HMRC blurs line between what is and is not sensible tax planning The HM Revenue & Customs’ tax assurance commissioner, has released his annual report, outlining how the UK tax authorities has resolved disputes in the last 12 months, but while positive... By Aaran Fronda July 10 2014
Australian carbon tax costing Qantas $100 million a year set for repeal This week, Tony Abbott’s government will lead the charge in the Australian Senate to repeal the controversial carbon pricing mechanism, which imposed an annual A$100 million ($94 million) cost on... By Aaran Fronda July 09 2014
India: Odisha’s state government demands green tax on mining to compensate for GST State finance minister requests a green tax to be imposed on mining because he fears the destination principle, which forms part of the goods and services tax (GST) regime, will... By Aaran Fronda July 09 2014
ECJ rules that Dutch fiscal unity regime breaches EU’s freedom of establishment The Netherlands’ fiscal unity rules are in breach of the EU’s freedom of establishment principle, the European Court of Justice (ECJ) has ruled. By Aaran Fronda June 19 2014
McLaren loses £9 million tax relief claim Formula 1 racing team McLaren has lost its claim, regarding a £32 million ($54.5 million) penalty fine imposed against it by the sport’s governing body, which it believed should be... By Aaran Fronda June 19 2014
Canada unlikely to listen to OECD advice on carbon tax In its 2014 economic survey of Canada, the OECD stated that, to meet international emissions targets and tackle the effects of climate change, Canada should consider implementing a carbon tax,... By Aaran Fronda June 19 2014
ACCA accuses government of adding to complexity of UK tax system The Association of Chartered Certified Accountants (ACCA) believes that the coalition government has failed to support the Office of Tax Simplification (OTS) and has instead made the UK tax system... By Aaran Fronda June 18 2014
US Supreme Court declines to review Wells Fargo economic substance case Wells Fargo has lost its bid to have the US Supreme Court review the economic substance doctrine, which became part of the Internal Revenue Code in 2010. By Aaran Fronda June 12 2014
New tax treaty allows Australia access to Swiss bank accounts The Australia-Switzerland tax treaty is being revised to allow authorities access to secretive Swiss bank accounts upon request. By Aaran Fronda June 12 2014
