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Pension funds benefit from change in treatment

The UK Treasury has issued draft regulations that will change the tax treatment of investments by UK authorised funds in non-reporting offshore funds.

January 29 2010
IRS announces new rules for reporting uncertain tax positions

Doug Shulman, commissioner of the US Internal Revenue Service (IRS), announced changes to reporting requirements for companies' uncertain tax positions at a speech before the New York State Bar Association Taxation section on January 26.

January 29 2010
UK government to introduce tax relief for oil and gas industry

Oil and gas companies operating in the most difficult to exploit areas of the UK are to receive tax incentives, the government has revealed.

January 29 2010
Support grows for Supreme Court hearing in Textron

If the US Supreme Court declines to hear US v Textron about the disclosure of tax accrual work papers, it will not be for lack of interest.

January 29 2010
Deals of the month

International Tax Review's monthly round up of the biggest deals and transactions.

January 29 2010
India's dispute resolution panel is not mandatory

The Indian government has finally confirmed that the country's new dispute resolution panel is not mandatory, contrary to what taxpayers were led to believe.

January 29 2010
Canadian APAs grow but so does time for resolving cases

The Canada Revenue Agency (CRA) has increased the number of cases accepted in its advance pricing agreement (APA) programme, but the average time for closing cases has also risen.

January 28 2010
Brazilian incentives come under pressure

The Brazilian government has discussed withdrawing some corporate tax incentives in a bid to stop a decline in tax receipts, but has postponed any decision on the matter indefinitely.

January 28 2010
OECD event hears UK commitment to transparency

Delegates at the first OECD Tax & Development conference heard the UK government promise yesterday to take action to enhance international tax transparency and to develop information exchange between developed and developing countries.

January 28 2010
UK CFC discussion document well received

Taxpayers and advisers believe the discussion document on controlled foreign companies reflects a genuine attempt by the UK tax authorities to respond to their concerns.

January 28 2010

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