India’s Income Tax Appellate Tribunal Pune Bench (ITAT) recently decided a case concerning the tax deductibility of fees paid to portfolio managers, and if followed, the judgment could see the extension of deductions to other investment managers’ fees, advisers say.
Brewing multinational SABMiller filed a petition in Bombay’s High Court last week against the Indian tax authorities’ retrospective claims for unpaid capital gains tax, initiating a dispute that will ramp up the pressure on the government to overturn the retrospective amendments introduced in Finance Act 2012.
South Africa’s tax regime is undergoing significant reform. International Tax Review speaks with two of the country’s leading tax advisers to discover how taxpayers can avoid disputes and what strategy the South African Revenue Service (SARS) is likely to pursue in the near future.
In September the ECJ will re-open after its summer break. International Tax Review examines the tax schedule for next month and highlights the cases taxpayers will need to look out for.
International Tax Review speaks with three of the UK’s leading tax dispute advisers to get advice on managing UK disputes and find out what taxpayers can expect from HMRC in future.
A ruling by the US Court of Appeals for the Fifth Circuit concerning the transfer of funds from a closely held company to its sole board member provides valuable lessons for taxpayers as to how the courts will decide debt versus equity cases.
