DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/79b92c/corporate_loss_uti) has announced the addition of OECD Publishing's new report "Corporate Loss Utilisation through Aggressive Tax Planning" to their offering.
Aggressive Tax Planning is a source of increasing concern for many countries. Numbers at stake are vast, often in the order of billions of dollars. Countries have developed various strategies to deal with aggressive tax planning and international co-operation features prominently among them. Working co-operatively countries can deter, detect and respond to aggressive tax planning in an effective way while at the same time ensuring certainty and predictability for compliant taxpayers.
Due to the recent financial and economic crisis, the amount of global corporate losses is enormous. Over and above the immediate tax revenue impact of these losses as a result of the normal operation of countries' loss relief rules, these losses also raise tax compliance risks, in particular if companies turn to aggressive tax planning as a means of increasing and/or accelerating tax relief on their losses.
This report, which deals with aggressive tax planning involving corporate losses, has been prepared jointly by the Forum on Tax Administration (FTA) and the Aggressive Tax Planning (ATP) Steering Group of Working Party No. 10 on Exchange of Information and Tax Compliance of the Committee on Fiscal Affairs (CFA).
Corporate losses raise compliance risks if aggressive tax planning is used as a means of increasing or accelerating tax relief in ways not intended by the legislator, or to generate artificial losses. This report describes the size of loss carry-forwards, the rules applicable in relation to losses, and identifies the following risk areas: corporate reorganisations, financial instruments and non-arm's length transfer pricing.
Key Topics Covered:
- Chapter 1. Size of corporate tax losses
- Chapter 2. Policy issues in the tax treatment of losses
- Chapter 3. Country rules on corporate tax losses
- Chapter 4. Schemes involving tax losses
- Chapter 5. Strategies for detecting schemes involving tax losses
- Chapter 6. Strategies for responding to aggressive tax planning schemes
For more information visit http://www.researchandmarkets.com/research/79b92c/corporate_loss_uti