International tax

Tax / Google hit with €1bn French tax payment

The French government is claiming a ‘historic’ victory in a long running tax battle with Google, after reaching a €945m (£845m) settlement with the tech giant over tax fraud allegations

Tax / ‘Phantom’ FDI tops $15 trillion

Almost 40% of global foreign direct investment (FDI), totalling some $15trn, is so-called ‘phantom’ capital intended to minimise a company’s tax liabilities rather than finance productive activity, according to research by the IMF and the University of Copenhagen

Tax / Glencore wins £51m transfer pricing tax appeal

Anglo-Swiss multinational mining group Glencore has won a A$92m (£51m) victory in a long-running transfer pricing dispute with the Australian Taxation Office (ATO)

Tax / OECD slams slowing tax reform progress

The pace of tax reforms has slowed across most leading economies and bolder tax reforms will be needed to address future challenges, according to a new OECD report

Tax / £16m ‘Brexit boost’ to fund thousands more customs agents

Government sets aside more funding to help businesses train staff to handle customs regulations after the UK leaves the EU, but business urged to apply early before funds run out

Tax / Mid-sized businesses do not see tax compliance as priority

Mid-sized businesses do not see tax planning and compliance as a major priority for their businesses but more part of the everyday running of the business, with heavy reliance on accountants and tax agents to handle their tax affairs

Tax / Bull: will US/French deal derail UK digital services tax?

George Bull, senior tax partner at RSM, asks whether France’s commitment to refund part of its digital services tax to the US tech giants will scupper the UK’s efforts to introduce a 2% digital tax

Tax / France and US to settle digital tax row

There are signs that France and the US may be about to settle their differences over the introduction of a digital services tax (DST), after comments at the recent G7 summit suggested the two countries are looking to work together on the issue which has raised the threat of retaliatory tariffs

Tax / Spain cracks down on 'aggressive tax planning' by foreign property investors

With Spanish tax authorities prosecuting tax evaders and the launch of the beneficial owner register, anyone invested in property via a corporate structure should review their tax position. León Fernando Del Canto, a barrister at Normanton Chambers, examines the tax rules

Tax / US tech giants oppose French digital tax plans

The US government’s investigation into French plans to implement a digital services tax (DST) has started with US tech companies arguing it is a discriminatory move and calling for multilateral cooperation to address changes to the international tax system

Tax / Tax investigations yield hits £13bn

HMRC saw actual cash collected from all tax investigations hit £13bn in 2018/19, up 27% from £10.3bn in 2017/18, while transfer pricing fines for multinationals have hit a record £413,000 

Tax / IRS misses out on $34bn in US corporate taxes

The US government has missed out on $34bn (£28bn) of tax revenues from large companies because of budget cuts at the Internal Revenue Service (IRS), according to academic researchers who warn the losses could rise steeply

Tax / Luxembourg moves to introduce hybrid mismatch tax clampdown

The  Luxembourg government is planning to tighten up the rules on use of hybrid mismatches in line with the EU Anti-Tax Avoidance Directive 2 (ATAD 2), which has to be adopted in EU member states by 2020

Tax / Tax take from non-doms falls to near record low

The amount of tax paid by non-domiciled individuals has fallen dramatically since last year, clocking in at £7.54bn, down from a record high of £9.49bn last year

Tax / FTSE 100 has £4.5bn at risk in tax disputes

FTSE 100 companies have up to £4.5bn at risk from tax disputes, most commonly arising from changes in legislation in emerging markets, according to research by Thomson Reuters
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