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Foreword to a series of papers on managing tax riskTax Risk refers to the uncertainty surrounding the potential financial or reputational impact of tax-related decisions and events on a business or individual. This risk arises due to various factors, such as complex tax regulationsTax laws form the backbone of any nation’s revenue system, setting the rules that govern how individuals and corporations contribute financially to support government functions. These laws define the types of taxes, the applicable rates, and the regulations regarding payment and compliance. They also outline the rights and obligations of taxpayers, ensuring a balanced and fair approach to funding public... More, inconsistent tax authorityTax authorities are fundamental institutions within government frameworks, overseeing tax assessment, collection, and administration. Their operations ensure that tax laws are enforced and public funds are collected efficiently. This article delves into tax authorities' purpose, responsibilities, and structure, offering insights into their essential role in supporting government functions and economic stability. What is a Tax Authority? A tax authority is... More interpretations, or evolving international tax lawsTax laws form the backbone of any nation’s revenue system, setting the rules that govern how individuals and corporations contribute financially to support government functions. These laws define the types of taxes, the applicable rates, and the regulations regarding payment and compliance. They also outline the rights and obligations of taxpayers, ensuring a balanced and fair approach to funding public... More. Effective tax […]

UN handbook on tax avoidanceTax avoidance refers to the practice of legally structuring financial activities to minimise tax liability, reducing the amount of tax owed without violating laws. Unlike tax evasion, which is illegal and involves concealing income or misreporting, tax avoidance operates within the framework of the law. Multinational enterprises (MNEs) and individuals often engage in tax planning strategies that reduce tax liabilities... More includes new chapters on rents, royalties, GAAR This is relevant to developing nations in Africa September 11, 2017 Featured News, Transfer PricingTransfer pricing is a fundamental concept in international taxation that defines the pricing methods and rules applied to transactions between related entities within a multinational enterprise (MNE). In the context of tax regulations, it governs how prices for goods, services, or intangibles (such as intellectual property) are set when these items are exchanged between different branches, subsidiaries, or affiliates of... More published by mnetax.com The UN has published the second edition of the United Nations Handbook on Selected Issues in Protecting the Tax BaseThe tax base is a fundamental concept in taxation, representing the total amount of economic activity or assets upon which a tax is levied. It is the foundation upon which governments calculate the amount of tax owed, based on factors like income, property value, sales, or corporate profits. Understanding the tax base is essential for tax professionals, businesses, and policymakers,... More of Developing Countries, updating the manual and adding new

www.AfricaTaxJournal.com Enlist at www.ErasmusOnTax.com and subscribe for the FREE eBook on Tax RiskTax Risk refers to the uncertainty surrounding the potential financial or reputational impact of tax-related decisions and events on a business or individual. This risk arises due to various factors, such as complex tax regulationsTax laws form the backbone of any nation’s revenue system, setting the rules that govern how individuals and corporations contribute financially to support government functions. These laws define the types of taxes, the applicable rates, and the regulations regarding payment and compliance. They also outline the rights and obligations of taxpayers, ensuring a balanced and fair approach to funding public... More, inconsistent tax authorityTax authorities are fundamental institutions within government frameworks, overseeing tax assessment, collection, and administration. Their operations ensure that tax laws are enforced and public funds are collected efficiently. This article delves into tax authorities' purpose, responsibilities, and structure, offering insights into their essential role in supporting government functions and economic stability. What is a Tax Authority? A tax authority is... More interpretations, or evolving international tax lawsTax laws form the backbone of any nation’s revenue system, setting the rules that govern how individuals and corporations contribute financially to support government functions. These laws define the types of taxes, the applicable rates, and the regulations regarding payment and compliance. They also outline the rights and obligations of taxpayers, ensuring a balanced and fair approach to funding public... More. Effective

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TP Minds – Americas – Feb 22-25, 2016 Miami I am a confirmed speaker and SILVER sponsor at TP Minds Americas 2016, taking place at the Eden Roc Miami on February 22-25 2016. I would like to advise you about the discounts I can offer on registration to the event. First there is an early

What follows is the SARS version. The correct explanation appears below:   MUTUAL AGREEMENT PROCEDURE (MAP) What is a MAP? MAP is a procedure which allows the Competent Authorities or designated representatives of the Competent Authorities from the governments of the Contracting States/Parties to interact with the intent to resolve international tax disputesTax Disputes arise when

CLICK THIS LINK TO ACCESS OUR BROADCAST CHANNEL TODAY>>> https://www.taxconnections.com/broadcast  Tuesday, 22 September 2015 (GMT 15:00)  (08:00AM PDT-Los Angeles) (10:00AM CDT-Chicago) (11:00AM EDT-New York) (16:00PM BST-London) (17:00PM CEST–Paris) (18:00PM IDT-Tel Aviv) (23:00PM HKT–Hong Kong) (00:00AM JST–Tokyo) and Tuesday, 22 September (01:00AM AEST–Sydney) STARTING 8:00AM PDT (California Time): Corporate Multinational Tax Departments Today- The Tax Provision