ITR Search | International Tax Review

Supreme Arbitration Court’s ruling in Polymetal case hits Russian mining companies

Polymetal, a Russian gold and silver producer, lost a transfer pricing dispute at the Supreme Arbitration Court last week, and the company says the ruling could affect the tax efficiency of hedging instruments related to sales of physical commodities.

Joe Dalton, July 18 2012

ECJ refers Littlewoods VAT case back to the UK

The long-running VAT dispute between Littlewoods and HM Revenue & Customs (HMRC) has been transferred back to the UK following a ruling from the ECJ.

Joe Dalton, July 18 2012

Why News Corp’s Australian victory boosts confidence in claiming deductions

In the News Limited ruling on Tuesday, Australia’s Federal Court ruled that currency exchange losses should not be limited only to the exchange of money, and this will give taxpayers confidence in claiming tax deductions for such losses in a broader range of circumstances.

Joe Dalton, July 18 2012

Ken Henry’s comments signal GST as Australia’s next tax battleground

Australia is a country divided by clashes over tax policy, first mining, now carbon. But it is GST that will be the great tax battleground of the future, if the recommendations of Ken Henry, the man tasked with reforming the country’s tax system, are followed.

Salman Shaheen, July 18 2012

Where transfer pricing is critical in US oil and gas joint ventures

Complex transfer pricing challenges are arising from the increasing number of joint ventures, particularly in the US, between multinational oil and shale gas exploration companies.

Sophie Ashley, July 18 2012

Supreme Arbitration Court’s ruling in Polymetal case hits Russian mining companies

Polymetal, a Russian gold and silver producer, has said its defeat in a transfer pricing case last week could affect the tax efficiency of hedging instruments related to sales of physical commodities.

Joe Dalton, July 18 2012

What Australian taxpayers should know about the ATO's future strategy

The Australian tax environment is more challenging and uncertain than ever. Increased government revenue targets and a reliance on tax take to hit those targets are increasing the likelihood of tax authority challenges. While recent and upcoming legislative changes threaten to spark fresh disagreement between taxpayers and the Australian Taxation Office (ATO) in 2013.

Joe Dalton, July 17 2012

Crowell & Moring adds two to Washington office

Crowell & Moring is strengthening its tax practice with the arrival of two tax controversy and litigation partners in Washington, DC. David Blair joins from Miller & Chevalier, while David Fischer joins from Cooley. The pair collectively bring more than half a century of litigation, trial and advisory experience with them.

July 17 2012

Beswick steps into Kroeker’s shoes at SEC

The official who was staff director of the SEC’s project on the implications of incorporating International Financial Reporting Standards (IFRS) into the financial reporting system for US companies, has been named as the organisation’s acting chief accountant, Paul Beswick.

July 17 2012

D’Ascenzo spells out tax compliance risks for ATO

The growth and complexity of intra-group transactions, particularly in services, intellectual property and financing, means that the area is a key focus of tax compliance risk, the commissioner of the Australian Taxation Office has told business leaders.

July 17 2012

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