Eastern Value Partners (Eastern Value), a subsidiary of Cyprus-based private equity group Exelor, with a permanent establishment in Russia, is entitled to tax benefits under the Russia-Cyprus double tax treaty (DTT) despite the tax authority’s claims it was treaty shopping, Russia’s Ninth Arbitration Court of Appeal has ruled.
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The cuts disproportionately affected staff in certain positions, the report also found; in other news, MHA announced the €24m acquisition of Baker Tilly South East Europe
Meanwhile, South Africa’s finance minister has accepted a court decision on suspending a VAT increase and US President Donald Trump mulls a 100% tariff on foreign films
Jaime Carey speaks about the benefits of his tax background, DEI values, the use of AI for a smarter legal practice, and other priorities that will define his presidency