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France wants to tax internet advertising

French president Nicolas Sarkozy has announced his government's intention to introduce a tax that will affect some of the biggest internet companies by taxing internet advertising.

January 12 2010
Singapore's amended tax law will affect multinationals

The Singapore government has introduced key amendments to the country's tax law that will have an impact on multinational companies.

January 12 2010
Canada to participate in OECD tax information exchange programme

Canada has volunteered to participate in an information exchange program as part of the OECD's Global Forum on Transparency and Exchange of Information.

January 12 2010
Change in Italian VAT rules threaten havoc for businesses

Draft legislation would mean significant delays for companies claiming VAT refunds, say advisers.

January 12 2010
Philippines exempts organisation from corporate tax

The Philippines government wants to exempt one organisation from corporation tax on the grounds that it is government owned.

January 12 2010
Obama hands out $2.3 billion in tax credits

US President Barack Obama has unveiled billions of dollars in tax credits for clean energy companies.

January 12 2010
Taiwan offers tax breaks on cultural activities

The Taiwanese government last week introduced tax incentives for companies engaged in cultural and creative industries.

January 12 2010
Controversy over rules and leasing agreements in Brazil

The application of the transfer pricing rules in Brazil in relation to leasing agreements executed between related parties in Brazil and abroad is a controversial issue.

January 12 2010
Mumbai tribunal rules on applicability of methods to determine ALP

In a recent ruling in the case of Gharda Chemicals Limited, interesting questions were raised before the Mumbai Bench of the Income-tax Appellate Tribunal (ITAT), the second appellate and the last fact finding authority in Indian judiciary.

January 12 2010
Swiss regulator violates state of emergency laws

A Swiss court has ruled that the Swiss Financial Market Supervisory Authority (Finma) exceeded its authority when it demanded that UBS AG disclose information regarding the bank's clients that were US taxpayers to US authorities.

January 08 2010

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