With the backdrop of an increasing budget deficit in an election year, Julia Gillard’s Labor Government has targeted large corporates, multinationals and the mining industry in an attempt to raise additional revenue. Leon Mok, executive director at Baker Tilly Pitcher Partners, outlines the key measures proposed in the Australian federal budget affecting the corporate and international space.
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The firms made senior hires in Los Angeles and Cleveland respectively; in other news, South Korea reported an 11% rise in tax income, fuelled by a corporation tax boom
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