- Low Prescribed Interest Rates:
- Potential Tax Planning
- Change Of Control Of Corporation
- Loss Carryovers
- Unearned Income
- Prescribed Automobile Rates For 2018
- Prescribed Interest Rates
- Around The Courts
Happy New Year and welcome to the first Tax Link of 2018.
This edition’s articles were sourced from a variety of tax professionals from member firms across the network, who provide knowledge and an update on country tax changes and international development.
There are many great articles included in this edition, Australia explains the ‘Tax implications of Foreign Superannuation, Pensions and other Retirement Funds’, Germany presents its ‘Withholding Taxes on Cross-Border Software and Database Licensing’ and Switzerland updates on ‘Tax Proposal 2017’.
EU Endorsement includes:
Specifically, Finance has proposed to eliminate professionals’ use of billed-basis accounting for income tax purposes in order to prevent a deferral of taxation. Accordingly, the new rules will significantly affect the cash flow of professional businesses in the short term as income taxes may need to be paid on income that is recognized before cash is actually received from clients. The proposed changes will apply to taxation years that begin on or after March 22, 2017. (more…)
Welcome to the Autumn edition of Tax Link.
This edition of Tax Link presents articles sourced from Nexia International’s network of tax experts to provide insight into global issues, topics and trends. Due to the nature of the network the articles are diverse and offer current information for discussion and provide knowledge for practice.
With OECD BEPS being an ever trending topic a number of the articles cover the specifics and general views from different country perspectives. The articles see China’s latest effort to incorporate OECD BEPS concepts into its special tax investigation and adjustment procedures, India’s journey in the adoptions of BEPS and the Swiss outlook on transfer pricing and development of BEPS procedures amongst others articles. The UK discusses the updates from the Finance Bill and recent tax updates, whilst the US provides an overview of Trump and taxes.
Once again I must extend a huge thank you to all the contributors and the publication team for their commitment in producing this Tax Link publication. If you would like any further information on the topics in this edition, the contributor’s details are provided for each article and they are happy to give further detail.