Daniel Keller, André Henning and Christian Schubert of PwC Germany discuss the VAT perspective of the German Supreme Tax Court in its first decision regarding input VAT deduction for costs incurred for the sale of company shares. They then compare it to the ECJ decision in AB SKF.
Nihal Kothari of Khaitan & Co takes a look at the problems inherent in India’s indirect tax system and the hurdles it faces as it prepares for GST.
The evolution of financial markets and the complexity of transactions have called into question the relevancy of the VAT exemption applicable to investment funds, explain Christophe Plainchamp and Nicolas Devillers of Atoz – Taxand.
Victor Borodin, Alexei Matveev and Yulia Kolesnikova of Ernst & Young Moscow take a look at offshore activities, zero-rate sales and the ambiguities arising from them.
Susann Lundström, Peter Iwarsson and Joachim Broberg of KPMG Stockholm explore the challenges involved in bringing down VAT costs when involved in real estate transactions.
The global financial chaos has put a strain on corporate profits, reducing profits tax revenues. Together with the cost of fiscal stimulus measures, the downturn has resulted in historic budget deficits in many countries. Tatpicha Pipatmongkolchai of Taxand Thailand examines the impact of this on indirect tax trends.