Microsoft’s Form 10-K filing with the Securities Exchange Commission (SEC) shows the company’s effective tax rate in the US is just over half the statutory tax rate. But how has it managed to achieve this?
New figures announced by the Office for National Statistics (ONS) today show that GDP growth has slowed to 0.2% in the second quarter of 2011. What the figures do not show is economists’ belief that January’s VAT rise is partly to blame and this may affect future tax policy.
Tradehold has won its argument against the South African Revenue Service (SARS) that capital gains tax does not apply on the deemed disposal of shares when a parent company ceases to be resident in the country.