China’s State Administration of Taxation (SAT) is looking to adopt an advance tax ruling (ATR) system in response to increasing pressure on its resources using the traditional audit-based approach.
HSBC’s recent victory at the UK First-tier Tax Tribunal means taxpayers should not be charged stamp duty reserve tax (SDRT) on the transfer of shares outside the EU when the transfer is part of a capital raising process.
Beneficial clauses in a new tax treaty between Hong Kong and Indonesia, particularly in relation to withholding rates on dividends, are set to make Hong Kong one of the best locations for Indonesian investments.
The European Commission has proposed that two thirds of the revenue generated by a financial transaction tax (FTT) should replace member states’ contributions to the EU budget, in an attempt to garner more support for the levy.
Chemical company Union Carbide (UC) begins its battle against the IRS in the 2nd US Circuit Court of Appeals today, where victory for the taxpayer could expand the scope of US research and development (R&D) tax credits.
The European Commission has referred Germany to the ECJ for excluding non-resident companies from beneficial group taxation arrangements, and the anticipated change in German law will come as a relief to foreign companies.
