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  • The European Court of Justice decided today (April 10) that the UK tax authorities must pay Marks & Spencer (M&S) a full refund of £3.5 million for the excess VAT it paid on teacakes for more than 20 years
  • Taxation – Sixth VAT Directive – Exemption with refund of tax paid at the preceding stage – Erroneous taxation at the standard rate – Right to zero rate – Entitlement to refund – Direct effect – General principles of Community law – Unjust enrichment.
  • KR Girish, of TP Week correspondent KPMG in India, explains why the Indian government's position fails to comply with international standards
  • Jonathan Lubick, of Ballentine Barbera, and Henriette Fuchs, of Tadmor Attorneys, in Tel Aviv, describe the documentation evironment in Israel
  • Three tax professionals joined the partnership at BMR Advisors on April 1. Malini Mallikarjun specialises in a range of indirect taxes including service tax, value added tax, sales tax and customs regulations. Russell Gaitonde is a specialist in direct tax in the financial services industry. Amod Khare's practice focuses on direct corporate and international tax.
  • The ninth annual IRS report on advanced pricing agreements(APAs) shows a noticeable drop in the number of unilateral APAs concluded in 2007 compared to 2006
  • The taxpayer has won the first ever transfer pricing case to go before a tribunal in Australia
  • Jean-Luc Fisch has become a partner of Allen & Overy in Luxembourg. He advises on the tax and corporate issues to do with M&A, private equity funds, international reorganisations, structured finance, international real estate investments, joint ventures, securitisation and capital markets issues, as well as cross-border employee incentives.
  • The French tax authority has issued a consultation paper to elicit taxpayers' views on proposed changes to its regime for transfer pricing documentation
  • The Confederation of British Industry (CBI) claims that UK companies will pay £4.2 billion ($8.3 billion) more in tax over the next three years because of the abolition of tax incentives such as plant and machinery investment allowances and empty property relief.