The EC has opened an in-depth state aid investigation into the new Gibraltar corporate tax regime introduced by the Income Tax Act (ITA) 2010. It is based on the territorial principle; all activities deriving from or accrued in Gibraltar are taxed.
A high-level expert group will start work before the end of this year to guide the EU’s approach to taxing the digital economy in a way which allows the sector to develop to its full potential, wh
Nick McChesney answers a query on VAT registration for a UK online business marketing stays in overseas serviced apartments.
Martin Zetter on the latest transfer pricing news, with the OECD consultation on country-by-country reporting, plus transfer pricing updates from India, Norway, Costa Rica and Indonesia.
The OECD has published a memorandum on the development of a country-by-country reporting template as part of the BEPS action plan.
In July, the OECD published a revised discussion draft on the transfer pricing of intangibles. Deborah Green considers the practical implications for multinational groups with valuable intellectual property.
From Peter Vaines, Squire Sanders, writing in UK Tax Bulletin, September 2013
The French Socialist government has been forced to withdraw a controversial new profits tax less than two weeks after proposing it in its 2014 Finance Bill. It comes as French manufacturers claimed that it would unfairly penalise them in the global marketplace.
Accountancy firm Deloitte has reported that on 1 October, the tax committee of the Business and Industry Advisory Committee (BIAC) to the OECD had a meeting with the OECD to discuss the ongoing base erosion and profit shifting (BEPS) project.
‘Thin capitalisation’