Court of Appeal decision brings Nice Cheer for Hong Kong taxpayers Holders of trading investments in Hong Kong will be buoyed by a Court of Appeal decision that provides that unrealised gains from such investments are not taxable until realised, while... By Joe Dalton July 05 2012
Former IRS chief counsel tells taxpayers what to expect in tax litigation EXCLUSIVE: Donald Korb, now of Sullivan & Cromwell, spent almost five years as chief counsel for the Internal Revenue Service (IRS) from 2004 to 2008. By Joe Dalton July 05 2012
Italian banks set to suffer after ECJ ruling in BNP Paribas case A ruling by the European Court of Justice (ECJ) has left BNP Paribas and Banca Nazionale del Lavoro (BNL) with a hefty tax bill and could see Italian authorities targeting... By Joe Dalton July 05 2012
Advocate General’s opinion boosts companies shifting Portuguese assets An opinion released by the Advocate General (AG) of the European Court of Justice (ECJ) indicates that companies migrating their seat of management or assets out of Portugal will receive... By Joe Dalton July 05 2012
UK taxpayers must say no to planning schemes after HMRC’s Greene King tribunal win Brewing company Greene King is facing a potential double tax bill after the First-tier Tax Tribunal dismissed its appeal seeking tax relief for an intra-group payment of more than £20... By Joe Dalton June 28 2012
How to manage a Brazilian tax dispute Brazil’s complex tax legislation makes it difficult for companies to steer clear of disputes with the tax authorities. Depending on a taxpayer’s operations in Brazil, it may have to deal... By Joe Dalton June 28 2012
Gillard should have learnt from Rudd’s mistakes on Australian mining tax COMMENT: Fortescue Metals Group filed a High Court challenge against the Australian government last week in an attempt to have the mineral resource rent tax (MRRT) declared invalid, but if... By Joe Dalton June 25 2012
Indian tax authorities “wrong” to target Airtel over customs duties Indian telecommunications company Bharti Airtel has been ordered to pay Rs700 crore ($124 million) for alleged evasion of customs duties, but many tax professionals believe the treatment is unjust. By Joe Dalton June 21 2012
How Scottish Power’s US Tax Court victory could hamper IRS The IRS may need to reconsider its position when challenging certain debt instruments after Scottish Power this week won its US Tax Court case over the tax deductibility of interest. By Joe Dalton June 21 2012
