The European Commission is satisfied that “sufficient progress has been achieved” on three priority issues in phase 1 of the Brexit talks, the commission announced on December 8, while questions remained about the implications of commitments given regarding Northern Ireland. It is now for the European Council to decide at a December 15 meeting whether … Continue reading ‘Sufficient progress’ claimed in Brexit talks while businesses call for clarity
US-owned tech companies are among the targets of the proposed UK royalties withholding tax set out in a December 1 consultation, while several changes to UK corporation tax feature in a 184-page finance bill also published on December 1. My news story for Tax Analysts, December 5 (paywall)
The arm’s-length principle for international transfer pricing continues to have widespread support, a senior OECD official told a London conference amid concerns about the effectiveness of the base erosion and profit-shifting project. A discussion on the future of the arm’s-length principle on November 29 was hosted by the Oxford University Centre for Business Taxation, whose … Continue reading BEPS experts ponder uncertain future for arm’s-length principle
My Tax Analysts news story on the debate hosted by the Women in Tax network on November 20 is now free to view. Governments considering how multinationals should be taxed must address the erosion of public trust in tax administrations, while businesses continue to stress the importance of certainty in tax matters, panellists told a … Continue reading How should we tax multinationals?
The UK government is consulting on an extension of withholding tax on royalty payments and is prepared to take unilateral action if insufficient progress is made on multilateral solutions to challenges posed by the digital economy, according to a position paper released alongside the autumn budget. The challenge that digitisation poses for sustainability and fairness … Continue reading UK mulls royalty withholding tax to target digital economy
A bill to lay the foundations for a stand-alone, post-Brexit customs regime will help ensure “that goods can move smoothly and safely in and out of the UK, and that everyone pays the right tax,” the government said, a week after a parliamentary committee warned that failure to establish a Brexit-ready system would be catastrophic. … Continue reading UK legislates for stand-alone customs regime and VAT changes
Governments considering how multinationals should be taxed must address the erosion of public trust in tax administrations, while businesses continue to stress the importance of certainty in tax matters, panellists told a conference hosted by the Women in Tax network at Pinsent Masons’s London office November 20. Alexandra Readhead, an international tax and extractive industries consultant, … Continue reading Governments must address need to restore public trust in tax, adviser says