US whistleblowers received some bad news this week when the Tax Court said it does not have the authority to make the IRS pursue a taxpayer’s case under any circumstances.
eBay International has won its case before Mumbai’s Income Tax Appellate Tribunal (ITAT) which means two of its Indian subsidiaries will not be classed as permanent establishments (PEs) for tax purposes.
Multinational companies operating in India can look forward to more timely resolution of cross-border tax and transfer pricing disputes after India’s Income Tax Appellate Tribunal (ITAT) agreed to devote separate benches to them.
New Zealand taxpayers should be watching Alesco’s Court of Appeal case with bated breath, as the outcome could give a big indication of the extent to which the country’s general anti-avoidance rule (GAAR) can be invoked against transactions.
Business lobbyists are attacking a new carbon tax that was introduced by the Japanese government on Monday, saying its implementation is ill-timed given that companies are still struggling in the wake of last year’s nuclear power plant accident.
The European Commission is referring the UK to the European Court of Justice (ECJ), claiming its cross-border loss relief rules still infringe EU law, despite amendments made after the Marks & Spencer ruling.
