January/February 2016  
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Derivatives & Financial Instruments
 
This free e-mail service informs you about the contents of the forthcoming edition of Derivatives & Financial Instruments.

Issue No. 1 - 2016 of the Derivatives & Financial Instruments is now available online.

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Other publications and courses available on Taxation of Financial Instruments:

[Conference]
IBFD's 2nd Africa Tax Symposium
Trends in International Taxation: An African Perspective

4-6 May 2016, Uganda
> Read more



[Course]
International Taxation of Banks and Financial Institutions
31 August - 2 September 2016, Amsterdam
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Number 1 - 2016 contains the following:
ARTICLES
International
Good Tax Governance and Transparency: A Matter of Reputation or Ethical Motivation?
J.L.M. Gribnau, A.-G. Jallai and A.J. Bakker

 

Uncertain Tax Positions, Uncertain Tax Benefits and Uncertain Tax Treatments: Same, Same but Different!
Tjeerd van den Berg and Bart Janssen

It is generally known that in the last three years, multinationals have faced increased scrutiny from various stakeholders. Presently, this has unarguably culminated in the European Commission’s claim that the Netherlands and Luxembourg have granted unlawful State aid. This assertion is the stepping stone to the authors’ explanation and discussion of the recognition and measurement issues surrounding tax risks and liabilities under both IFRS and US GAAP.

The European Commission’s State Aid Clampdown: The End of “Selective” Tax Rulings?
Nicole Robins and Sahar Shamsi
In October 2015, the European Commission concluded that tax rulings agreed between tax authorities and Starbucks (in the Netherlands) and Fiat Finance and Trade (in Luxembourg) constituted illegal State aid, and ordered each company to repay EUR 20 to 30 million. These decisions mark a significant milestone in the use of State aid powers by the European Commission. As tax rulings are increasingly being scrutinized, this article explores the focus of the investigations, as well as how multinationals with EU-based subsidiaries can assess whether their tax rulings are compatible with State aid rules.
Supervision of Tax Risk Management at Financial Institutions: Is the Tax Function in Control?
Erik de Gunst

 

Pension Funds and Tax Management: Challenges Ahead for “Multinational Enterprises”

Roelof Goudswaard and Johan Beris
Managing a Bank’s Tax Function
Ronald Hein

 

Tax Risk Management by Development Banks

Yvonne Bol
The author considers the concept of tax risk management in the context of development banks and their investees, specifically in light of the influence of base erosion and profit shifting on the policy and risk management of such institutions.

The Rights of Multinationals in the Global Transparency Framework: McCarthyism?

Irma Johanna Mosquera Valderrama

 

Taking Control of the Tax Policy Agenda

Roeland van der Stappen

Corporate tax practices are coming under greater political and media scrutiny. Tax transparency is becoming the new normal, while tax fairness remains a political objective. Multinationals should be adapting their processes to the new tax environment so as to better manage tax-related reputational risk.

Managing Tax Risks: US Regulatory, Tax and Financial Statement Approaches

Paul Carman

 

Australia

Aggressive Tax Planning and Tax Risk Management

Anton Joseph
Tax risk management is increasingly occupying the interest of not only the tax authorities but also tax managers in companies. With increased scrutiny in the wake of recent high-profile tax cases, the issue will gain prominence. This article discusses some of the matters relevant to tax risk management.
Brazil
Closing the Brazilian Tax Gap: Public Shaming, Transparency and Mandatory Disclosure as Means of Dealing with Tax Delinquencies, Tax Evasion and Tax Planning
Flavio Rubinstein and Gustavo G. Vettori
INTERNATIONAL TAXATION OF FINANCIAL INSTRUMENTS