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Clifford Chance announces new partners

Global law firm Clifford Chance has appointed three new partners by promoting counsel in three of its European offices.

April 26 2012
Revamp of taxation landscape for services in India

Supriya Jain of KPMG looks at important changes that are happening to service taxation in India.

April 26 2012
Hungary’s FTT will not follow Commission’s model

The Hungarian government has announced it will implement a financial transaction levy (FTL) in January 2013, but it seems the model will depart significantly from the European Commission’s (EC) proposals and that which France will introduce in August.

Joe Dalton, April 26 2012
Senators debate effect of US reform on state and local taxes

Witnesses at a Congressional hearing yesterday urged lawmakers not to forget the impact of federal tax reform on state and local taxes.

Matthew Gilleard, April 26 2012
Why Russia's guidance on controlled transactions is a headache

Russia's Ministry of Finance has clarified how taxpayers should calculate the threshold for controlled transactions, but its interpretation leaves companies with a choice of non-compliance or dedicating more resources to transfer pricing.

Joe Dalton, April 25 2012
Chris Wales takes new role

PwC has just hired a well-connected tax specialist in London to spearhead its work with governments to improve how tax authorities operate

April 25 2012
UK government to crack down on LVCR avoidance schemes

The UK government is taking steps to stop companies avoiding the removal of low value consignment relief (LVCR) on Channel Island imports two weeks after International Tax Review reported how companies are getting around the abolition.

Salman Shaheen, April 25 2012
Why taxpayers should be relieved after Home Concrete’s SC win

The US Supreme Court has ruled that the Internal Revenue Service (IRS) cannot use an extended six year statute of limitations period to investigate an overstatement of basis by Home Concrete.

Joe Dalton, April 25 2012
Malaysia clarifies source of income

Malaysia’s Court of Appeal has confirmed that interest income derived by a taxpayer from loans made to an offshore entity is foreign-sourced and therefore not subject to Malaysian income tax.

Jack Grocott, April 25 2012
Paul Hastings sends tax partner to Houston

A tax lawyer with Paul Hastings is one of four partners launching the firm’s new office in Houston, Texas.

April 25 2012

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