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Austria Lowers Business Taxes in Federal Budget

May 11, 2014

The Austrian budget for 2014 aims to decrease the labor costs incurred by business and has also proposed the abolition...

Transfer Pricing Brief: April 2014

May 7, 2014

Australia Tax assessment-The taxpayer should have a “reasonably argued position” on all transfer pricing issues to support the self-assessment return.Transfer...

United States: ADD/CVD Roundup for April 2014

May 7, 2014

Following table shows the Federal Register notices related to ADD/CVD cases for April 2014 in United States. Country Product Investigations Case Number Links...

PGA Highlights: April 2014

May 6, 2014

In United States, The following events have been taken place under the several PGA during the month of April 2014. Agencies...

Automatic exchange of tax information between G5 and partners will begin in 2017

April 30, 2014

The finance ministers of the five largest economies of Europe committed last year to arrange for the automatic exchange of...

US: Notice 2014-32 announces amendments to recently finalized Section 367(b) regulations applying to certain cross-border triangular reorganizations

April 30, 2014

The US Treasury Department and US Internal Revenue Service have issued Notice 2014-32 revising the final regulations on certain cross-border triangular reorganizations....

Sweden – Intergovernmental agreement under FATCA

April 30, 2014

The US and Sweden have reached substantial agreement on the content of an intergovernmental agreement (IGA) in relation to the...

Mexico – VAT certification by maquiladoras

April 30, 2014

The maquiladora regime provides some favorable tax provisions but caution is needed with administrative procedures in respect of VAT. As...

France and Germany- Businesses Warn Against EU FTT

April 30, 2014

Representatives of businesses throughout France and Germany have expressed their strong reservations about the planned financial transactions tax (FTT) currently...

US and Hong Kong- tax information exchange agreement (TIEA)

April 30, 2014

On April 25 2014 Hong Kong gazetted the tax information exchange agreement (TIEA) with the United States. The agreement will...

France: Unveils Medium Term Tax Strategy

April 30, 2014

France’s medium-term economic plan, included in the 2014-2017 Stability Program, involves measures that will help France to reach its public...

EU – UK challenge to financial transaction tax rejected

April 30, 2014

The Court of Justice of the European Union (CJEU) has rejected a legal action by the UK challenging the legality...

Singapore – GST rules affecting funds management industry

April 29, 2014

The Inland Revenue Authority of Singapore (IRAS) and the Monetary Authority of Singapore have finalized a set of rules relating...

Singapore – Finding of tax avoidance arrangement upheld on appeal

April 29, 2014

In Singapore a decision of the High Court on a tax avoidance arrangement has been upheld by the Court of...

Mexico – Transfer pricing implications of pro-rata expense decision

April 29, 2014

A recent decision from Mexico’s Supreme Court of Justice declared a provision of the tax law to be unconstitutional. The...

Luxembourg: Adopts 2014 Budget

April 29, 2014

Luxembourg’s 2014 Budget has been adopted by the Chamber of Deputies. The debate in parliament was concerned with the Luxembourg...

Italy: Small businesses consider tax cut to be insufficient

April 29, 2014

In Italy the association representing small and medium-sized enterprises, has suggested that the government’s plan to  reduce the regional tax...

Turkey: threatens 38% VAT on Twitter ads

April 28, 2014

Turkey’s Finance Ministry suggests that VAT on domestic advertising should be doubled from 18% to 36%. This would recover some local...