Brewing company Greene King is facing a potential double tax bill after the First-tier Tax Tribunal dismissed its appeal seeking tax relief for an intra-group payment of more than £20 million ($31.2 million).
Brazil’s complex tax legislation makes it difficult for companies to steer clear of disputes with the tax authorities. Depending on a taxpayer’s operations in Brazil, it may have to deal with different authorities at local, state, and federal levels.
COMMENT: Fortescue Metals Group filed a High Court challenge against the Australian government last week in an attempt to have the mineral resource rent tax (MRRT) declared invalid, but if Prime Minister Julia Gillard had learnt from her predecessor’s mistakes the problem may have been avoided.
Indian telecommunications company Bharti Airtel has been ordered to pay Rs700 crore ($124 million) for alleged evasion of customs duties, but many tax professionals believe the treatment is unjust.
The IRS may need to reconsider its position when challenging certain debt instruments after Scottish Power this week won its US Tax Court case over the tax deductibility of interest.
