ITR Search | International Tax Review

Getting the most from the Ukrainian APA programme

Ukraine’s advance pricing agreement (APA) programme is an attempt to improve the country’s transfer pricing system but uncertainty remains for taxpayers.

Sophie Ashley, September 17 2012

SARS requests information on customs and transfer pricing

The South African Revenue Service (SARS)’s new notice about retroactive transfer pricing adjustments is an attempt to establish if taxpayers are compliant with customs legislation.

Sophie Ashley, September 17 2012

How US state and local tax issues impact mergers and acquisitions

One of the most frequently misunderstood and complex areas for foreign companies acquiring a business based in the US is accurately assessing the state and local tax liabilities of the target company.

September 17 2012

UK GAAR reaction reveals serious constitutional problems

The consultation period for the government’s proposed general anti-abuse rule (GAAR) came to a close at the end of last week, with respondent stakeholders saying there are serious problems with the proposal.

Matthew Gilleard, September 17 2012

Indian Supreme Court gives Essar more time to pay sales tax

Essar Oil will be able to repay the $939 million in sales tax owed to the Indian government in eight quarterly instalments, after a Supreme Court ruling.

Joe Dalton, September 17 2012

Canada’s proposed foreign affiliate dumping rules: The “shotgun” approach to tax legislation

Last Thursday, September 13, was the deadline for comments to the Canadian Department of Finance on draft legislation released on August 14 2012, implementing changes announced in the March 2012 budget. The most contentious of these are new foreign affiliate dumping rules.

September 17 2012

First FATCA agreement is step towards global automatic exchange of information

British financial institutions will be allowed comply with the Foreign Account Tax Compliance Act (FATCA) by reporting information to HM Revenue & Customs (HMRC), who will send the details on to the Internal Revenue Service.

September 17 2012

Michael Meacher MP discusses his Bill for a stronger UK GAAR

EXCLUSIVE: On the same day the consultation closed on the government’s general anti-abuse rule (GAAR), Labour Member of Parliament Michael Meacher tabled a private member’s Bill for a much wider general anti-tax avoidance principle (GATAP).

Salman Shaheen, September 17 2012

Penndorf returns to Ashurst

Heiko Penndorf is rejoining Ashurst as a partner in its Frankfurt office. He was formerly an associate of the firm before joining Mayer Brown, where he was a partner. An associate is also moving to Ashurst with him.

September 17 2012

Nominations announced for Americas Tax Awards

Competition will be fierce at 2012 Americas Tax Awards

September 16 2012

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