ITR Search | International Tax Review

No clear winner in LG India marketing intangibles case: In-depth analysis

The special bench of the Delhi Income Tax Appellate Tribunal (ITAT) has recently delivered a verdict on the much debated issue of marketing intangibles in the case of LG Electronics. Sanjiv Malhotra, of BMR Advisors, who was a briefing counsel for some of the interveners in this case, provides an in-depth analysis of the ruling and the issues raised.

January 30 2013

Miller & Chevalier elects new tax litigation partner

Tax litigation and controversy specialist Steven Dixon has been elected as a new member in Miller & Chevalier’s Washington, D.C. office.

January 29 2013

Jenne hires Sidorak for tax reporting role

Neil Sidorak is joining Jenne, a value-added distributor of IP telephony, audio and video conferencing, unified communications, data networking and security and surveillance products, in Avon, Ohio as its controller, making him responsible for the company’s financial and tax reporting.

January 29 2013

IF campaign reaches out to businesses to tackle tax avoidance

With the UK chairing the G8 this year, more than 100 charities have come together under the banner of the IF campaign, whose basic premise is that there is enough food in the world for everyone if certain conditions, including ending tax avoidance and increasing financial transparency, are met. Katharine Teague, senior private sector adviser at Christian Aid, one of the main organisations behind the campaign, tells International Tax Review how it is reaching out to businesses.

Salman Shaheen, January 29 2013

Netherlands wants international action against tax avoidance

The Dutch parliament has been debating the country’s role in international taxation and its position within the global network that facilitates tax avoidance, concluding that the issue of tax avoidance must be dealt with at an international level.

Matthew Gilleard, January 29 2013

CBI’S Richard Woolhouse calls for international cooperation to tackle tax avoidance

Richard Woolhouse, head of tax and fiscal policy at the Confederation of British Industry (CBI), tells International Tax Review why he thinks international cooperation is the best way to tackle highly abusive avoidance and why the rule of law not morality should determine what counts as a fair share of tax.

Salman Shaheen, January 29 2013

Cummings leaves Berwin Leighton Paisner for BDO

Kevin Cummings has joined BDO to develop the firm’s banking, capital markets and asset management tax capabilities in the UK.

January 29 2013

Taxpayers say LG decision in favour of Indian Revenue is positive

The LG tax ruling in India, on the transfer pricing aspects of marketing intangibles, is a shot in the arm for the Indian authorities because the Income Tax Appellate Tribunal (ITAT) deems, when the taxpayer incurs higher advertising, marketing and promotion (AMP) expenses to comparable companies, it is creating or enhancing a brand owned by the foreign entity and should be remunerated on a cost-plus basis. Some taxpayers are not surprised by the verdict however and have said it has an up-side.

Sophie Ashley, January 29 2013

Year-end adjustments: the Italian perspective

In matters of transfer pricing, the terms “compensating adjustments” and “year-end adjustments” refer to the adjustments made by companies to align the transfer pricing criteria they adopted during the fiscal year with the actual year-end figures so that these are consistent with the arm's-length. Piergiorgio Valente of Valente Associati GEB Partners and Federico Vincenti of Centro Studi Internazionali GEB Partners discuss.

January 29 2013

Japan seeks to improve domestic industries’ competitiveness

The Japanese government has unveiled a tax reform package which it hopes will spur foreign investment and increase firms’ spending.

Matthew Gilleard, January 29 2013

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