Bunge warns of Hungarian VAT attack on multinationals Multinational agricultural company Bunge estimates up to €1 billion ($1.26 billion) a year is being lost in Hungary because of VAT fraud on food products, and the reaction of the... By Joe Dalton June 17 2012
CBI urges UK government to scrap carbon reduction commitment Business lobbying organisation the Confederation of British Industry (CBI) is calling on the UK government to scrap the carbon reduction commitment (CRC), claiming it is stifling investment and does not... By Joe Dalton June 14 2012
How to get faster dispute resolution at the Tax Court of Canada Canadian taxpayers can look forward to their tax disputes being resolved quicker by the Tax Court of Canada (TCC), if draft legislation released last week is adopted. By Joe Dalton June 13 2012
US Federal Circuit decision in Dominion Resources invalidates IRS regulations A recent decision by the US Court of Appeals for the Federal Circuit in Dominion Resources could provide opportunities for taxpayers in capital intensive industries to claim tax refunds. By Joe Dalton June 13 2012
Latvia hopes to attract holding companies with tax amendments Foreign companies may benefit from using Latvian holding companies for short-term investments following amendments to the country’s Corporate Income Tax Act. By Joe Dalton June 11 2012
What you need to know about Canada’s indirect tax changes Canadian taxpayers will face a number of indirect tax changes in 2013 which will require an overhaul of their systems and processes, but planning ahead will smooth the transition and... By Joe Dalton June 07 2012
ECJ quashes Commission’s appeal over EDF state aid tax benefit The European Court of Justice (ECJ) overturned the European Commission’s ruling that a tax benefit obtained by electricity company EDF constituted improper state aid on Tuesday, saving the company €889... By Joe Dalton June 06 2012
Why Russian taxpayers seeking BVI-Cyprus treaty benefits are at risk Russian companies undertaking so-called BVI-Cyprus sandwich structures to gain tax treaty benefits on royalty income are taking a serious risk according to advisers, despite a recent taxpayer victory in the... By Joe Dalton June 06 2012
Airlines must adapt as Australia’s carbon tax hits Australian airlines will need to pass on extra costs to customers, increase fuel efficiency and axe routes, if they are to survive the introduction of the carbon pricing mechanism on... By Joe Dalton May 31 2012
SARS and National Treasury seek South African DTA amendments The South African Revenue Service (SARS) and National Treasury are discussing whether to amend tax legislation after SARS lost a recent Supreme Court of Appeal case in which a double... By Joe Dalton May 30 2012
