ITR Search | International Tax Review

Dutch Supreme Court refers questions to the ECJ on the scope of deemed supplies

Jeroen Bijl of PwC asks whether land should be included in the taxable amount.

October 20 2011

Exclusive: Tax can and must be used to tackle climate change, says Michael Jacobs

Michael Jacobs was former UK Prime Minister Gordon Brown’s special adviser on the environment and is now a visiting professor at the London School of Economics. In an exclusive interview with Salman Shaheen of International Tax Review, Jacobs discusses his time formulating environmental tax policy at 10 Downing Street, the role tax can play in tackling climate change and just what he thinks of the new government’s record.

Salman Shaheen, October 20 2011

INTERVIEW: IRS transfer pricing director will focus on enforcement

Sam Maruca, the new director of transfer pricing at the Internal Revenue Service (IRS) in the US, is now two months into his specially created role and tells TPWeek that his main focus is enforcement.

October 20 2011

Taxability of IP rights in India

Intellectual property (IP) is one of the most debated tax topics in India. The increased examination and monitoring of IP transactions has resulted is the problem of double taxation. Shivam Mehta and Kapil Sharma of Lakshmi Kumaran & Sridharan scrutinise the applicability of service tax on IP transactions and highlight the issues regarding multiple taxation of IP under various statutes prevailing in India.

October 19 2011

Tax exempt M&A may not be tax free

Business reorganisation and restructuring in M&A activity has become an important and necessary tool for business strategy in India. Daksha Baxi and Vinita Krishnan of Khaitan & Co investigate the challenges taxpayers will face in light new provisions of Section 56 of the Income Tax Act, 1961.

October 19 2011

Beneficial ownership grabs attention

Arun Chhabra and Nidhi Gupta of Walker, Chandiok & Co analyse the concept of beneficial ownership and discuss the implications, meaning, judicial precedents that are relevant to Indian taxpayers. The pair also dissect the recent OECD discussion paper on the topic.

October 19 2011

A round-up of the latest transfer pricing rulings

Vispi Patel and Rajesh Athavale of Vispi T Patel & Associates explain how recent judicial rulings throw light on different aspects of transfer pricing and offer guidelines to taxpayers on the way to mitigate transfer pricing risk in India.

October 19 2011

Concept of negative list for service tax introduced

The recently released concept paper on taxation of services based on the Ministry of Finance’s negative list concept has evoked mixed reactions from industry. This is an important development and while industry has lauded the move towards a comprehensive and simplified service tax regime, Harishanker Subramaniam of Ernst & Young explains that there are strong views on the timing of its implementation and its impact on certain sectors.

October 19 2011

Industry focus: Entertainment & media

In the third of a regular series, Sandeep Ladda and Milan Shah of PwC highlight the key challenges taxpayers face in key Indian industries. In this issue, the authors analyse the tax hurdles and opportunities in the entertainment and media sector.

October 19 2011

Redefining place of effective management

India’s domestic tax law follows residency-based taxation rather than source-based taxation. For an Indian tax resident, worldwide income is taxable in India. The residential status thus impacts the scope of income liable to be taxed in India. K Subramanian and S Anantha Padmanabhan of Deloitte analyse the challenges taxpayers will face once the place of effective management concept is introduced.

October 19 2011

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