Tax

2003 articles

Group relief across the EU?
Rajesh Sharma reviews the recent important decision on group relief involving Marks & Spencer
International accounting: technical feature
Christopher Nobes believes there are still some major questions going unanswered where IFRS, tax and the EU are concerned
How effective will the South African tax amnesty be?
Amanda Vermeulen reports that South Africans are being offered an amnesty on cash they may have stashed outside the country

How should we calculate taxable income?
Professor Christopher Nobes writes on the need for a new conceptual framework for taxable income
Reform
Chas Roy-Chowdhury reports on new EU proposals that promise to do away with the headache of business tax
Hitting the target
Kaiser Kwan and Ignatius Cheng consider the Hong Kong tax authority's approach to tax audits

Kick-starting the debate
To flatten or not to flatten? That is the question, reckons Michelle Perry
A giant step forward
David Evans and Liam Delahunty report on the recent landmark ruling that means Marks & Spencer can now claim tax relief on losses incurred in other EU countries
Budget briefing
Mavis Sargent provides her pocket guide to the Budget

A fear of the unknown
Majella Gomes reports on Malaysia Inc’s general lack of enthusiasm towards the Goods and Services Tax
A breach of rights
David Evans and Liam Delahunty consider the implications of the “abuse of Community rights” and anti-avoidance doctrines
...and the band played on?
Mike Truman investigates the reported £33m National Insurance (NI) bill for the UK’s orchestras
The 'CGT' effect
By narrowing the range of assets subject to Capital Gains Tax for foreign investment into Australia, the Tax Laws Amendments Bill 2006 sets to buoy foreign takeovers and buyouts of businesses in Australia, reports Pansy Kwan
RIP IHT?
John Newth charts the course of the controversial Inheritance Tax
A cascading threat
Could withholding tax in the EU soon be a thing of the past? Jeremy Woolfe reports
Will flat tax work?
David Creighton looks at the introduction of flat tax in eastern Europe and asks how realistically it could be applied in other territories around the world

A tax avoider’s dream
Mike Truman explains the importance of domicile in the UK tax system
Brown’s swansong
How will history judge Gordon Brown’s stewardship of the tax system, and what final changes might he want to announce? Mike Truman writes
Letter from... Canada
Last October, Canada's Finance Department gave the business community a Halloween surprise that, for many, was more of a trick than a treat, writes Alison Arnot
Letter from... Singapore
In a bid to remain competitive as an investment destination, Singapore is considering cutting its corporate taxes further, reports Sonia Kolesnikov-Jessop
Second Life ledgers
Should second life have its own tax authorities? Richard Young investigates
Watch for the transfer pricing
Douglas Fone and Jian Li discuss the forthcoming transfer pricing documentation requirements and implications for multinational enterprises operating in China
Letter from... Australia
Janine Mace reports on the Project Wikenby investigation
Letter from... Ireland
Paul Gosling reports on the historic restoration of devolved government in Northern Ireland
Letter from... the UK
Private equity bosses have been stunned by their sudden exposure to the glare of publicity, reports Paul Gosling

Letter from... China
An overhaul of the tax rates foreign companies pay in China is adding to mounting costs for international investors there, reports Alexandra Harney
Gain or pain?
Mike Truman looks at the likely impact of UK Chancellor Alistair Darling's proposed changes to capital gains tax (CGT)
Letter from... the US
Abigail Rayner reports on the dog left millons of dollars in a will. Whatever would the taxman say?
Letter from... the Caribbean
Linda Hutchinson-Jafar reports on the changes to Trinidad and Tobago's petroleum tax
Policy? What policy?
Voices are demanding reforms to the UK tax system. Peter Williams looks at the reasons why and considers the Government's response