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Nélio Weiss Philippe Jeffrey A recent decision issued by the Brazilian taxpayer council, an administrative court, in connection with Brazilian controlled foreign corporation (CFC) rules, has taken many tax specialists by surprise by setting forth a new interpretation, which is unfavourable to taxpayers, in connection with said rules.

Ian Farmer The competitiveness of Australian business will be severely tested in this economic climate. Business taxation is overly reliant on corporate income tax and, as a result, Australian government revenues fluctuate strongly with corporate profitability. Globally, the Australian tax system is one of the world's most complex, with compliance costs estimated at about twice those in the US and Britain. The Australian tax system is characterised by a prolific number of taxes, with 56 business taxes imposed on Australian companies, 21 federal and 35 state and territory taxes.

Clemens Hasenauer Johannes Prinz Recent legislation and case law has brought about several changes in Austrian tax law.

Anthony Lister, UK tax director of Sodexho, tells Georgiana Head the UK should get rid of the exempt and zero rated distinction

Singapore has announced its second tax information agreement in a week.

The world is growing smaller and companies should put a single-transfer pricing focus on income tax, VAT/GST and customs duties to come out ahead, says Astrid Pieron and Charles-Albert Helleputte from the European Transfer Pricing Centre of Mayer Brown

Alison Last of Dorsey & Whitney explains why the First-Tier Tribunal's decision in the latest M&S hearing on the UK's group relief rules, does not provide certainty for every taxpayer with losses they want to surrender

As well as being the first major UK transfer pricing case, the DSG litigation offers taxpayers some valuable lessons on strategy and dispute resolution, argues Murray Clayson of Freshfields Bruckhaus Deringer

Automating VAT tax calculations reduces risk as more countries adopt VAT style taxes and look to them for increased revenue, explains Chris Walsh, chief international indirect tax officer of Vertex

Recent case law in India suggests that international taxpayers should review their permanent establishment risk periodically, believe Srinivasa Rao and Rajendra Nayak of Ernst & Young