) and Peter Halford (PwC Legal) answer the key questions on the European Commission’s investigations into alleged illegal state aid as a way of tacking perceived corporate tax avoidance.
The EU’s ‘overreach’ on state aid has rankled the US tax authority, as Michael Lebovitz (White & Case) reports.
Michael Anderson and Katy Howard (Joseph Hage Aaronson) review the decision in Scotch Whisky, which provides helpful guidance on how a national court should apply the proportionality test in an EU law context.
The Department for Business, Innovation & Skills is consulting until 15 April 2016 on transposing the requirements of the EU non-financial reporting directive into the UK’s reporting framework. The directive applies to large public-interest entities with more than 500 employees.
A report commissioned by the Greens/EFA group in the European Parliament warns that the Commission’s corporate tax package published in January will not be effective in addressing tax avoidance structures used by IKEA among others, which involve shifting royalty payments to a conduit subsidiary i