If banks had been told two years ago that they would be preparing for a financial transaction tax (FTT) in Europe, they would have laughed. But with the FTT just around the corner, Salman Shaheen finds out how financial institutions are preparing and whether the FTT is likely to affect those outside the 11 EU member states introducing the tax.
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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