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  • Switzerland provides an advantageous environment for holdings and headquarters. Sébastien Maury and Stefan Kuhn of KPMG outline some of the recent and contemplated amendments of the Swiss tax law which will improve Switzerland as a holding location for international investors
  • Nick Farr of Grant Thornton UK believes Britain has a favourable holding company regime, though he warns that taxpayers must remember to structure carefully to avoid being caught by anti-avoidance provisions
  • The case of Symantec Software Solutions Pvt Ltd, heard before the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), provides a ruling with implications for the application of transfer pricing provisions in India, which continue to differ from global best practice.
  • Since the end of the financial crisis, international groups have been revisiting their corporate and tax structures to adapt to the economy and tax climate. In this context, Luxembourg has maintained attractive measures for holding companies and remains a useful platform for investments, not only because of its tax rules, but also for reasons beyond its tax regime, explains Louis Thomas of KPMG Luxembourg
  • Besides the well known features of the long-standing Belgian holding regime, holding companies can also benefit from some other attractive attributes of the tax system there, explain Paul Op de Beeck and Luc Van Walleghem of KPMG Tax and Legal Advisers
  • The aim of an equitable capital markets tax regime, just like with any other set of tax rules, is to provide investors and institutions with certainty about the tax treatment of any transaction while making sure that the correct amount of tax is paid.
  • Newer products and newer technology being used by the players in Indian capital markets have significant tax implications which investors must be aware of, believes Sunil Gidwani of PwC
  • RWE, the German public utility company, filed a suit on June 21 in a Munich tax court against the German government objecting to the country’s nuclear fuel levy.
  • Ulrich Ammelung of PwC highlights the challenges the German government faced when implementing its own bank levy and outlines how banks operating in numerous European locations with bank levies will seek opportunities to avoid double taxation while at the same time complying with the new rules.
  • The Treasury today opened a consultation on rules for controlled foreign companies (CFCs) as part of the government’s aim to improve the UK’s competitiveness without harming the tax base.