Posts by admin

Czech Republic- Andorra TIEA enters into force

June 3, 2014

The Czech Republic -Andorra Exchange of Information Agreement (2013) will enter into force on June 5, 2014. The agreement normally...

India: Income-tax Appellate Tribunal found that no adjustment given taxpayer’s minimal risks, limited functions 

June 3, 2014

Recently, in the case of Marubeni Corp., Japan (ITA No: 5397/Del/2012) The Delhi Bench of the Income-tax Appellate Tribunal held that,...

Mexico-UAE: Income Tax Treaty ratified by Mexico

June 3, 2014

Mexico has ratified the income tax treaty between Mexico and the United Arab Emirates on May 26, 2014 which was...

The Retailer’s tax claims has been rejected by the UK Tribunal

June 2, 2014

It was welcomed by the HM Revenue and Customs (HMRC) the dismissal of a multi-million pound tax allowance claimed by...

UK: RTI meets tax credits

June 2, 2014

The Real Time Information (RTI) reporting is showing employed claimants’ earnings of the renewals notices sent to tax credits claimants....

Greece’s Prime Minister has promised to slash taxes

June 2, 2014

It has been promised by the Greece’s Prime Minister, Antonis Samaras to cut taxes “everywhere” to substantiate the Government’s goal...

New Russian CFC and anti-avoidance legislation

June 2, 2014

The amended draft law regarding controlled foreign companies and other anti-offshore measures has done most valuable changes in the field...

Canada -Australia ITT regarding income of employee on a short-term secondment

June 2, 2014

The Australian Taxation Office has published Interpretative Decision ATO ID 2014/20 on May 30, 2014 regarding the income of a...

Canada follows suit with US and excludes references to OECD in TP request

June 2, 2014

Canada has adopted similar position to the US and has excluded references to the OECD’s three-tier documentation in favour of...

US: Poor Policy for IRS Tax Enforcement-TIGTA

June 2, 2014

The Treasury Inspector General for Tax Administration (TIGTA) recently released a report on actions taken by the United States Internal...

Czech Republic: Small business supports income tax plans of government

June 2, 2014

Small businesses in the Czech Republic have said that they allow Government plans to change the Income Tax Act as...

Denmark: Government announces several tax measures

June 1, 2014

The government published its Growth Plan for 2014 which aims at firming the competitive position of Denmark. Following tax measures...

Venezuela – Palestine: DTA sign

May 26, 2014

Venezuela and Palestine signed a double taxation agreement (DTA) on May 17, 2014. No further details of the agreement are...

US: Taxpayers Giving Up US Passports As FATCA Approaches

May 26, 2014

The FATCA may be causing some taxpayers to give up their US citizenship. According to statistics issued by the US...

US: Study Moves to Curb State Corporate Tax Incentives

May 26, 2014

The Council on Foreign Relations (CFR) in the US has recently published a memorandum that looks at the tax relief...

US: IRS Releases Transfer Pricing Audit Roadmap

May 26, 2014

On 14 February 2014 a Transfer Pricing Audit Roadmap was issued by the Large Business and International (LB&I) division of...

US: BEPS to Compound Global Tax Risks

May 26, 2014

Enterprises are expecting that tax risks are likely to increase more in the coming years, according to a survey of...

US Taxpayers Not Sensitive To State Income Tax Rates

May 26, 2014

The US Center on Budget and Policy Priorities has put together a report indicating that people relocating within the US...