A judgment from the ECJ today has stated that electronic messaging services for financial institutions are not covered by the VAT exemption on banking transactions.
The European Court of Justice (ECJ) has been asked to provide a preliminary ruling on a number of questions relating to the pro rata calculation of VAT, in a decision which will be particularly significant for banks with operations in non-EU countries.
The Ashwick litigation between Foster’s Group Limited and the Australian Commissioner of Taxation has finally been concluded, with the taxpayer winning a A$390 million ($412 million) refund.
Almost one year on from being elected as Australia’s first female prime minister, Julia Gillard has announced her government’s long-awaited package for climate change action. The plans include assistance for industries such as coal and steel.
