Financial firms get on board for country-by-country reporting The New Haven Declaration, an initiative of Global Financial Integrity (GFI) which calls for greater financial transparency to tackle tax evasion, has attracted the support of a number of asset... By Salman Shaheen January 17 2011
Supreme Court setback for Spanish telecoms companies The Spanish Supreme Court has dismissed a request by telecommunications companies Telefónica, Vodafone and ONO to halt payments of the RTVE tax while the court considers its legality. By Salman Shaheen January 13 2011
European bank levies heighten double taxation fears A report prepared for a meeting of the heads of EU governments last month shows that the profits of leading banks could be hit hard by new bank levies. By Salman Shaheen January 11 2011
JetLite wins service tax appeal India's Customs, Excise & Service Tax Appellate Tribunal ruled in favour of JetLite in a service tax dispute, which had the taxpayer facing a demand for more than Rs1 billion... By Salman Shaheen January 06 2011
Russian Parliament keeps taxpayers waiting for new transfer pricing rules Taxpayers in Russia will have to wait much longer than they thought for new transfer pricing rules after the State Duma failed to adopt the law in time for their... By Salman Shaheen January 05 2011
European VAT rises arrive The rise in UK VAT to 20%, which was announced last June, came into effect today. But while the government and opposition are debating the pros and cons of the... By Salman Shaheen January 04 2011
Australia addresses FIN 48 issue The Australian government announced it has addressed investment uncertainty for US-based fund managers by dealing with the FIN 48 issue. By Salman Shaheen January 03 2011
Working group proposes to shift Finnish tax burden to consumption The Finnish Ministry of Finance’s tax working group (TWG) proposed a number of reforms this week that would shift the tax burden from labour and corporations to consumption. By Salman Shaheen December 23 2010
OTS releases interim report on reliefs The Office of Tax Simplification (OTS) last week released its interim report on its review of tax reliefs, allowances and exemptions for businesses and individuals. By Salman Shaheen December 20 2010
Cheil Communications case sets precedent in India Cheil Communications India, a subsidiary of South Korea’s largest advertising agency, has won its appeal at the Indian Income Tax Appellate Tribunal (ITAT) over pass-through costs in a case that... By Salman Shaheen December 15 2010
