It’s not been a good time for taxpayers in many jurisdictions lately. India, for example, is infamous for its complex tax rules and capricious tax inspectors. It’s just the sort of place where you need a neutral authority standing in between taxpayers and the tax man to arbitrate disputes. Like an ombudsman. Except that the Indian Government has just decided to abolish its income tax ombudsmen service. Oh dear.
Apparently, according to the government, the ombudsman service is being shut down because it hasn’t achieved its objectives, and because taxpayers are increasingly turning to alternative forms of dispute resolution mechanism. That the ombudsman’s office has been effectively squeezed out by the competition probably tells you all you need to know about India’s tax system. Dispute resolution must be a lucrative market indeed!
For more information on this, and other topical international tax … Read More »
According to European Council President Donald Tusk, a special place has been reserved in the afterlife for those seeking to bring about a hard Brexit without a plan. By “special,” Mr Tusk didn’t mean “nice.” What he meant was that Boris and Nigel won’t be needing to pack their winter clothes for life in the forever after.
Unsurprisingly, such comments have merely served to fan the flames of the already white-hot Brexit debate. But, away from the fiery rhetoric, member states are at least beginning to make preparations for a no-deal Brexit in an attempt to cushion the blow for taxpayers and businesses. How effective they will be is another matter.
In the Netherlands, State Secretary of Finance Menno Snel informed parliament late last month that the Tax and Customs Administration is preparing for the UK’s withdrawal from the European Union without … Read More »
There’s unlikely to be any shortage of work for tax advisers in the United States. The way events have conspired, 2019 could go down in history as one of the most challenging tax seasons ever, if not the most challenging. Certainly, the ingredients for this are in place: substantially revised US tax rules, which taxpayers will be filing under for the first time this year; and an Internal Revenue Service only just getting back on its feet after the longest government shutdown in history. An IRS, I might add, that struggles to cope with its bloated remit with 76,000 staff, let alone a skeleton crew. A recipe for disaster, you might say. An administrative perfect storm.
Recently, the IRS has sounded like it resembles one of those tax robots I keep warning you all about. As noted by the American Institute … Read More »