The Spanish Supreme Court has dismissed a request by telecommunications companies Telefónica, Vodafone and ONO to halt payments of the RTVE tax while the court considers its legality.
A report prepared for a meeting of the heads of EU governments last month shows that the profits of leading banks could be hit hard by new bank levies.
India's Customs, Excise & Service Tax Appellate Tribunal ruled in favour of JetLite in a service tax dispute, which had the taxpayer facing a demand for more than Rs1 billion ($21 million) in unpaid tax and a penalty.
Taxpayers in Russia will have to wait much longer than they thought for new transfer pricing rules after the State Duma failed to adopt the law in time for their enactment, as expected, on January 1.
The rise in UK VAT to 20%, which was announced last June, came into effect today. But while the government and opposition are debating the pros and cons of the controversial move, many other European jurisdictions are following the same trend.
