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February 17, 2012
Both taxpayers and officials need to change their approach to tax risk if they are to ensure greater compliance and reduce exposure to tax disputes, the Tax Council Policy Institute‘s annual symposium (TCPI) was told yesterday.
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February 17, 2012
The UK is considering introducing a general anti-avoidance rule (GAAR) into its tax system. The key issue is when is tax planning to be considered acceptable and when is it to be considered "abusive"?
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February 16, 2012
Taxpayers in Singapore are praising a recent Income Tax Board of Review (ITBR) decision for delivering certainty on the issue of when a shareholding test waiver may be granted following a substantial change of shareholders.
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February 13, 2012
Last month’s Vodafone ruling provided some clarity on the taxability of indirect transfers of Indian assets. But there are still some questions to be answered. Sanjay Sanghvi and Suraj Shetty of Khaitan & Co look at the Aditya Birla tax controversy in light of the Vodafone ruling and explain that the clues are there on how the country is targeting indirect transfers.
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February 13, 2012
India’s Supreme Court will begin hearing the case of E*Trade Mauritius on Friday. The case relates to the taxation of capital gains arising from the transfer of shares from a Mauritius to an Indian company.
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February 10, 2012
The Australian High Court has ruled that buildings manufacturer James Hardie did not owe capital gains tax as a result of a 1998 restructuring.
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February 09, 2012
Taxpayers in Mexico have long suffered when it comes to indirect non-discrimination. But recent case law and legislative guidance suggest this is coming to an end.
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February 09, 2012
Victory for Li & Fung in its hearing before Hong Kong’s Court of Appeal next week will give much relief to companies which subcontract services to foreign affiliates, but if the Commissioner of Inland Revenue (CIR) triumphs it could turn Hong Kong’s tax principles upside down.