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controlled foreign corporations (CFC) News

Advertising Giant WPP To Return To UK

by Robert Lee,, 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,, 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,, 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


Australian Transfer Pricing Legislation Approved

by Mary Swire,, Hong Kong

Thursday, August 23, 2012

The Australian Senate has passed government legislation on the application of transfer pricing rules, designed to ensure that multinational companies pay their 'fair share' of tax. Read Full Story


French Dividend Tax To Encourage Reinvestment

by Ulrika Lomas,, Brussels

Thursday, June 21, 2012

In a bid to encourage companies to reinvest their profits rather than reward shareholders, the French government is planning to impose a new 3% tax on dividends this summer within the framework of a collective budget to be submitted to parliament in July. Read Full Story


India To Tax More Merger Deals

by Lorys Charalambous,, Cyprus

Monday, June 4, 2012

The Indian government has a list of corporate merger deals from which it hopes to claw back billions of dollars in back taxes with a proposed retrospective amendment to income tax law. Read Full Story


NZ Parliament Passes International Tax Amendments

by Mary Swire,, Hong Kong

Friday, May 4, 2012

The Taxation (International Investment and Remedial Matters) Bill, introduced in October 2010 to reform taxation on the gains of New Zealand residents from their investments in overseas entities, has passed its final stages in Parliament. Read Full Story


India Reassures US On Retrospective Tax Plans

by Mike Godfrey,, Washington

Tuesday, April 24, 2012

India's Finance Minister Shri Pranab Mukherjee has defended plans for retrospective tax legislation, telling the US Secretary of the Treasury that the proposals merely clarify the intent of current laws. Read Full Story


Vodafone Challenges Indian Tax Law

by Mary Swire,, Hong Kong

Monday, April 23, 2012

The ongoing tax dispute between India and Vodafone has erupted again, with the telecoms company now serving a Notice of Dispute against the government's controversial new retrospective tax legislation. Read Full Story


No New Taxes In Budget For Canadians

by Mike Godfrey,, Washington

Friday, March 30, 2012

The Canadian government has left tax rates on hold for another year in the 2012 Budget, announced by Finance Minister Jim Flaherty on March 29. Read Full Story



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