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Indian indirect tax collection surges

Indirect tax collections – comprising customs, central excise and service tax – rose to Rs 2,85,787 crore ($58 billion) during April to December. It is a significant boost to the government ahead of its plans to introduce GST.

Matthew Gilleard, January 27 2012
What a Greek VAT U-turn would mean for multinationals

Rumours are rife that the Greek government will opt to reduce the VAT rate when it drafts a Bill for a new tax system next week.

Joe Dalton, January 27 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.

Salman Shaheen, January 26 2012
Flick Gocke Schaumburg adds to partnership

Flick Gocke Schaumburg has appointed four new equity partners in its tax practice.

January 26 2012
Trust, transparency and understanding are key, says Shell CFO

Shell CFO Simon Henry spoke about cooperation between taxpayers and tax authorities at the latest meeting of the OECD Forum on Tax Administration.

Ralph Cunningham, January 26 2012
Belgian authorities clarify approach to tax

The Belgian Ruling Commission (RC) has given new guidance on how it goes about its work. This has implications for any multinational company seeking a ruling on cross-border transactions involving Belgium.

January 25 2012
Obama on tax code: “Let’s change it”

President Obama yesterday used his State of the Union address to stress the need for tax reform, claiming “My message is simple...Send me those tax reforms, and I’ll sign them right away”.

Matthew Gilleard, January 25 2012
European Tax Awards 2012 - closing date extended to February 14

The European Awards are expanding, with the inclusion of South Africa.

Ralph Cunningham, January 25 2012
Stats reveal Vodafone was destined to win

Strong legal arguments were not the only thing on Vodafone’s side in their triumph at the Indian Supreme Court last week, statistics show that a victory was inevitable.

Jack Grocott, January 25 2012
Developments in tax free flows for investment in Brazil

Andrea Bazzo Lauletta and Flavio Mifano of Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados explain that despite the country’s tax on foreign exchange transactions, Brazil still offers a tax friendly environment for foreign investors that can undertake their business with a favourable tax burden.

January 25 2012

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