India and Australia have signed a new protocol amending their double taxation avoidance agreement (DTAA) which makes a number of changes that will benefit multinationals operating in both countries.
The implementation of IFRS in India has suffered several setbacks and is now not expected to be introduced until 2013, but tax advisers say that businesses can take some important steps before their introduction.
Exemptions, grants and free permits will negate the green impact of Australia’s carbon tax to ensure big business does not suffer, environmentalists and tax experts warn.
Canadian taxpayers should expect more uncertainty when it comes to the country’s general anti-avoidance rule (GAAR) despite last week’s Copthorne ruling, warns a leading lawyer.
Boston Scientific, a US medical technology company, has filed a petition to the US Tax Court in a fight against a $581 million transfer pricing adjustment from the IRS.
