Germany’s intent to incorporate mandatory binding arbitration provisions in current and future double taxation agreements (DTA) should allow taxpayers to eliminate the risk of double taxation in cross-border cases and help them exert pressure on tax authorities to reduce the length of disputes.
Venture Capital Trusts (VTC) and Investment Trust Companies (ITC) risk losing out on reclaiming VAT mistakenly paid to HM Revenue & Customs (HMRC) if they do not act now.
The Finnish government is asking India to enter a mutual agreement procedure (MAP) under the tax treaty between the two countries in an attempt to negotiate a settlement over Nokia's controversial INR 2,000-crore ($368.8 million) tax bill.
Brazilian taxpayers are left with several options following the Supreme Federal Court’s (STF) judgment on the constitutionality of the controlled foreign company (CFC) rules last month, advisers say.
The European Commission is renewing its inquiry into tax benefits provided to Electricité de France (EDF) by the French government despite the European Court of Justice (ECJ) finding in the taxpayer’s favour last June.
Foreign investors were given helpful guidance on how to value assets for capital gains tax purposes by the Federal Court of Australia’s ruling in favour of Resource Capital Fund III (RCF) last week.
