In 2001, President Cardoso enacted a provisional measure into the Brazilian Tax Code which introduced controversial controlled foreign corporation (CFC) rules in Brazil.
The Indian government has revolted against the extension of the EU’s Emissions Trading Scheme (ETS) to airlines by barring its aircraft from complying.
A novel approach to proving its actions did not provide a tax benefit helped Futuris win its Full Federal Court (FFC) dispute against the Australian Taxation Office (ATO) this week, but the outcome could have been different if the proposed amendments to Australia’s general anti-avoidance rule (GAAR) had applied in the case.
A recent Dutch Court of Appeal ruling could see thousands more taxpayers claiming full refunds on dividend withholding tax and even lead to abolition of withholding tax on dividends, warn advisers.
A tax dispute involving the world’s second largest mining company, Vale, and the Brazilian Federal Revenue Service (RFB), could overhaul Brazil’s approach to the taxation of overseas profits.
