What a Tangled Web!

  Fancy a peek at Facebook’s earnings and tax bills? Tax Eurocrats certainly do. So keen are they to compel the world’s largest multinational corporations to open their tax arrangements with EU governments to full public scrutiny that the European Commission is expected to table the necessary legislation in April. Tax legislation in the EU… More What a Tangled Web!

Quest Means Business.

  No, not the popular Richard Quest from the CNN show. The other Mr. Quest  –  Director General for Taxation and Customs Union, European Commission, Stephen Quest – who apparently also ‘means business’ when it comes to piloting the EU’s aggressive package of tax avoidance measures through the Economic and Financial Affairs Council of the European Union . His department is responsible for… More Quest Means Business.

UK and US Split on BEPS Implementation.

(UK PM David Cameron and US President Barrack Obama.) It is increasingly likely that the U.K. and the U.S. governments will adopt different approaches to implementing the OECD’s final package of measures to tackle base erosion and profit shifting. The UK Position The U.K. government considers an inclusive, multilateral instrument to upgrade bilateral tax treatments… More UK and US Split on BEPS Implementation.

IMF Chief Wants Radical Rethink of International Tax Arrangements

(IMF Chief Christine Lagarde) Speaking at the end of the G20’s first meeting of 2014, Christine Lagarde, former French Finance Minister and now IMF chief backed OECD plans which would allow countries to ignore inter-company contracts aimed at channelling profits into tax havens. She acknowledged that “governments have to invent new concepts just as quickly and as… More IMF Chief Wants Radical Rethink of International Tax Arrangements

Canada Advances Global Tax Reform Agenda in 2014 Budget

Finance Minister Flaherty’s Federal budget predicts the current deficit in finances to continue until 2016 when he expects a surplus of 6.4 billion. Like his counterparts around the world his February 11th budgetary statement focused on job creation, innovation and infrastructure. As a member of the G8, G20 and the OECD, Flaherty also addressed international… More Canada Advances Global Tax Reform Agenda in 2014 Budget