The study group, chaired by Graham Aaronson, QC, that will look at the feasibility of introducing a general anti-avoidance rule in the UK, comprises one taxpayer, two academics, a High Court judge, a former judge and a former lawyer who is a part-time tax judge.
The Australian Taxation Office (ATO) has issued a decision impact statement arising from litigation concerning the restructuring of News Corporation (Newscorp).
Indonesia has moved to boost Islamic finance by proposing a series of tax incentives for the sector. The incentives are likely to stimulate sukuk issuance.
Foreign investors in Hungary have criticised the country’s ‘crisis tax’ imposed on telecommunications, energy and retail firms, arguing that it targets them unfairly.
The body set up by the Australian government to advise it on the design and implementation of new taxes for the natural resources industry has recommended that Prime Minister Julia Gillard credit all current and future state and territory royalties to the MRRT accounts of mining firms.
