ITR Search | International Tax Review

How goods and services tax works in India

The indirect tax reform process, which has been under way for sometime, will culminate in the introduction of a national goods and services tax in April 2010, explain S Madhavan and Sachin Menon of PricewaterhouseCoopers

September 30 2008

Clifford Chance boosts German tax practice

International law firm Clifford Chance has hired Marc Scheunemann as a partner in its Dusseldorf office. Scheunemann focuses on the tax structuring of acquisitions and investments in participations as well as inbound or outbound investment. He also has experience in the tax optimisation of company restructurings and tax issues related to corporate finance.

September 30 2008

King & Spalding loses three to Paul Hastings

International law firm Paul, Hastings, Janofsky & Walker has poached Robert Culbertson, Michael Caballero and Kurt Baca from King & Spalding. They have joined the firm's global tax practice in the Washington DC office.

September 30 2008

IRS publishes proposals on property transfers to foreign companies

Sean Foley The IRS has issued a broad package of proposed regulations (REG-209006-89) under sections 367, 1248 and 6038B. The proposed regulations affect US corporations that transfer property to foreign corporations in certain transactions, or that distribute the stock of certain foreign corporations, and certain shareholders of such domestic corporations.

September 30 2008

Swedish Ministry of Finance issues new proposal on certain intra-group transactions

Carl Pihlgren Sara Bolmstrand On June 23 2008 the Swedish tax agency submitted a proposal to the Swedish government with suggestions for limiting interest deductions on intercompany loans. The proposal was submitted to relevant parties for comment and on August 25 2008 the Swedish Ministry of Finance presented a revised proposal taking into consideration comments received.

September 30 2008

Foreign share incentive schemes for residents

Peter Dachs South African individuals and companies are restricted in respect of their ability to invest outside South Africa due to South Africa's exchange control rules. However, one of the ways in which individuals may make offshore investments is by means of an offshore share incentive scheme.

September 30 2008

A more attractive tax regime for impatriates

Nicolas Jacquot Approved by the French Parliament in July, the economic modernisation bill contains noticeable changes to the specific tax regime applicable to impatriates. It is another amendment to a regime put in place in 2004 and which has since been frequently modified. The aim of the provision is to make France more attractive for foreign workers.

September 30 2008

The VAT consequences of coming to Russia

Taxpayers need to be aware of the VAT implications when setting up operations in Russia, warn Natalia Cherepanova and Alexandra Konova of Ernst & Young

September 30 2008

Poland: VAT law is still not in line with Community legislation

The lack of experience of Polish politicians and the influence of old legislation have contributed to the non-compliance of Polish VAT law with EU rules, say Hubert Jàdrzyk and Mariusz Marecki of PricewaterhouseCoopers

September 30 2008

Editorial

Transfer pricing in Asia has stepped up a gear since 2007 as the tax authorities become more and more interested in how multinational companies are allocating profits to their different units around the region. China has unveiled a new corporate income tax law and is shortly to produce transfer pricing guidelines as part of that legislation. Malaysia has given the go-ahead to advance pricing agreements in its 2009 budget and the courts in India continue to hand down key transfer pricing judgements.

September 30 2008

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