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International Tax Review presents its Global Tax Top 50 for 2012. The list comprises the top 50 influences in international tax, with a top 10 ranking.
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Welcome to International Tax Review’s second annual selection of the Global Tax 50, the individuals and organisations we believe have made a substantial impact on tax practice and administration in the last 12 months.
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The Merkel government has less than a year left before next year’s elections take place in September or October 2013. Ulrich Siegemund, of Luther – Taxand Germany, analyses the government’s recent Tax Bills, which deal with the taxation of fiscal groups and alter the rules governing real estate transfer tax (RETT) blocker structures.
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Ireland has used tax policy wisely in its effort to fix its economy. What businesses need from this year’s Budget and in the next few years is certainty, believes Martin Phelan, president of the Irish Tax Institute.
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Unless it changes, the plan to introduce a general anti-abuse rule in the UK will only extend the powers of the tax authorities, believes Julie Carine Leblanc-Leduc of King’s College London
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International Tax Review and TPWeek hosted the 12th annual Global Transfer Pricing Forum in Paris in September.
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Hot on the heels of the presentation of the primetime Emmy awards, the seventh annual Americas Tax Awards ceremony took place in New York on September 27.
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Cross-border transactions and interpretation of related international tax treaties often involves controversies and issues concerning interpretation of treaty provisions and thereby leads to litigation with tax authorities. A recent judgment of the Tax Tribunal (Tribunal) in India in the case of Apollo Hospital Enterprises Limited (AHEL), has given rise to a debate regarding the interpretation of the expression “may be taxed” used in the India – Sri Lanka double taxation avoidance agreement (Treaty). Sanjay Sanghvi and Ashish Mehta, of Khaitan & Co, explore the implications.
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The interaction of Poland’s transfer pricing rules and reimbursement law means the pharmaceutical industry is faced with complex compliance demands, explains Aneta Blazejewska-Gaczynska and Slawomir Buszko of Ernst & Young.
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Charlotte Rushton, managing director Asia Pacific EMEA for the tax & accounting business of Thomson Reuters, considers the challenges facing corporate tax departments in India after the recent third annual India Tax Forum.
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After 20 years, Canada’s Supreme Court has finally made a decision on the GlaxoSmithKline case. The litigation is not yet over, however. Dale Hill, Mark Kirkey & Pierre Alary of Gowlings – Taxand explain why.
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The conversion to international financial reporting standards (IFRS) is anticipated by many global companies, and many have already implemented, or are in the process of implementing, the new standards for statutory purposes. As companies continue to adopt the new principles, their tax departments and transfer pricing practitioners will be expected to maintain seamless continuity in demonstrating that intercompany transactions are priced in accordance with the arm’s-length principle (or are priced as if the transactions had taken place between third parties). For many companies, this has started to cause transfer pricing concerns. Kristine Riisberg, Deborah Keisner, and Todd Wolosoff, of Deloitte Tax, New York, explain why.
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The financial transaction tax (FTT) is set to be introduced by 11 EU member states. Richard Murphy of Tax Research looks at the case for an FTT, how it would work in practice and why, contrary to other anti-poverty campaigners, he believes it should not be used to raise revenue for developing countries, but to constrain out of control banking.
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The Delhi High Court recently decided a case in favour of global telecommunications company Nokia. Ravishankar Raghavan, of Majmudar & Partners, explains why the judgment should reassure foreign investors that benefits provided under tax treaties will not be overridden by the Indian government’s retrospective amendments.
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Michael Solomon and Victor Ng of Fenwick & West discuss two US judgments concerning R&D claims made by Union Carbide, and what taxpayers need to know about claiming credits for supply costs.
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A monthly commentary on the notable facts, figures and goings-on in the tax world.