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  • Bulgaria's VAT revenue fell by 38% in April compared to the same time last year, the country's ministry of finance has revealed
  • Poland's ministry of finance has strongly denied that the government is to increase the country's VAT rate.
  • Sixth VAT Directive; Second and fourth subparagraphs of Article 4(5); Option of member states to consider activities of bodies governed by public law exempted under Article 13 and Article 28 of the Sixth Directive as activities of public authorities; Rules governing exercise of that option; Right to deduct; Significant distortions of competition.
  • The Hong Kong Inland Revenue Department has released a highly anticipated guidance document on transfer pricing and profit allocation. Travis Benjamin and Glenn DeSouza of Baker & McKenzie discuss the development.
  • Oman is set to introduce transfer pricing rules in an effort to attract further investment to the country
  • Income Tax Assessment Act 1936 (Cth); s 97(1); share of the net income; trust estate; disparity between net income and distributable income; offshore superannuation fund; trust income; capital of the Trust Fund; The 2002 Tax Year;
  • The Australian government has proposed allowing certain managed investment trusts to apply capital gains tax (CGT) to apply to gains or losses from the disposal by a trust of shares, units and property.
  • Bankruptcy is a trying time for any company. For a business as large and as complex as Lehman Brothers, the process was and continues to be nothing short of traumatic. Working through the tax implications is a significant part of the work.
  • Recent case law in India suggests that international taxpayers should review their permanent establishment risk periodically. Find out more in the June issue of International Tax Review online now.
  • A preliminary ruling from the European Court of Justice has held that the transfer of insurance policies does not qualify as an insurance transaction and so should not be VAT exempt.