Search results for

Half a year after the initial version of the ‘deoffshorisation’ law came into effect, the Russian Finance Ministry is making progress with vital amendments to make the rules more balanced and clear, including the much-awaited rules on ‘good’ and ‘bad’ trusts. Artem Toropov of Goltsblat BLP explains how private clients are expected to benefit from this.

Mario Ortega Calle

Oregon has already begun trialling the new system Oregon is choosing the road less travelled by becoming the first state to look at taxing automobile drivers by the mile. The experimental programme, dubbed OReGO, is being trialled as a substitute for the gasoline tax. The state has called for 5,000 volunteers to test the system, which requires the installation of an in-car device to record distances travelled. Under OReGO, drivers pay 1.5 cents per mile driven, rather than paying tax on the fuel they buy. Participants in the scheme will be issued with tax credits to offset the charge incurred when buying fuel.

"When I met my wife 30 years ago, she says that I used to complain that nobody talked about international tax issues. Now, she says I complain that everybody is talking about international taxation."

India and the US have signed an intergovernmental agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA), which was passed by the US in 2010.

See who has done the tax work on this month’s biggest deals

The Indian Income Tax Department (ITD) has decided to pursue a Rs 20,495 crore ($3.2 billion) tax case against Cairn India, jeopardising the company's proposed reverse merger with parent company Vedanta, the Central Board of Direct Taxes (CBDT) has confirmed.

The level of US engagement with BEPS deliverables will be central to the project’s success The Republicans leading the US Congress' two tax-writing committees have called on Jacob Lew, Treasury Secretary, to "remain engaged with Congress" as proposals related to the OECD base erosion and profit shifting (BEPS) project continue to be developed.

Ghana has approved amendments to its VAT Act The Ghanaian Parliament has approved several amendments to its VAT legislation, dealing a blow to real estate developers and making several additions to the list of exempted goods and services.

Cooperative compliance between governments and multinational enterprises could be critical to efforts to minimise illicit financial flows from Africa, argue Jeffrey Owens and Alicja Majdanska of the Vienna University of Business and Economics.