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Just two weeks before a decision in Vodafone’s long-running Indian battle is released, the Authority for Advance Rulings has ruled that the indirect transfer of Indian assets is taxable.

Jeffrey Owens The OECD’s Jeffrey Owens expects to see continued stability in the tax revenues of member countries for 2011 and 2012.

Groups with interest in China should begin planning now to gain the maximum benefit from the new double tax treaty between China and the UK.

After last month’s Asia Tax Executives’ Forum in Singapore, International Tax Review investigates the real issues Asian tax directors face on a daily basis as they experience greater scrutiny from authorities while at the same time finding their work being placed higher on their board’s agenda.

A lack of information reporting on many cross-border transactions is a substantial challenge for the Internal Revenue Service (IRS) in the US, says a report from one of the Service’s watchdogs.

Chinapat Visuttipat To encourage inbound investment and to support the full entry into the Association of Southeast Asian nations Economic Community (AEC) in 2015, the Thai Cabinet, in its meeting of October 2011, resolved to revise the a number of corporate tax rates.

Edward Tanenbaum Tola Ozim On September 23, President Obama released draft legislation for economic growth and deficit reduction. Provisions that could increase taxes on multinational corporations are an important part of the plan. The plan includes the following international tax proposals:

Diego Rodríguez Spain has concluded 83 tax treaties. There are 12 more tax treaties that have already been initialled or are awaiting parliamentary approval: Armenia, Azerbaijan, Belarus, the Dominican Republic, Hong Kong, Kuwait, Namibia, Nigeria, Peru, Senegal, Singapore and Syria.

A monthly commentary on the notable facts, figures and goings-on in the tax world. Suitable items should be sent to taxrelief@euromoneyplc.com

Janne Juusela In October 2011, major Finnish trade unions and employers’ organisations agreed on the conditions of a new framework agreement. To support the tendencies of both parties, the Finnish government made suggestions regarding amendments in corporate and individual taxation. The intention of the government was both to support the competitiveness of the Finnish industry and to improve employment and purchasing power. The suggestions were made in addition to the recent government’s Bill relating to the budget for 2012, suggesting several changes in different tax areas.