The breadth of tax topics to be debated at the International Bar Association (IBA) annual conference in Dubai next week ranges from the use of partnerships and tax groups to the taxation of foreign currency gains and losses and taxation in the Gulf Cooperation Council (GCC) countries.
Republican Herman Cain has adapted his 9-9-9 tax code proposal to allow for exemptions. The simplicity of the 9-9-9 plan, with its uniform rates and lack of exemptions, was previously the defining aspect of Cain’s proposal, but recent opposition has shown the presidential candidate that flexibility is required.
A publicly played-out dispute over tax policy within the German coalition government came to a head on Saturday, with Chancellor Angela Merkel openly rejecting the claim from a junior coalition partner that tax cut proposals had been taken off the government’s agenda and would therefore not see implementation.
The European Court of Justice (ECJ) has ruled that the German withholding tax deduction on outbound dividends is incompatible with EU law because it violates the principle of free movement of capital.
