International Tax Report

The Danish Eastern High Court has held1 that a Danish parent company was not subject to tax on deemed interest on royalties due but not paid by its Venezuelan subsidiary because of currency restrictions in Venezuela. Arne Møllin Ottosen and..

While some have hailed this year’s announcement as a missed opportunity, the minimal changes to corporate taxation and related operating conditions may provide businesses some much-needed stability after a tumultuous couple of years. Hannah..

The Securities and Exchange Commission (SEC) has charged The Kraft Heinz Company with engaging in a long-running expense management scheme that resulted in the restatement of several years of financial reporting. Kraft’s former chief..

The Financial Reporting Council (FRC) has increased its supervision of audit firms after discovering an “unacceptable” level of audit quality over the past year. In its latest edition of Developments in Audit, the regulator sets out its..

HMRC is facing a £42 billion tax debt following the pandemic, according to figures from the National Audit Office (NAO). The total amount is more than double the level going into the pandemic. It has increased from around £16 billion in..