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EU state aid case against Amazon subsidiary is overturned by General Court
Hannah Gannagé-Stewart discusses the potential implications of the European General Court’s decision in the Amazon state aid case on future transfer pricing related disputes.
The European Union’s General Court (GC) has overturned a..
Online Published Date:
30 March 2021
Appeared in issue:
March 2021 - 31 March 2021
Denmark: new practice for setting off branch losses
The Danish Tax Agency recently issued new guidelines based on the European Court of Justice’s ruling in the NN A/S case, C-28/17. The court overruled Danish practice denying jointly taxed companies to set off losses sustained by a Danish..
Online Published Date:
30 March 2021
Appeared in issue:
March 2021 - 31 March 2021
IASB clarifies accounting for deferred tax on leases and decommissioning obligations
The International Accounting Standards Board has amended the way in which it expects companies to account for deferred tax on transactions, such as leases and decommissioning obligations.
In specified circumstances, companies are exempt from..
Online Published Date:
31 March 2021
Appeared in issue:
March 2021 - 31 March 2021
The month in tax
KPMG in the UK summarises recent corporate tax developments of potential interest to ITR readers.
Finance Bill 2021 progress
An update on the progress of Finance Bill 2021 and overview of the latest government amendments.
The Committee of the..
Online Published Date:
31 March 2021
Appeared in issue:
March 2021 - 31 March 2021
FASB eyes improvements to hedge accounting
The Financial Accounting Standards Board has issued a proposed Accounting Standards Update intended to better align hedge accounting with organisations’ risk management strategies.
Since issuing the last hedging standard in 2017, the..
Online Published Date:
31 March 2021
Appeared in issue:
March 2021 - 31 March 2021
International tax framework backed by 130 jurisdictions
The Organisation for Economic Co-operation and Development (OECD) two-pillar plan to reform international taxation rules has been joined by 130 jurisdictions, representing more than 90 per cent of global GDP.
The Statement on a Two-Pillar Solution..
Online Published Date:
30 April 2021
Appeared in issue:
March 2021 - 31 March 2021