Archive | June, 2013

European Commission proposal on double non taxation treaty clause

In the European Commission’s recommendation under Commissioner Semeta’s leadership on Aggressive Tax Planning there is a passage as follows “Specifically, Member States are encouraged to include a clause in Double Tax Conventions (DTCs) concluded with other EU Member States and with third countries to resolve a specifically identified type of double non-taxation. The Commission also recommends […]

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Is interest in environmental tax about to increase?

I’ve written about the need for a common tax treatment for emission trading permits recently and as usual the interest is not as large as for more general tax policy issues. But is environmental tax about to become more significant? A number of unrelated pieces of news suggest to me that this may be on […]

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Emission trading permits – the need for a common tax treatment

This post is built around a letter sent by Business Europe to the European Commission this week. Despite the current focus on BEPS, this is an important issue to resolve in the short term. “Now that the EU ETS has entered its phase 3 and cross-border activities are given more opportunity to expand through on-going […]

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LOUGH ERNE DECLARATION – Taxes, Transparency and Trade

  I’ve quoted the declaration in full below because I think it is an important document. I also think it reflects how far we have travelled in a couple of years based on my participation in the Tax and Development Taskforce at the OECD. In discussions with ngos over the last week, it is clear […]

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How US tax planning works through Ireland

I quoted Robert Peston’s piece on www.bbc.com about Apple in my blog on 22 May 2013. Given some conversations, I thought it would be useful to spell out how the generic US tax planning works and what the building blocks are. The Public Accounts Committee in the UK have said publically that  they wanted some […]

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Protecting the tax base through incentive legislation

I spoke at the international tax conference on Protecting the Tax Base On 13 -14 June, 2013 which was hosted by Confederation of Swedish Enterprise  in Stockholm. I spoke about the design of tax incentives and spent some time on the need for incentives to underpin sustainable economic growth which was the subject of a […]

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G8 : Transparency : is tax return disclosure enough?

One of the ideas discussed at the G8 preparatory meeting on Saturday in London which I attended, is what would be the most effective form of tax transparency and disclosure? To answer this question, one needs to consider what is the primary purpose of tax transparency and thus it’s most effective form. Through my work on […]

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Tax incentives and sustainable development

My website has a tag “sustainable thinking in tax” and I’ve published a blog about what I mean by this phrase. I was struck at the Chatham House launch of “Resources Future” on June 3, by some comments by HSBC on tax incentives. The question posed was why do we continue to maintain tax incentives […]

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BEPS and hybrid mismatches – a project plan

As the BEPS report arrival comes closer, what should taxpayers be seeking in terms of process from the OECD and governments? The key issue for taxpayers in a time of change is to be able to be clear about what are the intentions of proposals. If we are clear about intentions, we can adjust our behaviour […]

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Sustainable thinking in Tax

I thought I out to explain what the logo for Green Tax is about. We live in a short term world for all the political commitments to long term planning and exhortations about long term investment horizons. Tax is as much affected by this as any other policy area both in terms of business behaviour […]

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