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  • US Outbound: President Obama releases deficit reduction plan
    President Obama has released his plan to cut the US federal deficit by more than $4 trillion over the next decade, in part by undertaking tax reforms that are projected to raise approximately $1.5 trillion over the next 10 years.
    November 09 2011
  • Poland: New documentation requirements for cross-border payments
    The amended CIT Act imposed new documentation requirements on payments of income to foreign entities that seek tax exemptions.
    November 09 2011
  • O’Melveny & Myers establishes Indonesian association
    O’Melveny & Myers has announced that a formal association has been established between itself and Indonesian firm Tumbuan & Partners. Joel Hogarth, a partner in O’Melveny & Myers (OMM) who is based in Singapore, will relocate to Jakarta to coordinate the association.
    November 09 2011
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    Indian court explains how to calculate tax holidays
    An Indian high court ruling has clarified one of the important issues surrounding tax holiday computation when a holiday period has ended.
    Jack Grocott, November 09 2011
  • FREE: New list of software and forms for UK tax returns
    HM Revenue and Customs has published the latest list of software and forms for corporation tax return filing purposes in the UK.
    November 09 2011
  • Advisers object to compulsory VAT registration for non-UK companies
    One of the leading international organisations of tax practitioners has come out against the UK government’s plan to require non-UK businesses to register for VAT.
    Ralph Cunningham, November 09 2011
  • amazon-logo.jpg
    Amazon under attack in Indiana as senators introduce internet sales tax bill
    Simon Property Group, America’s biggest shopping mall operator, is suing the Indiana Department of Revenue in an attempt to force the state to collect sales tax from the internet retailer.
    Jack Grocott, November 08 2011
  • Bulgaria: Migration to Bulgaria
    The effects of the economic recession felt in a particularly strong way in certain EU member states have resulted in migration of many foreign companies to Bulgaria. Being one of the countries in the EU with the lowest (10%) corporate tax rate, Bulgaria offers stable economic environment, as well as simple and cost-effective procedure for accommodating businessmen searching for tax optimisation of their investments.
    November 08 2011
  • iba-logo.jpg
    IBA 2011: What to look for in investment structures in high-growth countries
    The global trends section of the programme presented by the IBA Taxes Committee in Dubai last week explored emerging trends in investment structures for India, Russia, Cyprus, Singapore and China, and examined the similarities and differences that can be found in these high-growth jurisdictions.
    November 08 2011
  • Vietnam: New guidance on international bonds
    Recent guidance has been released, in the form of Circular No. 19/2011/TT-NHNN, specifying the process by which Vietnamese entities may issue international bonds, and the foreign exchange requirements arising from such issues. Corporate income tax and foreign contractor tax issues may arise as a result of international bonds issuances and more robust rules in this area may allow for new planning opportunities.
    November 08 2011
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