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Communications News

Indian Tribunal Rejects CUP Evidence

by Mary Swire,, Hong Kong

Friday, February 21, 2014

In its December 20, 2013, ruling, the Mumbai Income Tax Appellate Tribunal took a restrictive approach to the Comparable Uncontrolled Price method in a case involving international broadcasting rights acquired by Nimbus Communication Ltd, one of the leading media and entertainment businesses in India. Read Full Story


Repeal Carbon Tax, Australian Industry Tells Senate

by Mary Swire,, Hong Kong

Monday, December 16, 2013

The Australian Senate has been urged to "spare business and households additional cost and uncertainty," and scrap the carbon tax. Read Full Story


First Aircraft Finance Lease To Use Shanghai FTZ's Tax Benefits

by Mary Swire,, Hong Kong

Monday, November 4, 2013

Bank of Communications Finance Leasing Co. Ltd., a wholly-owned subsidiary of China's Bank of Communications Co. Ltd., has announced that it has completed the first aircraft finance leasing transaction in the newly-established Shanghai free trade zone. Read Full Story


Vodafone Clarifies Tax Status Of Verizon Deal

by Robert Lee,, London

Thursday, September 5, 2013

"The UK is not a relevant jurisdiction for tax purposes" in Vodafone's sale of its stake in Verizon, "given the locations of the buyer and seller," the telecoms giant has said. Read Full Story


Turks And Caicos Scraps GST Proposal

by Jason Gorringe,, London

Wednesday, September 4, 2013

The UK Government has confirmed that its overseas territory, the Turks and Caicos Islands has abandoned plans for the introduction of a General Services Tax, which had been drawn up in lieu of the implementation of a value-added tax. Having discarded both a VAT, and the narrower GST, local authorities now intend to boost the tax-take by expanding the existing tax base. Read Full Story


Obama Eyes Cell Phone Tax Without Involving Congress

by Mike Godfrey,, Washington

Monday, August 19, 2013

In order to boost ConnectED, his plan to place high-speed internet connections into United States schools, President Barack Obama is proposing that the Federal Communications Commission should place an additional annual fee on each cell phone user, thereby by-passing the need for Congressional approval. Read Full Story



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