ATL-Editor

Fraudulent Financial Reporting and Companies’ Characteristics: Evidence from Tax Audit

Malaysia /

Paper by: Norsiah Ahmad, Juahir Mohd-Nor and Norman Mohd-Saleh Fraudulent financial reporting has become an important issue in accounting profession. The implementation of self assessment system appears as incentives to companies to misstate their financial reports to reduce tax obligation. Fraudulent financial reporting may cause vast losses to government income, as well as losses to […]

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How the Israel tax authorities are interpreting intergroup intangibles exports – ISRAEL TP CASE

Israel, Middle East /

Article by Henriette Fuchs (Pearl Cohen Zedek Latzer Baratz) Unlike the taxing authorities in many other countries, the tax authorities of Israel – managing the tax system of one of the world’s leading innovation incubators – actively ‘patrol the border’ keeping a close watch on related-party transactions that may involve intangibles. Bolstered by the 2010

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Federal Tax Authority issues public clarification on transfer of business in the UAE

Middle East, United Arab Emirates /

Article by: Reggie Mezu, Bastiaan Moossdorff and Laya Aoun-Hani (Baker McKenzie) The UAE Federal Tax Authority (FTA) has published Public Clarification VATP015 on the key considerations for a transaction to qualify as a transfer of business in the UAE. As a transfer of business is outside the scope of VAT, qualified transactions will have implications

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International Taxation of E-commerce Business Income

Africa, Asia, Europe, International, North America, Oceania, OECD, South America /

Article by: Dr. Dennis Ndonga (Lecturer, Murdoch University Australia) The rapid growth of cross-border e-commerce has challenged the existing international tax principles that are structured around national boundaries and State sovereignty. Most tax regimes generally assert jurisdiction to tax business income based on the principles of residence-based and source-based taxation. The residence-based system imposes taxes

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The Nexus between Tax Treaties, Transfer Pricing and BEPS. Lessons for African Tax Policy Makers and Administrators

Africa /

Paper by: Cephas Makunike Tax is a sustainable tool for domestic revenue mobilisation for governments to fund public services. Revenue alternatives have been affected by the global financial liquidity challenges and have become unreliable. There are various tax loopholes threatening tax revenue mobilisation. This paper discusses tax loopholes around tax treaties and the threat they

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Assessment of the Taxpayer Compliance Strategies Used by Tanzania Revenue Authority

Africa, East Africa, Tanzania /

Paper by: Tshepo Banda Tanzania has made considerable investment in legislative tax reforms, taxpayer education programs, tax enforcement strategies, and increasingly sophisticated systems of tax administration using new technologies. However despite all these initiatives, Tanzania still experience high levels of non compliance, as evidenced by the tax gap. Currently total revenue collected stands at 15{780f53c297e2c008074d23b865a0ce0b35a4f08852d8e1e49466a5a902c4e44e}

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ANTI-AVOIDANCE MEASURES OF GENERAL NATURE AND SCOPE-GAAR AND OTHER RULES

Argentina, South America /

Paper by: Guillermo O. Teijeiro  Most countries have either judicial or statutory general anti-avoidance rules (GAAR); Argentina enrols in the second group as GAAR are of statutory nature. Countries in both groups frequently combine GAAR with special anti-avoidance rules (SAAR).  GAAR are generally applied to interpret tax rules, to characterize taxpayers acts and transactions (i.e.,

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