Australia amends Petroleum Resource Rent Tax after Esso dispute The Australian government is amending the Petroleum Resource Rent Tax (PRRT) to dispel uncertainty created by the Full Federal Court’s decision in the Esso Australia Resources case. By Joe Dalton December 18 2012
UK draft amendments to exit tax regime may not be EU-compliant Amendments to the UK’s exit tax regime announced in the draft Finance Bill 2013 this week do not go far enough to comply with EU case law, according to some... By Joe Dalton December 13 2012
Top five tax rulings for multinationals in 2012 The tax disputes year started with a bang with the Indian Supreme Court ruling in favour of Vodafone, the UK telecommunications multinational, in a $2.5 billion dispute over an indirect... By Joe Dalton December 13 2012
Court of Appeal ruling in Secret Hotels confirms economic over contractual VAT approach Taxpayers cannot rely on a contractual analysis of their arrangements for determining VAT liability but must focus on the economic reality, the England and Wales Court of Appeal’s decision in... By Joe Dalton December 13 2012
Australian High Court broadens concept of share capital account Australia's High Court delivered a decision in the Consolidated Media Holdings case which gives a broader meaning to the concept of share capital account. By Joe Dalton December 13 2012
Advocate General says holding companies can join VAT groups An Advocate General of the European Court of Justice (ECJ) has released an opinion regarding inclusion of non-taxable persons in VAT groups that will be welcomed by taxpayers and revenue... By Joe Dalton December 06 2012
Indian ITAT allows strategic dividend distribution in Maersk case India’s Income Tax Appellate Tribunal (ITAT), Kolkata bench, ruled that distributing dividends immediately before a share sale to reduce capital gains tax liability is acceptable tax planning. By Joe Dalton December 06 2012
US Court of Appeals Aloe Vera case raises information exchange fears A case about the misuse of tax information exchanged between the US and Japan, which appeared before the US Court of Appeals for the Ninth Circuit recently, raises serious questions... By Joe Dalton December 06 2012
Russia’s Supreme Arbitration Court hears first ever challenge to government tax regulat... Taxpayers led by Jaguar Land Rover are challenging a Russian government tax regulation in the Supreme Arbitration Court (SAC) for the first time. By Joe Dalton November 29 2012
