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  • Tax developments to look out for in 2011

    Tax commanded the headlines in 2010 as governments sought to enforce rules more strictly in an attempt to get to grips with budget deficits and the issue of the ethics of tax avoidance became mainstream. International Tax Review looks forward and highlights what taxpayers need to be aware of during 2011.

  • Canada court shatters trust arrangements

    Two cases from the Federal Court of Appeal in Canada have opened the door for greater scrutiny of trust arrangements. This new case law, coupled with an emboldened Canada Revenue Agency, will probably mean more pressure on taxpayers that set up these vehicles to avoid income tax. Erin Kelechava looks at the way these cases will affect tax planning and how they may be illustrative of a broader trend against tax avoidance in Canada.

  • Hopes rise for stable transfer pricing in 2011

    Another year of transfer pricing development brings hope, for taxpayers and their advisers, that processes will be streamlined, guidelines will provide clarity and policy reform will allow for better interpretation. A new year allows for contemplation about the direction governments and tax authorities should take. Sophie Ashley reports on the expectations of global and regional advances.

  • Canada's treaty with India begins to pay off

    Elizabeth Bearese investigates the finer details of Canada’s tax treaty with India and explains how the treaty has become increasingly important as the two country’s seek to develop better investor relations.

  • Taxpayers face challenging future in the UAE

    The offshore centres of the United Arab Emirates attract companies and investors by low or zero taxation and weak regulatory compliance rules, often connected with simple and fast incorporation procedures. However, as Sabine Ebert points out, other countries have enacted legislation, meaning international legal and tax advice is needed and carefully structured set-ups are essential to avoid shortfalls.

  • BP works through solar tax problems

    BP Solar’s sale of a number of PV plants in Italy to a leading insurance company gave rise to a complex tax structuring case, which was also affected by a new interpretation by Italy’s tax authorities, explains Federico Trutalli of NCTM, who advised the seller during the transaction.

  • India searches for GAAR best practices

    As India prepares itself to introduce general anti-avoidance rules in April 2012, Mukesh Butani of BMR Advisors (Taxand India) highlights the key issues within the new provisions, compares them to the other jurisdictions, and discovers that India has a long way to go in establishing best practices.

  • Changes to Portuguese participation exemption

    Filipe Romão and António Castro Caldas of Uria Menéndez – Proença de Carvalho discuss the practical implication of amendments to Portugal’s participation exemption regime and discover that the changes leave a lot to be desired when compared to its European counterparts.

  • Challenges with compound interest in VAT claims

    Robert Waterson of Dorsey & Whitney explains why developments in VAT compound interest litigation have raised concerns for both taxpayers and HMRC over VAT claims.

News Analysis


  • Danger ahead

    Taxpayers should be worried. Two years ago, the G20 of the world's biggest economies met in London to discuss a global recovery plan. Tax information exchange was seen as necessary to improve global tax collections and reduce the risk of future crises.

Tax Relief

  • Tax relief

    A monthly commentary on the notable facts, figures and goings-on in the tax world. Suitable items should be sent to

International Correspondents

International Correspondents