In welcome news for investors, the committee appointed by the Indian government to assess the merits of general anti-avoidance rules (GAAR) in the country, led by Parthasarathi Shome, has recommended delaying its implementation by three years.
Companies in Europe are increasingly aware of, and concerned about, the effect of tax planning exposure on their company reputation, a survey conducted by Taxand shows.
TREATY ANALYSIS: The old double taxation avoidance agreement between Germany and Spain was signed nearly half a century ago, so it made sense when on February 3 2011, the two countries met in Madrid to sign a new treaty and protocol.
A constant issue faced by multinational taxpayers is whether branches or subsidiaries are a more useful and flexible part of the corporate structure and in what circumstances it is appropriate to employ one over the other.
TREATY ANALYSIS: Last month Australia and Canada announced they are in the process of renegotiating the double tax avoidance treaty between the two countries.
