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Vicente Bootello

The German government has committed to prepare for the full implementation of the Extractive Industries Transparency Initiative (EITI).

No, not him Tax Relief was minding his business one Monday morning in June when a message popped into his inbox from George Bush. Tax Relief's mind started racing. What's this? he thought. Does he want to paint me? (No thanks, George. It's really very kind, but your portraits of Blair and Putin were horrendous).

The European Court of Justice (ECJ) has ruled in favour of the admissibility of requests for preliminary rulings submitted by the Portuguese Tax Arbitral Court.

Bartosz Glowacki Poland wants to introduce controlled foreign corporation (CFC) rules, which may start to apply even already to 2015 profits. The Polish government has cherry-picked from CFC mechanisms around the world, but somehow only the most oppressive ideas were copied. Any company seated in a territory formally blacklisted as a tax haven by Polish Ministry of Finance (or a territory with which there is no exchange of information agreement) will be treated as a CFC. No exemptions are provided. Another CFC category, which includes even companies seated within the EU and tax treaty countries, are non-Polish companies, in which the Polish tax resident (corporate or individual) owns for an uninterrupted period of 30 days per year, directly or indirectly 25% of share capital, voting rights or share in profits, when at least 50% of that company's income is passive and taxed at a rate lower than 14.25%.

The European Commission’s pilot scheme looks to improve the framework for resolving cross-border VAT disputes, and while the project is making some positive strides in harmonising EU VAT, it requires better communication if it is to succeed.

HM Revenue & Customs (HMRC) will be granted the authority to issue ‘follower’ and ‘accelerated payment’ notices when the Finance Bill comes into effect later this month, forcing users of disclosed tax avoidance schemes to concede on tax disputes and make payments upfront to the revenue pending appeal.

Ann Burgess Cammack, former senior tax counsel on the US Senate Finance Committee and tax adviser to its chairman, Max Baucus, has joined EY’s Washington, DC office as a principal in the National Tax department.

Medtronic and Covidien announced last weekend that they intend to complete a $43 billion tie-up and fellow US pharmaceutical company, AbbVie, is set to send a formal $31 billion offer for Irish rival Shire today: the trend of inversion transactions out of the US shows no signs of abating.

Despite the recent spate of corporate inversion transactions, not all US taxpayers have caught the inversion bug. Danaher Corporation's Jim Ditkoff tells International Tax Review "Congress can do whatever they want with inversions as far as I'm concerned". Here he explains why Danaher is not following the herd by inverting overseas.