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controlled foreign corporations (CFC) News




Vodafone, India To Talk Tax

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, January 15, 2013

Representatives of the Indian tax authorities are set to meet with with telecoms giant Vodafone this week in an effort to resolve their long running tax dispute. Read Full Story

 


Vodafone Handed Indian Tax Bill Reminder

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, January 8, 2013

Telecoms giant Vodafone has confirmed that it has received a "reminder" from the Indian tax authorities relating to a back tax bill that was thought to have been settled by a court ruling earlier this year, a sign that the dispute over its 2007 acquisition of Hutchinson Essar is unlikely to end soon. Read Full Story

 


New Zealand Tax Measures Receive Royal Assent

by Mary Swire, Tax-News.com, Hong Kong

Friday, November 9, 2012

A series of New Zealand tax reforms have received Royal Assent, paving the way for changes to data administration, tax compliance and withholding taxes. Read Full Story

 


Germany, UK Seek 'Strengthened' International Tax Standards

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, November 8, 2012

During the latest G20 meeting in Mexico, UK Chancellor of the Exchequer George Osborne and German Finance Minister Wolfgang Schäuble underlined the need for international action to strengthen tax standards. Read Full Story

 


Tax Case Prompts Review Of India's Investment Agreements

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, November 7, 2012

The government of India is delaying entering into talks on foreign investment protection with other countries, due to Vodafone’s plans to launch international arbitration proceedings over the country’s intention to tax the company retrospectively. Read Full Story

 


PepsiCo Wins US Debt-vs-Equity Dispute In Tax Court

by Leroy Baker, Tax-News.com, New York

Friday, September 28, 2012

PepsiCo Inc has obtained a United States Tax Court judgment against the Internal Revenue Service, which had claimed the firm owed it some USD363m in unpaid tax relating to its investments in subsidiaries in the Netherlands. Read Full Story

 


Panama Introduces Key Change To Transfer Pricing Rules

by Mike Godfrey, Tax-News.com, Washington

Thursday, September 6, 2012

Panama has adopted a legislative amendment that introduces transfer pricing rules on transactions with foreign related parties irrespective of whether one of the parties is tax resident in a country that holds a convention for the avoidance of double taxation with Panama. Read Full Story

 


Advertising Giant WPP To Return To UK

by Robert Lee, Tax-News.com, London

Tuesday, September 4, 2012

Advertising giant WPP is to move its headquarters back to the UK following changes to the taxation of foreign profits. Read Full Story

 


New Report Reveals Transfer Pricing Trends

by Robert Lee, Tax-News.com, London

Friday, August 31, 2012

Japan, Canada, India, Germany and the UK have the highest number of pending transfer pricing reviews, according to a new survey from Ernst and Young which tracks key global trends. Read Full Story

 


UK Committee Makes International Tax Recommendations

by Robert Lee, Tax-News.com, London

Wednesday, August 29, 2012

The UK's international aid programme should focus on supporting tax authorities abroad, a new report has urged, with its authors also warning that the government should analyze the impact of its new tax rules on developing countries as a matter of urgency. Read Full Story

 

 

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