ITR Search | International Tax Review

India awaits final Shome committee report

The Parthasarathi Shome-led committee appointed by the Indian government to assess the merits of a general anti-avoidance rule (GAAR) in the country, as well as to assess the appropriateness of the retrospective amendment issued following the Vodafone tax dispute, has sent its final report to the Finance Minister P Chidambaram.

Matthew Gilleard, October 01 2012

What taxpayers should look out for in Canadian tax litigation

Ed Kroft QC and Deborah Toaze, of Blake, Cassels & Graydon, highlight important tax dispute rulings expected to be handed down in Canada in the coming months, and why taxpayers need to pay close attention to them.

October 01 2012

What Obama and Romney agree on

Tomorrow night’s televised debate between President Barack Obama and Republican presidential candidate Mitt Romney is likely to see the two men reiterate the ways in which they differ from one another, and give reasons as to why their vision for America is superior to their opponent’s. However, one economy-boosting measure they agree on is that the US corporate tax rate should be lowered.

Matthew Gilleard, October 01 2012

Cyprus: Cyprus-China bilateral relations

Michalis Zambartas, Eurofast Taxand It is well known that there are many business opportunities arising from China since, after all, it is the world's second largest economy.

September 30 2012

Japan: Japan Tax Association issues report on equivalent foreign reorganisations

Chizuko Tomita, Morrison & Foerster The absence of specific Japanese rules on the treatment of a foreign subsidiary's reorganisation has sometimes hindered Japanese companies when trying to conduct reorganisations of their foreign subsidiaries for valid business purposes. Often, Japanese companies have had to approach the Japan National Tax Agency (NTA) in advance to obtain certainty on their tax treatment.

September 30 2012

Myanmar: New foreign investment law details changes in tax incentives

Edwin Vanderbruggen and Thida Cho Win, VDB Loi Myanmar's Lower and Upper House have already voted on the new Foreign Investment Law, replacing the 1988 predecessor, though the new law is not yet in force and amendments are still possible. Here are a few key points that are likely to feature in the new law as released by Myanmar's Directorate of Investment & Company Administration, and some important differences with the old investment law. Please bear in mind that there might be further changes.

September 30 2012

KPMG adds to Houston practice

KPMG has hired Chetan Vagholkar as a partner in the International Corporate Services practice.

September 30 2012

Norway: Carried interest earned by private equity management reclassified as employment income

Rolf Saastad and Wensing Li, Deloitte Carried interest is a profit sharing that the investment managers of private equity funds will earn if the fund is successful. Carried interest is normally 20% of any return to investors of more than 8% a year.

September 30 2012

Deals table

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

September 30 2012

Michael Meacher speaks for the voiceless on tax justice

Michael Meacher, former UK Minister of State for the Environment under Tony Blair, stepped up the fight against tax avoidance in the House of Commons last month with his general anti-tax avoidance principle (GATAP) Bill. Salman Shaheen talks to the Labour Member of Parliament about his campaign and how it is gaining momentum.

September 30 2012

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