Archive | July, 2019

AI and Taxation: Risk Management in Fully Automated Taxation Procedures

12 Pages Posted: 19 Dec 2018 Nadja Braun Binder University of Zurich – Faculty of Law Date Written: October 1, 2018 Abstract On January 1, 2017, the Taxation Modernization Act entered into force in Germany. It includes regulations on fully automated taxation procedures. In order to uphold the principle of investigation in such fully automated procedures, […]

Read the full story

Posted in FP News

Tax Risk Survey: Please complete this short survey indicating tax risks…it will take a few minutes of your time. The overall responses will be published.

Here is the link to the survey: https://www.surveymonkey.com/r/V35HCQS Here are the results: There is more attention being paid to managing tax risks, but still a lack of documenting tax strategies and tax risk issues that require attention under the banner of attorney/client privilege. Most taxpayers have had interactions with SARS on audits, yet rely mostly […]

Read the full story

Posted in FP News

South Africa: DRAFT Tax Amendments

South AfricaDraft Rates and Monetary Amounts and Amendment of Revenue Laws Bill 2019 issued for public comment; South AfricaDraft Tax Administration Laws Amendment Bill 2019 issued for public comment; South AfricaDraft Taxation Laws Amendment Bill 2019 issued for public comment.

Read the full story

Posted in FP News

Mauritius: MAURITIUS LEAKS Treasure Island: Leak Reveals How Mauritius Siphons Tax From Poor Nations To Benefit Elites

Based on 200,000 files, Mauritius Leaks exposes a sophisticated system that diverts tax revenue from poor nations back to the coffers of Western corporations and African oligarchs. These expose articles are of concern for anyone doing business through Mauritius. To address your concerns please email Daniel@TaxRiskManagement.com. Here is a RESPONSE FROM a Mauritian Trust Company: […]

Read the full story

Posted in FP News

Something other than tax: Constructing an Alcubierre Warp Drive The possibility of faster than light travel

If you are a space travel fan: WARP travel faster than the speed of light is possible. It would require a ‘machine’ that uses negative energy (black energy) to cause the surrounding universe to travel past the ‘machine’ like standing on a conveyor belt – the universe is expanding faster than the speed of light […]

Read the full story

Posted in FP News

South Africa: light at the end of the tunnel? The ConsCourt judgment against the Public Protector

Watch the judgment being delivered here: https://www.enca.com/news/livestream-concourt-delivers-judgment-mkhwebane-vs-reserve-bank

Read the full story

Posted in FP News

South Africa: Recent tax and administrative law

Read the full story

Posted in FP News

The International Taxation of Autonomous Artificial Intelligence (AAI): Questions from Leopoldo Parada

Lucas de Lima Carvalho (Brazilian Institute for Tax Law (IBDT))/July 16, 2019 /Leave a comment This is the second article of a short series that explores the international taxation of income attributable to Autonomous Artificial Intelligence (AAI). The series is based on an article written by the author and published by Kluwer in INTERTAX, Volume 47, […]

Read the full story

Posted in FP News

The Importance of the Marcopolo Cases for Understanding the Application of the Brazilian Transfer Pricing Rules

The Importance of the Marcopolo Cases for Understanding the Application of the Brazilian Transfer Pricing Rules Francisco Lisboa Moreira (Bocater Advogados) and Ana Paula Saunders (Vale S.A.)/July 10, 2019/Leave a comment Brazilian Transfer Pricing Rules have been in force since 1996. When introduced, the intent of the legislator was clearly the prevention of tax evasion through manipulation of prices, […]

Read the full story

Posted in FP News

A tale of three DTA’s: South African Tax Court confirms that no dividends tax is payable on distributions to Dutch resident shareholders

By FASKEN, The Netherlands In terms of section 64E(1)(a) of the Income Tax Act 58 of 1962 (“the ITA”) dividends tax at a rate of 20% must be paid when a South African company declares and pays a dividend. The amount of the tax must be withheld by the company declaring and paying the dividend. […]

Read the full story

Posted in FP News