HMRC’s revision of draft Retail Distribution Review (RDR) guidance on VAT liability has been well received by most financial advisers, but could lead to additional charges.
Taxpayers in Singapore are praising a recent Income Tax Board of Review (ITBR) decision for delivering certainty on the issue of when a shareholding test waiver may be granted following a substantial change of shareholders.
Foreign investors using Luxembourg holding companies to buy French real estate must restructure their investments or face a significantly increased tax bill, because of imminent amendments to a tax treaty between the two countries.
A European financial transaction tax (FTT) will hit end-users in the real economy – such as companies and pension funds – hardest, according to European Association of Corporate Treasurers (EACT) chairman Richard Raeburn.
Victory for Li & Fung in its hearing before Hong Kong’s Court of Appeal next week will give much relief to companies which subcontract services to foreign affiliates, but if the Commissioner of Inland Revenue (CIR) triumphs it could turn Hong Kong’s tax principles upside down.
Slashing the corporate tax rate, reforming the controlled foreign company rules and blocking plans for a financial transactions tax are just three ways the government hopes to attract multinationals to relocate to the UK. International Tax Review investigates whether these steps will tempt companies to make the move.