With the introduction of the CRC Energy Efficiency Scheme in the UK, and a carbon market in the EU that is worth more than $20 billion annually, Michael Cashman and Michael Hutchinson of Mayer Brown believe that understanding how the carbon trading market operates and the tax implications for the companies that participate in the market is becoming increasingly important.
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While the manual should be consulted for any questions around MAPs, the OECD’s Sriram Govind also emphasised that the guidance is ‘not a political commitment’
The landmark Indian Supreme Court judgment redefines GAAR, JAAR and treaty safeguards, rejects protections for indirect transfers and tightens conditions for Mauritius‑based investors claiming DTAA relief
As tax teams face pressure from complex rules and manual processes, adopting clear ownership, clean data and adaptable technology is essential, writes Russell Gammon, chief innovation officer at Tax Systems