While airlines were brought into the EU Emissions Trading Scheme (ETS) at the beginning of this week, Chinese airlines have today refused to pay the tax.
Aseem Chawla and Sandeep Chilana of Amarchand & Mangaldas tell International Tax Review why India’s shift to a negative list of services should help clients with compliance and avoiding disputes, although there may be some drawbacks in the future.
Despite mounting international pressure, the Court of Justice of the European Union (CJEU) has today confirmed that aviation can be brought under the emissions trading scheme (ETS) without breaking international law.
Chris Needham, VAT director of General Electric, is one of the most vocal tax executives calling for European VAT reform. In an exclusive interview, he discusses the pros and cons of the European Commission’s white paper, released last week, and whether its proposals meet his hopes.
With governments continuing to target indirect tax as a reliable and consistent revenue stream to help balance budgets, advisers are warning that taxpayers need to do more if they are to avoid becoming the victim of aggressive tax authorities.
