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Author: OECD Publisher: OECD Publishing ISBN: 9264041818 Category : Languages : en Pages : 92
Book Description
This report examines the role tax intermediaries play in the operation of tax systems and specifically to understand their role in “unacceptable tax minimisation arrangements” as well as to identify strategies for strengthening the relationship betweeen tax intermediaries and revenue bodies.
Author: OECD Publisher: OECD Publishing ISBN: 9264041818 Category : Languages : en Pages : 92
Book Description
This report examines the role tax intermediaries play in the operation of tax systems and specifically to understand their role in “unacceptable tax minimisation arrangements” as well as to identify strategies for strengthening the relationship betweeen tax intermediaries and revenue bodies.
Author: R. Bonell Colmenero Publisher: ISBN: Category : Languages : en Pages :
Book Description
This article offers suggestions for a simplified tax system which should help increase tax collection and combat tax evasion, reducing costs for taxpayers and making the work of tax-collection organizations more efficient.
Author: OECD Publisher: OECD Publishing ISBN: 9264200851 Category : Languages : en Pages : 110
Book Description
This report examines the relationship between large business taxpayers and revenue bodies, five years on from the publication of the FTA’s Study into the Role of Tax Intermediaries.
Author: OECD Publisher: OECD Publishing ISBN: 9264068872 Category : Languages : en Pages : 112
Book Description
High Net Worth Individuals (HNWIs) pose significant challenges to tax administrations due to the complexity of their affairs, their revenue contribution, the opportunity for aggressive tax planning, and the impact of their compliance behaviour on ...
Author: John Gallemore Publisher: ISBN: Category : Languages : en Pages : 77
Book Description
We provide the first large-scale empirical evidence of banks functioning as tax planning intermediaries. We posit that some banks specialize in assisting corporate clients with tax planning. In this role, banks make use of their centrality in financial relationships; access to private information; and ability to structure, execute, and participate in tax planning transactions for clients. We measure bank-client relationships using loan contracts and measure client tax planning using either the cash effective tax rate or the unrecognized tax benefit balance. Using a difference-in-differences design, we find that firms experience meaningful tax reductions when they begin a relationship with a bank whose existing clients engage in above-median tax planning. The effects of pairing with such tax intermediary banks are concentrated in relationships with larger or longer maturity loans, clients with foreign income or greater credit risk, and when the bank is an industry specialist or has above-median investment banking activities. Finally, we find that potential clients are more likely to choose tax intermediary banks than non-tax intermediary banks, suggesting that tax intermediary banks benefit by attracting new business. Collectively, our results suggest that some banks act as tax planning intermediaries, a role beyond the traditional one of financial intermediary.
Author: Judith Freedman Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The relationship between tax authorities and large corporate taxpayers is a concern world-wide as can be seen from the 2008 OECD Study into the Role of Tax Intermediaries. In the United Kingdom, HMRC have been developing a risk rating approach to tax risk management as part of their Review of Links with Large Business. The approach is designed to promote an enhanced relationship between HMRC and the taxpayer, based on trust and transparency. The objectives include the improvement of resource allocation and the encouragement of companies to consider their position so as to achieve the benefits of low risk rating, which may involve altering their tax planning strategy. In addition, new approaches to tax avoidance legislation such as targeted anti-avoidance rules and principles-based legislation are being introduced or considered. This article discusses a survey of tax directors in which the authors used detailed tax planning scenarios to investigate the views of tax directors on the impact and success or otherwise of these new approaches. The views of tax directors are only one factor in judging the success of these developments, but given that one aim of current tax policy is an enhanced relationship with corporate taxpayers, directors' views are significant in assessing the progress being made. The article analyses these views and comments on these new approaches to tax risk management.
Author: Anuschka Bakker Publisher: IBFD ISBN: 9087220707 Category : Business enterprises Languages : en Pages : 504
Book Description
In response to a number of large corporate failures, risk management has recently become a major consideration for most organizations. At the same time, taxation has been recognized as an area having its own unique risk profiles. This book provides a practical guide for those working in today's ever-changing corporate environment. It contains an introduction to tax risk management and discussions on the tax control framework that allow corporate tax departments to identify and manage companies' tax-related risks. The book also includes country chapters, which provide practical examples of the development and application of tax control frameworks.
Author: OECD Publisher: OECD Publishing ISBN: 9264232346 Category : Languages : en Pages : 384
Book Description
Tax Administration 2015 is a comprehensive survey of tax administration systems, practices and performance across 56 advanced and emerging economies (including all OECD, EU, and G20 members).
Author: Patrick Honohan Publisher: World Bank Publications ISBN: 9780821354346 Category : Business & Economics Languages : en Pages : 476
Book Description
This book examines the options for, and obstacles to, successful financial sector tax reform, both in terms of theoretical and practical aspects. Issues discussed include: the design of optimal tax schemes, the role of imperfect information and the links between taxation and saving, inflation, the income tax treatment of intermediary loan-loss reserves, deposit insurance, VAT and financial transactions taxes; as well as current practice in the industrial world and case studies of distorted national systems. This is a co-publication of the World Bank and Oxford University Press.
Author: Publisher: ISBN: 9789284696208 Category : Languages : en Pages : 0
Book Description
This study provides an overview of the regulatory environment of tax intermediaries. It presents a comparative analysis of five selected countries (4 EU, 1 Non-EU). For each country, it provides an understanding of the landscape of the tax profession, the current regulatory framework and its impact on tax compliance and draws attention to some weaknesses across this regulatory space. It also highlights some proposed remedies and direction for further in-depth research in this area. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Economic and Monetary Affairs' Subcommittee on Tax Matters (FISC).
Author: OECD
Author: OECD
Author: R. Bonell Colmenero
Author: OECD
Author: OECD
Author: John Gallemore
Author: Judith Freedman
Author: Anuschka Bakker
Author: OECD
Author: Patrick Honohan
Author: