ITR Search | International Tax Review

Point of taxation rules are a paradigm shift to tax services

With the introduction of GST in the offing, the government has been gradually taking steps to achieve its renewed target of transitioning into the new indirect tax regime by April, 2012. Rajeev Dimri of BMR Advisors - Taxand looks at the latest step, the introduction of the Point of Taxation Rules, 2011 (POTR).

October 13 2011

Commission proposal on Energy Tax Directive strengthens fiscal sovereignty for EU member states

Jacqueline Cottrell of Green Budget Europe takes a look at the European Commission’s proposal to revise the Energy Tax Directive and why it could actually bolster member states’ fiscal sovereignty.

October 13 2011

Australian MPs give carbon tax green light

Australian members of Parliament have passed the carbon tax bill through the lower house of Parliament, meaning the only stage left before implementation now is approval from the senate.

Matthew Gilleard, October 13 2011

Russian IKEA court ruling branded “stupid decision”

A decision from a Russian court involving the taxation of capital expenditure has been described as “on top of the list of the most stupid court decisions” of the year.

Matthew Gilleard, October 12 2011

VAT could be coming to the Gulf Cooperation Council

The UAE is working on plans to introduce a 5% VAT in conjunction with other members of the Gulf Cooperation Council, Younis Haji Al Khouri, undersecretary at the UAE's Finance Ministry, has said.

Reuben Bard-Rosenberg, October 12 2011

Vodafone SC hearing: Week 10

Ten weeks after the case began, the hearing ended with Chief Justice Kapadia briefly toy with idea of referring the case to a larger bench to reconcile the conflicting principles laid down in McDowell and Azadi Bachao.

Jack Grocott, October 12 2011

Mutual agreement procedures as means to solve disputes in Mexico

Mutual agreement procedures may be an effective way of resolving tax disputes in Mexico, but taxpayers should be aware that domestic strategies are also available.

October 12 2011

Calls grow for Hartnett to quit as Goldman interest alleged to be double reported figure

Jesse Norman, a member of the UK Treasury Select Committee, has called for Dave Hartnett, HM Revenue & Customs’ permanent secretary, to resign over a tax settlement with Goldman Sachs.

Salman Shaheen, October 12 2011

Freight, insurance and import duties: How taxpayer triumphed against authorities

A recent decision on importation from the Brazilian administrative courts reopened a transfer pricing question that appeared to be definitively settled in favour of the Brazilian Federal Revenue (RFB). Gil Mendes, and Daniel Perin, of Ernst & Young analyse how a taxpayer became the first to prevail over the authorities on the issue.

October 11 2011

How developing countries should tackle trade mispricing

The Task Force on Financial Integrity & Economic Development’s annual conference in Paris discussed the problems of trade mispricing, or transfer pricing abuse, and looked at how to combat it.

October 11 2011

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