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  • Australia to reform CFC rules
    Australia's assistant treasurer has released for public comment a discussion paper that represents a further step towards reforming the country's controlled foreign company (CFC) rules.
    July 15 2010
  • tseng-tiny.jpg
    All change at KPMG
    Steven Tseng, China partner in charge and Asia Pacific leader for KPMG’s global transfer pricing services is moving to PricewaterhouseCoopers in China, at the same time as many new appointments are made in the US.
    July 15 2010
  • nick-sherry-tiny.jpg
    Australia to reform CFC rules
    Australia’s assistant treasurer has released for public comment a discussion paper that represents a further step towards reforming the country’s controlled foreign company (CFC) rules.
    July 15 2010
  • European Commission v United Kingdom and Northern Ireland
    The European Commission asked the court for a declaration that the UK is in breach of European law because it does not allow traders from outside the EU to recover input VAT on financial services and insurance transactions.
    July 14 2010
  • Bank levy consultation gets going
    The UK government launched a consultation period on the introduction of a bank levy with the publication of a document on the technical aspects of its design and implementation on July 13.
    July 14 2010
  • Philippines fight claims of breach of international trade rules
    The Dispute Settlement Body (DSB) of the WTO has established a panel to address complaints lodged against the Philippines' rules on excise taxes.
    July 14 2010
  • Anglo American signs ATO agreement
    Anglo American Australia last week signed an annual compliance arrangement with the tax authorities in relation to the company's goods and service tax obligations.
    July 14 2010
  • End of the line for Bluetooth SIG tax exemption
    The US Court of Appeals for the Ninth Circuit last week affirmed a District Court for the Western District of Washington ruling that Bluetooth Special Interest Group (SIG) is not entitled to exemption from taxation.
    July 14 2010
  • UK mediation plans move to pilot stage
    The first test cases using mediation to try to resolve UK tax disputes will begin this autumn.
    July 14 2010
  • VAT fraudsters ordered to pay £184.6 million
    UK tax authorities have made a strike against the serious problem of missing trader intra-Community (MTIC) scams with the largest-ever confiscation order in a VAT fraud case.
    July 14 2010
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