Search results for

Energy groups with petroleum projects in Australia need to change the way they document expenditure to ensure they can successfully substantiate exploration expense deductions, following a judgment published by the country’s Administrative Appeals Tribunal (AAT) yesterday.

John Leopardi and Emmanuel Sala, Blake Cassels & Graydon New measures targeting international tax evasion and addressing international aggressive tax avoidance in order to "enhance the integrity of the tax system" were proposed in the March 2013 Canadian. budget. Seemingly referring to the MIL Investments, Prevost Car and Velcro decisions, the government acknowledged that it has been unsuccessful in challenging perceived “treaty shopping” and announced a public consultation to provide stakeholders with an opportunity to comment on possible measures that would “protect the integrity of Canada’s tax base while preserving a business tax environment that is conducive to foreign investment”.

Multinationals with operations in India have only a few days to act before a newly proposed provision in India's new Finance Bill will affect their tax planning.

France and Germany have been among the strongest backers of the financial transaction tax (FTT), but opposition is rising in both countries.

Chinese officials have outlined details of the country’s first carbon emissions trading scheme in Shenzhen.

Multinational companies Apple and Google, which have been accused of tax avoidance by a number of governments, say they want to see the tax laws changed.

The German Federal Central Tax Office has renewed its warnings to taxpayers of VAT fraud in the country’s energy market.

The OECD has revised its guidance to governments establishing safe harbours to push countries to set up bilateral agreements. However advisers say the efficiency of the system will depend on how consistent agreed rates are.

Michael Ambuehl, Switzerland’s state secretary for international financial matters, who is leading negotiations in disputes with US and European tax authorities over Swiss corporate tax laws and banking secrecy is stepping down.

In 2001, Provisional Measure No. 2,158 was published in Brazil which allowed the Brazilian tax authorities to tax the profits of controlled and affiliated companies established in other countries, even if they had not been distributed to the Brazilian parent.