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January 27, 2012
Rumours are rife that the Greek government will opt to reduce the VAT rate when it drafts a Bill for a new tax system next week.
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January 27, 2012
Indirect tax collections – comprising customs, central excise and service tax – rose to Rs 2,85,787 crore ($58 billion) during April to December. It is a significant boost to the government ahead of its plans to introduce GST.
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January 26, 2012
Shell CFO Simon Henry spoke about cooperation between taxpayers and tax authorities at the latest meeting of the OECD Forum on Tax Administration.
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January 26, 2012
The Supreme Court of Thailand has ruled in favour of Nike in a dispute over royalties with the Customs Department. The case sets a welcome precedent for companies looking to import goods from a third party.
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January 25, 2012
The European Tax Awards are expanding in 2012 with the inclusion of South Africa.
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January 25, 2012
The Belgian Ruling Commission (RC) has given new guidance on how it goes about its work. This has implications for any multinational company seeking a ruling on cross-border transactions involving Belgium.
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January 25, 2012
President Obama yesterday used his State of the Union address to stress the need for tax reform, claiming “My message is simple...Send me those tax reforms, and I’ll sign them right away”.
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January 24, 2012
With the consultation on the future of the UK’s controlled foreign company (CFC) regime coming to an end, the planned liberalisation is already starting to pay dividends.
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January 24, 2012
Some of the world's largest multinational companies have this week renewed calls for a lower US corporate tax rate.
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January 24, 2012
A double tax treaty signed between Russia and the UAE last month will facilitate greater investment into Russia, but only through state-owned funds.
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January 24, 2012
During 2011, the US did not enter into any new treaties or protocols. However, 2012 looks set to be very different, with negotiations aimed at new agreements expected to continue with Chile, Hungary, Luxembourg and Switzerland, among others.
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January 24, 2012
The UK Lords Select Committee on the EU today heard the fears of financial institutions on the European Commission’s proposed financial transactions tax (FTT).
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January 23, 2012
The Supreme Court’s Vodafone judgment is a momentous decision not only for India but also for a large number of foreign investors anxious to be a part of India’s growth story.
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January 23, 2012
With last week’s victory for Vodafone, a message has been sent out to governments around the world that pursuing the taxation of the indirect transfer of shares is an unsustainable policy. But China won’t listen.
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January 20, 2012
Vodafone has won its $2.5 billion tax battle with the Indian tax authorities. Read the court ruling and what industry had to say.
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January 20, 2012
Some large US multinational companies reported their annual and quarterly results this week, including details of their effective tax rates.