Global Trends in VAT/GST and Direct Taxation

Global Trends in VAT/GST and Direct Taxation

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Recent developments in direct taxes and VAT/GST Taxes a€“ in general a€“ have become the topic of broad legal and policy discussions. VAT and GST are often said to be the fiscal success story of the 20th century, as almost all developed countries levy VAT or GST or similar all-encompassing broad-based consumption taxes. Global trends in direct taxes are visible at the level of international players, such as the OECD. Due to the OECDa€™s BEPS project, national tax systems are being significantly modified. This book aims at identifying and discussing the current global trends in both VAT/GST and direct taxes. In daily practice, VAT/GST and direct taxes should be regarded simultaneously. Therefore, the Mastera€™s theses contained in this book deal with and highlight numerous issues, challenges and opportunities found in both direct taxes and in the VAT/GST area, ranging from nexus in direct taxes and VAT/GST, recent developments in certain policy areas, the definition of taxable persons, tax abuse, non-discrimination rules, charities, transfer pricing, European State aid, immovable property, share deals etc. While the construction of VAT/GST and direct taxes differs, both taxes have similarities. The contributions in this book make a legal comparison of the recent developments in direct taxes and VAT/GST in the relevant fields, provide an analysis of the similarities and differences of the two taxation systems and highlight global trends in taxation.Global Trends and Challenges in Transfer Pricing and their Implications for Indirect Taxes A. Post-transaction Transfer Pricing Adjustments 1. ... the tax return or including a balancing payment.121 Moreover, they can be made yearly, quarterly or even monthly, reducing them in ... countries prefer the price setting or the outcome testing approach, both as of now generally accepted in the OECD guidelines.

Title:Global Trends in VAT/GST and Direct Taxation
Author:Sebastian Pfeiffer, Marlies Ursprung-Steindl
Publisher:Linde Verlag GmbH - 2015-08-11


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