Search results for

Indirect taxes levied on the transfer of real estate can sometimes make a real difference on the profitability of the transaction. In Spain, transfers of real estate may be subject to VAT in the case of entrepreneurial transactions (which is normally recoverable) or to non-recoverable transfer tax (6% or 7% depending on the Autonomous Community where the real estate is located) in the case of non-entrepreneurial transactions or where the transaction is VAT exempt (such as second transfers of real estate or the sale of rural land). Under certain circumstances, the VAT exemption can be waived so that recoverable VAT applies instead of unrecoverable transfer tax.

In March, leaders from the EU's 27 member states pledged to cut carbon emissions by 20% of their 1990 level by 2020. Many believe that such an ambitious target is unlikely to be reached without an EU-wide carbon tax. But Claire Jones finds out rules on taxation and political opposition present difficulties

S S Palwe and Jayesh Kariya of Deloitte Haskins & Sells, India outline some of the issues to consider when structuring an investment in the Indian real estate sector

Murray Clayson:

Sean Foley On April 2 2007, the Associate Chief Counsel (International) issued an advisory memorandum to the Office of Appeals addressing the commensurate with income (CWI) provision under Section 482 of the Internal Revenue Code. Although the advisory memorandum is not binding on the IRS or the taxpayer, it reveals the IRS's thinking on CWI.

The Taiwan Ministry of Finance (MOF) has released its official view regarding tax treatments on M&A transactions involving share swaps and the redemption of preference shares in a specified date.

In India's robust economy, revenue authorities are fighting for their fair share of profit margins with increased vigour, say Vispi Patel and Sanjay Tolia of PricewaterhouseCoopers

Vijay Iyer of Ernst & Young highlights the benefits of good cross-border structuring

British corporate and individual taxpayers that have money in overseas bank accounts outside the UK should take advantage of the chance to normalise their affairs, believes Andrew Watt of Chiltern

The input of senior officials from the US, UK and German governments, the European Commission and a former US assistant secretary for tax policy ensured that the government panel at the annual ABA/IBA tax planning strategies meeting in Frankfurt on April 19 and 20 would be a lively one.