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May 17, 2012
The German Federal Fiscal Court recently held that a treaty override by German tax laws might be unconstitutional. If the Federal Constitution Court disagrees, then taxpayers will need to safeguard that refund claims could be appealed.
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May 17, 2012
The US Tax Court has denied Hewlett-Packard the right to US tax deductions claimed as part of a scheme involving artificial generation of foreign tax credits. The judgment does not bode well for several banks involved in similar disputes.
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May 17, 2012
The level of tax litigation is getting higher, particularly in Asia, as multinational companies wrestle for ground with the revenue-hungry tax authorities.
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May 16, 2012
Simachal Mohanty, global head of direct tax at Dr.Reddy's Laboratories, a pharmaceutical company, tries to find the positives in the much-criticised Indian general anti-avoidance rule (GAAR).
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May 14, 2012
South Africa's Supreme Court of Appeal last week released the ruling in its first-ever international tax case.
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May 10, 2012
Thai airline company, Bangkok Airways, won its case in Thailand’s Central Tax Court last week, and the financing scheme under dispute could now be replicated by taxpayers across the country.
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May 10, 2012
The ECJ has today stated that French legislation that imposes withholding tax on French-source dividends distributed to foreign undertakings for collective investments in transferable securities (UCITS) is contrary to EU law.
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May 09, 2012
With the Indian Parliament this week approving the amended Finance Bill 2012, a precedent has been set. The legislature has the power to overrule the country’s judiciary through the use of retroactive law amendments. Read what India’s leading taxpayers, officials and advisers have to say on this latest development.