|
ARTICLES
International
Imposing Domestic Tax Rules on Permanent Establishments of Foreign Taxpayers
Professor Yoshihiro Masui
pp. 3-10
The author addressed the issue of how domestic tax rules are to be applied to permanent establishments of non-residents. The article aims to provide an understanding of the present rules as well as the problems and possible solutions.
Recommended reading:
Selecting Cases for Audit - Getting It Right
Margaret E. Cotton
pp. 11-24
An effective tax audit system is essential to maximize voluntary tax compliance. Although many developed tax administrations already have sophisticated systems in place, duplicating a similar system for developing administrations is not optimum due to the lack of basic systems and skilled staff. The author proposes a model that combines the best of a developed administration’s practices with the flexibility that allows it to be used regardless of the size of an administration and skill of staff.
Tax Revenue and Trade Reform
Thomas Dalsgaard
pp. 25-38
Trade liberalization and increased openness of the economies hold the prospect of substantial improvements in growth and welfare. But reaping the full economic benefits from trade reform can pose challenges. One of these is coping with potential reductions in government’s revenue from tariffs. While the standard prescription for dealing with this is simple in theory - replace lower tariffs by higher domestic consumption taxes - experience shows that many low income countries did not recover lost trade tax revenues following trade reform. Middle and, especially, high income countries are much less reliant on trade taxes and are generally better equipped to offset any revenue loss from trade liberalization by raising domestic taxation. The author reviews the evidence in a broad group of countries and extracts a few general lessons for successful revenue recovery, stressing in particular the importance of design of the domestic consumption tax, political commitment and forethought and administrative capacity building.
|
VAT on the Cross-Border Trade in Services and Intangibles
Christophe Grandcolas
pp. 39-43
The author discusses the VAT issues that arise with the increase in cross-border trade of services and intangibles.
Iran
Introduction of Transfer Pricing Regulations
Mohammad Tavakkol
pp. 44-47
A recently issued notice has introduced the notion of transfer pricing in Iran. The author discusses the transfer pricing regulations as well as the impact of the notice in general.
Taiwan
Structuring an Appropriate Transfer Pricing Policy
Yishian Lin and Richard Watanabe
pp. 48-51
Taiwan introduced transfer pricing rules in late-2004 and the tax authorities have lately begun to investigate transfer pricing documentation. This article outlines the recent developments in this area and highlights the salient features of a sound transfer pricing policy.
DEVELOPMENTS
Reports on the following: Australia, Australia/New Zealand, Bangladesh/Indonesia, China, China/Pakistan, Egypt, India, India/Saudi Arabia, Indonesia, Iran, New Zealand, Singapore, South Korea, Sri Lanka
First International Tax Academy (ITA) course in Asia-Pacific
On 23 July ITA will organize an introductory level course, Corporate
Financing at the Le Meridien Hotel in Kuala Lumpur. This course, which provides an in-depth analysis of the tax issues arising from the implementation of various cross-border corporate financing techniques, is especially tailored to the requirements of tax professionals in
the region.
This is the first of many courses planned for the Asia-Pacific region. Further information about ITA courses.
Forward the APTB Preview
to a colleague
|