Italy Says Google To Pay EUR306m To Settle Tax Disputes

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 5, 2017

Days after it emerged that Italian tax agencies were pursuing online retail giant Amazon for taxes worth EUR130m (USD142m), it was revealed that Google will pay a EUR306m (USD335m) tax settlement. Read Full Story

Hong Kong Could Adopt VAT To Fund Broader Tax Cuts: Report

by Mary Swire Tax-News.com, Hong Kong

Thursday, November 17, 2016

CPA Australia has released a survey showing that Hong Kong's simple and low-rate tax code continues to underpin the territory's global competitiveness, but that it faces stronger international tax competition. Read Full Story

Hong Kong Implements Treasury Center Tax Incentives

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

Monday, June 6, 2016

On June 3, the Hong Kong Government gazetted the Inland Revenue (Amendment) (No. 2) Ordinance 2016, which enables the deduction of interest payable on money borrowed by a corporation carrying on an intra-group financing business in Hong Kong, and introduces a concessionary 8.25 percent profits tax rate for qualifying corporate treasury centers. Read Full Story

IHS Agrees Inversion To UK

by Mike Godfrey, Tax-News.com, Washington

Wednesday, March 23, 2016

The information services providers, Colorado-based IHS Inc. and London-based Markit Ltd, have agreed to merge, in what is widely being seen as another "tax inversion" transaction. Read Full Story

SARS Issues Guide On Headquarter Company Taxation

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, February 23, 2016

The South African Revenue Service has issued an interpretation note that provides guidance on the application of the Income Tax Act to headquarter companies. Read Full Story

SARS Issues Foreign Dividend Taxation Guide

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, February 15, 2016

The South African Revenue Service has issued a draft interpretation note to provide guidance on the interpretation and application of various provisions of the country's Income Tax Act relating to foreign dividends. Read Full Story

Pfizer, Allergan Proposed Merger May Be An 'Inversion'

by Mike Godfrey, Tax-News.com, Washington

Monday, November 2, 2015

Two of the world's largest pharmaceutical companies, US-based Pfizer Inc. and Ireland-based Allergan Plc, have disclosed they are in merger talks to form what could be the largest-ever US corporate tax inversion, with a probable value of more than USD100bn. Read Full Story

Hong Kong Welcomes Growth In Foreign-Owned Firms

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

Tuesday, October 27, 2015

As at June 1, 2015, the number of business operations in Hong Kong with parent companies overseas and in Mainland China had reached an all-time high of 7,904, up 4.2 percent on last year. Read Full Story

Monsanto Pursuing Inversion With Syngenta

by Mike Godfrey, Tax-News.com, Washington

Wednesday, June 10, 2015

Letters released by its target on June 8 confirmed that US agricultural seeds, biotechnology, and chemicals company Monsanto would move its corporate headquarters overseas under a proposed merger with Switzerland-based Syngenta AG. Read Full Story

UK Firms, Economy Burdened By High Tax Rates

by Jason Gorringe, Tax-News.com, London

Tuesday, April 21, 2015

The UK is inhibiting its economy with a tax burden 18 percent heavier than the global average and should consider setting a specific target for lowering the overall tax take, according to research by accountants UHY Hacker Young. Read Full Story

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