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Company tax experts have lodged early objections to proposals floated by the European Commission to use International Accounting Standards (IAS) as a starting point for an EU-wide tax base for multinational companies.
The International Chamber of Commerce (ICC) welcomes the recent European Union (EU) initiative to make the European market more efficient by reducing tax distortions and compliance costs.
Theo Keijzer, Chairman of the ICC Commission on Taxation, today underlined the need to remove the apprehensions of international business regarding the "uncertainty and instability" of the Indian tax system caused by mark ups and the retroactivity in the tax system.
Burdensome and discriminatory taxes unnecessarily stifle the adoption and use of broadband, mobile and other advanced information and communication technology (ICT) sector tools that are major drivers of development and growth in the information-based economy of the 21st century, said ICC today.
ICC India will host its first Taxation Roundtable under the auspices of the ICC Taxation Commission on the 29th October 2010 in New Delhi, India. The event aims to shed light on Indian tax policy and administrative practices. It promises to be highly pertinent given the crucial role tax policies play in providing stability in today’s continually changing international trade climate.
An ICC Taxation Commission conference on Transfer Pricing Document and Dispute Resolution: Making or Breaking the Corporate Tax has been hailed a great success. The spring conference in Paris was sold out, demonstrating the significance and interest in the topic.
Theo Keijzer, Vice President Tax Policy at Shell International in The Hague, has taken over the helm as Chair of the ICC Commission on Taxation. Having served as Vice-Chair since May 2006, Mr Keijzer replaces Robert Couzin, who stepped down from the post at the spring meeting of the commission in Paris last month.
The International Chamber of Commerce (ICC) has today issued a statement calling on governments to review their approach to the taxation of international takeovers, reorganizations and mergers.
ICC fully supports proposed changes by the European Commission regarding electronic VAT invoicing, especially the planned abolition of technology-specific requirements for the transmission of electronic invoices.
ICC, in a policy statement prepared by its Commission on Taxation, has outlined the conditions under which a European Common Consolidated Corporate Tax Base could create a more efficient tax system for companies operating in Europe, in anticipation of the European Commission’s intention to present a legislative proposal on this subject during 2008.
