ITR Search | International Tax Review

FTT could hit UK financial sector even if it opts out

The UK Lords Select Committee on the EU last month heard the fears of financial institutions on the European Commission's proposed financial transactions tax (FTT).

March 01 2012

Nike Thailand victory brings good news for importers

The Supreme Court of Thailand has ruled in favour of Nike in a dispute over royalties with the Customs Department. The case sets a welcome precedent for companies looking to import goods from a third party.

March 01 2012

Why taxpayers should stop using residual pricing methods in Portugal

The Portuguese tax authority has turned its transfer pricing focus to residual pricing methods, meaning companies should stop using them if they want to save money.

March 01 2012

Tax challenges for the energy sector in Indonesia

Indonesia is blessed with oil, gas, coal and mineral natural resources. The exploitation of energy resources (oil, gas and coal) has contributed significantly in spearheading the growth of the Indonesian economy over the past 40 years. Jul Seventa Tarigan of PB Taxand outlines the challenges taxpayers in the energy sector face and offers an example of how to utilise operations in the resource-rich country.

March 01 2012

Why business has serious concerns about the FTT

There is continued debate about the pros and cons of a financial transactions tax (FTT). It is a subject which does not want to go away. Writing in a personal capacity, Chris Lenon, who chairs the Tax Committee of the Business and Industry Advisory Committee to the OECD, explains why the tax worries business.

March 01 2012

Why Greek tax reforms will benefit multinationals

With the Greek economy under extreme strain and the government being pressurised to impose strict fiscal measures in return for a €130 billion ($173.4 billion) IMF bailout, the country is being driven towards tax reform at high speed.

Joe Dalton, March 01 2012

How the Spanish Supreme Court ruling in Roche Vitamins contrasts with Zimmer and Dell

The Spanish Supreme Court has made a decision which not only contrasts with that of France's Zimmer case and Norway's Dell case but means taxpayers should re-examine structures where a Spanish company performs activities for non-resident related entities under contract.

Sophie Ashley, March 01 2012

Why Canada’s second ruling on beneficial ownership bodes well for taxpayers

Multinationals applying Canadian tax treaties to reduce withholding tax on royalty payments before paying funds to entities in non-treaty countries were boosted by a favourable Canadian Tax Court ruling last week.

Joe Dalton, March 01 2012

Finland: Finnish tax loss dispensation procedure to the ECJ

Janne Juusela, Borenius – Taxand The Finnish Supreme Administrative Court (SAC) issued on December 30 2011 a ruling (SAC 2011:118) regarding the dispensation procedure relating to the possibility of use of tax losses despite a qualified change in ownership in a company. In the ruling SAC decided to request a preliminary ruling from the ECJ.

March 01 2012

Opportunities in value chain transformation

The globalisation of trade and commerce has led to value being added in different quarters of the world as intermediates get transformed into finished products or services while being delivered to customers. There is now a growing need to synchronise these operations to make value chains more effective. Rakesh Mishra and Suchint Majmudar of PwC explain why this shift ought to put the business at the centre of the change and deal with advantages of value chain transformation.

March 01 2012

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