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Corporate Tax

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  • BHP Billiton faces $432 million tax bill in Australia

    May 06, 2015

    The Australian Tax Office has challenged the transfer pricing practices of BHP Billiton, serving the country’s largest taxpayer with a A$522 million ($432 million) tax bill, based on the pricing of goods it sold to a marketing affiliate in Singapore. The company’s Singapore tax bill is also being questioned under Australia’s controlled foreign company (CFC) rules, which require a minimum payment of tax.

  • Investors challenge Indian MAT

    May 04, 2015

    Several foreign portfolio investors have banded together to challenge India’s minimum alternate tax (MAT) on capital gains in a case that will have wide-reaching implications for investors who face hefty tax bills between 2009 and 2015.

  • Tax deductibility of recharges by non-resident companies in Nigeria under turnover assessment

    May 03, 2015

    For Nigerian tax purposes recharges can be defined as costs reimbursed by a non-resident company to its Nigerian affiliate in respect of services provided by the affiliate in execution of a joint contract in Nigeria. Generally, this amount includes a profit mark-up for the affiliate, and the non-resident company is allowed the amount as a deduction in its income tax returns.

Indirect Tax

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Compliance Management

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Tax Disputes

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  • BHP Billiton faces $432 million tax bill in Australia

    May 06, 2015

    The Australian Tax Office has challenged the transfer pricing practices of BHP Billiton, serving the country’s largest taxpayer with a A$522 million ($432 million) tax bill, based on the pricing of goods it sold to a marketing affiliate in Singapore. The company’s Singapore tax bill is also being questioned under Australia’s controlled foreign company (CFC) rules, which require a minimum payment of tax.

  • Investors challenge Indian MAT

    May 04, 2015

    Several foreign portfolio investors have banded together to challenge India’s minimum alternate tax (MAT) on capital gains in a case that will have wide-reaching implications for investors who face hefty tax bills between 2009 and 2015.

  • HMRC faces legal action over LDF handling

    April 30, 2015

    UK revenue authority HM Revenue & Customs (HMRC) could face a judicial review over the way it used the Falciani list, and its Liechtenstein Disclosure Facility (LDF) tax amnesty.

ITR Magazine

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  • International updates - May 2015

    May 04, 2015

    The latest international updates from our correspondents around the world.

  • The Brockman brief: Timing symmetry is shattered: CbCR and TP documentation

    April 28, 2015

    May’s instalment of his column sees Keith Brockman, global tax director at Mars, lecturer and author of the Strategizing Multinational Tax Risks blog, look at the problems that may arise for taxpayers given the timing differences applicable for different documentation and reporting requirements, and what options are available for reconciling these.

  • Shome leaves ministerial adviser role behind

    April 28, 2015

    Partho Shome’s 30-year career as a tax official and adviser to Indian governments and multilateral organisations may be at an end for now, but he will still take a keen interest in tax policy, as this exclusive interview with International Tax Review reveals.

People Moves

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International Tax Review Profile

@EY_Tax #China panel under way #atf2015 http://t.co/yauvqIAKUQ

May 7 2015 03:23 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Our #ArticleOfTheWeek is available to read for free on our #facebook page http://t.co/cvajdTBQt3

May 6 2015 09:56 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @GlobalTaxAdvice: #Taxand at @IntlTaxReview #ATEF2015 - providing opinion on key #tax themes in #Asia > http://t.co/4IAcKumaTn http://t…

May 6 2015 09:09 ·  reply ·  retweet ·  favourite
International Tax Review Profile

@Vestager says member states "have moved nowhere" since @EU_Commission tabled action plan on taxation in 2012

May 6 2015 08:43 ·  reply ·  retweet ·  favourite
International Tax Review Profile

4 people at #NZInlandRevenue responsible for country's 131 #APAs Impressive strike-rate #atf2015 #disputeresolution

May 6 2015 08:26 ·  reply ·  retweet ·  favourite
International Correspondents

After the Irish budget, what would make you more likely to put more substance into Ireland?