Search results for

The Supreme Court of Canada has set the date for the GlaxoSmithKline hearing, which will finalise the long-running transfer pricing dispute.

The implementation of IFRS in India has suffered several setbacks and is now not expected to be introduced until 2013, but tax advisers say that businesses can take some important steps before their introduction.

On August 19 2011, the Canadian Department of Finance released a package of proposed amendments including significant changes to the tax rules governing the taxation of income earned by foreign affiliates of Canadian taxpayers.

The Supreme Court of Canada has named the date for the GlaxoSmithKline hearing, which will finalise the long-running transfer pricing dispute.

China has underlined its determination to strengthen its anti-avoidance rules by concluding the country’s first thin capitalisation audit.

The decision on intercompany debt funding has been made by the New Zealand High Court in Alesco New Zealand Ltd v CIR.

At the forefront of tax policy development for intangible assets is the OECD’s Working Party No 6 and Michelle Levac, the group’s chairwoman, spoke exclusively to International Tax Review about how intangible assets are assessed and what difference, realistically, the new guidelines will make when they are finally published

Intellectual property (IP), and the correct approach to taxing it, is in the global spotlight, especially because of the OECD's Working Party No No 6 project on the transfer pricing aspects of intangibles. While taxpayers want specific guidelines, to provide certainty, revenue authorities would prefer principles so they don't lose out on potential revenue. Both want to see a variety and abundance of practical examples, however, which will act as a clear guide and help to bridge the language gaps that contribute to misinterpretation.

Aseem Chawla and Sandeep Chilana of Amarchand & Mangaldas tell International Tax Review why India’s shift to a negative list of services should help clients with compliance and avoiding disputes, although there may be some drawbacks in the future.

Corporate tax reform in Australia was expected in 2011, but widespread change did not materialise and the issue looks set to continue in 2012 as the government seeks input on how the system should operate.