TJN and ICC demand improvements to peer review process The Global Forum on Transparency and Exchange of Information released peer reviews of 11 jurisdictions this month, assessing their progress on transparency and exchange of information, but the Tax Justice... By Joe Dalton April 17 2012
Hungary brings European FTT one step closer A leak from the Hungarian government’s convergence programme last week raised the prospect of the country adopting a financial transaction tax (FTT), and such a tax would have a broader... By Joe Dalton April 13 2012
Brazil’s STF to decide fate of CFC rules Brazil’s Supreme Federal Tribunal (STF) has determined that an appeal case regarding the constitutionality of the country’s controlled foreign company (CFC) rules will have general repercussions, meaning the decision will... By Joe Dalton April 12 2012
Dumex ruling highlights need for Philippines documentation The Philippines Court of Tax Appeals (CTA) refused a refund claim for overpaid VAT by Dumex last week because it could not provide a certificate of tax clearance to prove... By Joe Dalton April 12 2012
Companies must use German PEs for business restructuring before law change Germany is amending its transfer pricing laws so transactions between permanent establishments (PEs) will be treated the same as those between subsidiaries, leading to exit taxes on the transfer of... By Joe Dalton April 11 2012
India’s officials given enhanced powers to audit international transactions A measure introduced in last month’s Finance Bill will enhance the powers of transfer pricing officers (TPOs) to audit international transactions which have not been referred by assessing officers (AOs),... By Joe Dalton April 10 2012
OECD says TIEAs with Costa Rica and Guatemala are ineffective The OECD’s Global Forum on Transparency and Exchange of Information identified serious deficiencies in the domestic laws of Costa Rica and Guatemala for exchange of tax information purposes. By Joe Dalton April 10 2012
Commission must go back to the drawing board on FTT Last week’s ECOFIN meeting brought yet more bad news for advocates of an EU financial transaction tax (FTT). By Joe Dalton April 05 2012
Why HSBC’s SDRT victory is good news for taxpayers HSBC’s recent victory at the UK First-tier Tax Tribunal means taxpayers should not be charged stamp duty reserve tax (SDRT) on the transfer of shares outside the EU when the... By Joe Dalton April 05 2012
China takes steps towards advance ruling system China’s State Administration of Taxation (SAT) is looking to adopt an advance tax ruling (ATR) system in response to increasing pressure on its resources using the traditional audit-based approach. By Joe Dalton April 05 2012
