South African budget set to provide a positive package for taxpayers South Africa’s budget, to be presented on February 23, is likely to introduce a number of tax reforms that will be welcomed by companies including widening the Regional Headquarter Company... By Salman Shaheen February 21 2011
Court of Appeal does the splits on thin capitalisation In a split decision, the Court of Appeal in London today dismissed the argument of five taxpayers that the UK’s thin capitalisation rules breach the EU’s freedom of establishment. By Salman Shaheen February 18 2011
French decision distorts burden of proof for share sale VAT deductibility The French State Council’s ruling in the Pfizer Holding case has changed the burden of proof for the VAT deductibility of costs related to the sale of shares. By Salman Shaheen February 17 2011
Deal Analysis: How the BA/Iberia merger was achieved The BA/Iberia merger, completed in January, was one of the most significant cross-border European transactions in recent years. Salman Shaheen talks to the friends who made the innovative tax structure... By Salman Shaheen February 15 2011
South Africa eyes manufacturing tax breaks In his State of the Nation speech, South African President Jacob Zuma announced his intention to create tax breaks for the manufacturing sector. By Salman Shaheen February 15 2011
Owens foresees the end of tax havens Jeffrey Owens, director of the OECD Centre for Tax Policy and Administration, believes the Organisation’s reviews of transparency and information exchange will see the end of tax havens. By Salman Shaheen February 11 2011
Italy rules merger leveraged buyouts not abusive The Italian Supreme Court has surprised many tax professionals by confirming that merger leveraged buyouts are not abusive. By Salman Shaheen February 10 2011
Australia’s green tax break does not go far enough Australia is introducing tax breaks to encourage businesses to improve the energy efficiency of their buildings. By Salman Shaheen February 03 2011
HMRC’s dispute resolution strategy causing problems A survey has found that large corporate taxpayers in the UK are feeling the pressure from the dispute resolution strategy employed by HM Revenue & Customs (HMRC). By Salman Shaheen February 03 2011
Possible China-UK advance pricing agreement in the works A source has revealed that pre-filing talks have taken place, suggesting that China and the UK might be working on their first bilateral advanced pricing agreement (APA). By Salman Shaheen February 02 2011
