ITR Search | International Tax Review

President Correa cuts corporate tax rate in Ecuador

President Correa hopes the tax cut will stabilise Ecuador's economy Source: Agencia Brasil Ecuador's president Rafael Correa agreed to a government proposal on August 31 2010 that would cut the corporate income tax rate by three percentage points in an effort to bolster what tax lawyers say is a see-sawing economy.

September 30 2010

Tobin tax divides Ecofin

By Salman Shaheen

September 30 2010

Top CRA specialist moves to private practice

Gowlings – Taxand has hired a leading Canada Revenue Agency official to work in its Ottawa office. Jim Wilson leaves the CRA after 30 years. His last role was as treaty expert in the technical competent authority group.

September 30 2010

Baker & McKenzie hires new Australian partner

Dixon Hearder joined from Corrs Chambers Westgarth, where he was Sydney group tax leader. He has developed a transfer pricing practice in recent years, though his main experience has been in stamp duty including advising on property development, funds management, structured and project finance, infrastructure projects, as well as M&A and corporate restructures. He also advises on a wide range of GST issues.

September 30 2010

President Obama signs new international tax provisions into law

Sean Foley Landon McGrew On August 10 2010, President Obama signed into law the Education Jobs and Medicaid Assistance Act, which includes a $10 billion package of international tax provisions as revenue offsets. The largest revenue offsets included in the Act relate to changes to the foreign tax credit rules. Some of the more significant provisions are discussed below.

September 30 2010

Jobs bill (HR 1586) passes with international offsets

Edward Tanenbaum Tola Ozim On August 11 2010, President Obama signed into law the Education Jobs and Medicaid Assistance Act of 2010 (the Act). Most of the provisions will apply to taxable years beginning after December 31 2010. The remaining provisions will apply after the date of the enactment of the legislation.

September 30 2010

Swedish ruling emphasises case-by-case analysis of market interest rates

Roger Persson Osterman Karolina Moran On June 28 2010 the Swedish Supreme Administrative Court ruled in favour of the Swedish Tax Agency in a case (case no 2483-2485-09, Diligentia AB) concerning market interest rates on an inter-company loan between a Swedish parent company (the lender) and a Swedish subsidiary (the borrower).

September 30 2010

Software: to be or not to be a literary work

Álvaro de la Cueva Software has always been a source of arguments between Spanish taxpayers and tax authorities. In the nineties, the main arguments arose out of Spain's tax treaties with the US and Ireland, which both contain a provision establishing different maximum rates for different royalties: literary works (5%), scientific or cinematographic works (8%) or other royalties (10%).

September 30 2010

Supreme Court rules on turnkey contracts

India's Supreme Court has ruled that goods imported for supply under a turnkey contract are not liable for tax.

September 29 2010

New winner at Americas Tax Awards

Davis Polk & Wardwell won the award for North America tax firm of the year for the first time at International Tax Review's fifth annual Americas Awards in New York on September 29. PricewaterhouseCoopers won the award for Latin America tax firm of the year.

Ralph Cunningham, September 29 2010

Search results for