Heritage Oil loses in UK High Court over tax bill on Ugandan sale Heritage Oil has lost its case against Tullow Uganda in the England and Wales High Court over a $313 million tax bill paid to the Ugandan government, but the company... By Joe Dalton June 20 2013
Protecting measurement and analysis of uncertain tax positions from the IRS US bank Wells Fargo has won the right to protect the measurement and analysis of its uncertain tax positions (UTP) from the Internal Revenue Service (IRS) in a taxpayer favourable... By Joe Dalton June 20 2013
Indian High Court accepts planning to exploit loopholes in Bhoruka Engineering Tax planning by Bhoruka Engineering (Bhoruka) to avoid capital gains tax on a share sale which effectively transferred immoveable property between two entities has been deemed acceptable by the Karanataka... By Joe Dalton June 19 2013
Novo Nordisk battling $3.9 billion TP adjustment on transfer of biopharmaceutical division Denmark's largest listed company, Novo Nordisk, has been hit with transfer pricing adjustments of DKK 22 billion ($3.95 billion) by the Danish tax authority (SKAT) resulting in an increased tax... By Joe Dalton June 19 2013
No capital gains tax on acquiring Brazilian companies through incorporation of shares Domestic and foreign companies acquiring Brazilian entities through the incorporation, as opposed to the sale, of shares should pay no capital gains tax, according to the country’s Administrative Council of... By Joe Dalton June 13 2013
Vodafone defends position in UK and Indian tax disputes UK telecommunications group Vodafone has defended its position in its dispute with the Indian tax authorities and in the much scrutinised settlement with HM Revenue & Customs (HMRC) in 2010... By Joe Dalton June 13 2013
Benefit of using writ of payment for taxpayers, states and the federal union Renata Correia Cubas and Alessandra Gomensoro, of Mattos Filho, explain how using writ of payments benefits taxpayers paying debts in Brazil. By Joe Dalton June 13 2013
Israeli tax authority tries to deny Medinol relief on Boston Scientific payout The Israeli tax authorities are claiming that medical technology firm Medinol owes between $150 and $225 million in capital gains tax on a $750 million compensation payout it received from... By Joe Dalton June 13 2013
Swiss move closer to ending US dispute over bank secrecy Switzerland’s upper house of Parliament approved a draft proposal to let the country’s banks forgo secrecy laws to appease the US yesterday, but some taxpayers may fear that tax information... By Joe Dalton June 13 2013
Indian taxpayers must be cautious in TP reporting despite Vijai Electricals judgment Multinationals in India must maintain caution in their transfer pricing reporting of transactions involving investment into foreign subsidiaries even though the Hyderabad Income Tax Appellate Tribunal (ITAT) said transfer pricing... By Joe Dalton June 06 2013
