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  • Masaharu Umetsuji KPMG Tax Corporation in Japan
  • Gert-Jan van Norden KPMG Meijburg & Co
  • Roberto Tan KPMG
  • Johan De Spiegeleer Deloitte Germany
  • Intra-group services have been an area of significant focus by the Indian revenue officers. During audit, it is typical that, as Indian regulations do not specifically provide for detailed rules for treatment of management charges, the revenue officers generally follow the principles enunciated in the OECD guidelines.
  • Rolf Winand has joined DFDL Mekong as a partner in the tax and customs practice group. His role will mean he is responsible for the jurisdictions of Cambodia and Vietnam.
  • COMMENT: Fortescue Metals Group filed a High Court challenge against the Australian government last week in an attempt to have the mineral resource rent tax (MRRT) declared invalid, but if Prime Minister Julia Gillard had learnt from her predecessor’s mistakes the problem may have been avoided.
  • How Scottish Power’s US Tax Court victory could hamper the IRS, why Spain is increasing its VAT rate, and insight into why the G20 is not too excited about IFRS were just three articles that appeared on ITR Premium last week.
  • The future of India’s Direct Taxes Code and goods and service tax looks uncertain as the country’s finance minister is set to leave office.
  • COMMENT: The IRS and Treasury have already moved to tighten the rules relating to US firms moving to low-tax jurisdictions, but encouraging companies to stay rather than building barriers to prevent them leaving is a more worthwhile and growth-friendly road to go down.