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New Chicago Tax Club president begins term

George Kyroudis, senior tax director of Playboy Enterprises in Chicago, commenced his one-year term of presidency of the The Chicago Tax Club on December 3 2010. Kyroudis succeeds 2010 president Ed Cuneen, senior tax manager of Sara Lee in Chicago.

December 08 2010

SABMiller accused of using transfer pricing abuses in developing countries

ActionAid, the UK-based development agency, has accused SABMiller, a multinational brewing and bottling company, of using transfer pricing to lower its tax bills in developing countries.

December 08 2010

Canada prepares to implement arbitration

The US-Canada arbitration provisions represent a turning point in cross-border transfer pricing negotiations between the two trading partners.

December 08 2010

Vietnamese tax haven list means anti-abuse rules are “not far off”

The Vietnamese government has released a list of jurisdictions that it considers to be tax havens. The list includes the British Virgin Islands (BVI), as well as Bosnia-Herzegovina, UAE, Lithuania, Albania and a number of other countries.

December 08 2010

Indian tribunal favours taxpayer over arm’s length payment of royalty for technical services

The Delhi Income Tax Appellate Tribunal upheld, in the case of Abhishek Auto Industries, the company’s arm’s-length justification of the payment of a royalty fee for technical know-how and assistance to a manufacturing entity.

December 08 2010

Lady & Kid A/S, Direct Nyt ApS, A/S Harald Nyborg Isenkram- og Sportsforretning, KID-Holding A/S v Skatteministeriet

the principles of Community law governing unjust enrichment – Refusal to reimburse a national tax held to be incompatible with Community law, on grounds of unjust enrichment arising from the direct link between the introduction of the unlawful tax and the abolition of other taxes charged on another basis – the position of product importers against purchasers of similar domestic products, who had less of the unlawful tax to pay

December 07 2010

Tax protesters vow to continue action, despite new anti-avoidance measures

UK Uncut’s protests, which occupied Vodafone and Topshop stores across Britain last weekend, are set to continue despite the government’s new measures to tackle tax avoidance.

Salman Shaheen, December 07 2010

Canadian court rules that taxpayer need not collect GST on payments from credit card company

The Tax Court of Canada has ruled in favour of the taxpayer in a case dealing with the application of the goods and services tax (GST) to payments made under a credit card agreement.

December 07 2010

Policy options create double taxation risk for financial services

The three main options under discussion in Europe for taxing the financial sector create a risk of double taxation, a panel of tax specialists has said.

December 07 2010

US Tax Court judge appointed for another term

President Barack Obama has nominated Judge Maurice Foley for another term on the US Tax Court.

December 07 2010

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