court News

ECJ AG Urges Ruling Against Belgian 'Excess Profit' Ruling System
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, December 10, 2020
European Court of Justice (ECJ) Advocate General Juliane Kokott has opined that the Commission was right to consider that the Belgian practice of making downward adjustments to profits of undertakings forming part of multinational groups, under the "excess profit" ruling scheme, constituted an aid scheme. Read Full Story

UK Issues Final Loan Charge Guidance
by Jason Gorringe, Tax-News.com, London
Friday, August 21, 2020
The UK tax authority has published final guidance on the Loan Charge regime, following the enactment of amendments in the UK Finance Bill 2019-21. Read Full Story

EU General Court Quashes Decision Against Apple Tax Rulings
by Jason Gorringe, Tax-News.com, London
Friday, July 17, 2020
Apple and the Irish Government have been successful in having overturned a European Commission decision that two tax rulings granted to the company by the Irish Government were unlawful. Read Full Story

More US States To Tax Remote Sales From October
by Mike Godfrey, Tax-News.com Washington
Friday, September 27, 2019
Many US states will begin to impose sales and use tax obligations on remote sellers and marketplace facilitators from October 1, 2019, largely in response to the United States Supreme Court's landmark decision in the Wayfair case. Read Full Story

IRS Offers Settlement Scheme To Micro-Captives
by Mike Godfrey, Tax-News.com Washington
Friday, September 20, 2019
On September 16, 2019, the United States Internal Revenue Service announced the mailing of a time-limited settlement offer for certain taxpayers under audit who participated in abusive micro-captive insurance transactions. Read Full Story

Glencore Wins AUD92m Transfer Pricing Case In Australia
by Mary Swire, Tax-News.com, Hong Kong
Thursday, September 5, 2019
Australia's Federal Court issued a decision in favor of mining company Glencore on September 3, 2019. The case centered on whether dealings between Swiss parent Glencore International AG and an Australian subsidiary breached transfer pricing rules in relation to the sale and purchase of copper concentrate in the 2007-09 years. Read Full Story

NZ Court Rules Turbines Are Buildings For Tax Purposes
by Mary Swire, Tax-News.com, Hong Kong
Friday, August 30, 2019
New Zealand's tax agency has drawn attention to a recent tax ruling in Mercury NZ Ltd v. Inland Revenue ([2019] NZHC 1524), noting it is only the second time New Zealand courts have analyzed the modern depreciation regime, introduced in 1993. Read Full Story

US Appeals Court Backs Amazon In Transfer Pricing Case
by Mike Godfrey, Tax-News.com, Washington
Thursday, August 22, 2019
On August 16, 2019, the United States Court of Appeals for the Ninth Circuit issued a decision in favor of Amazon, in a case involving the regulatory definition of intangible assets and the method of their valuation in a cost-sharing arrangement. Read Full Story

Gibraltar Adopts EU Dispute Resolution Rules
by Jason Gorringe, Tax-News.com, London
Thursday, August 8, 2019
Gibraltar has enacted new regulations to transpose the EU's new tax dispute resolution mechanisms, set out in EU Council Directive 2017/1852, into Gibraltar's domestic tax law. Read Full Story

IRS's New Enforcement Initiatives Are Aimed At Individuals
by Mike Godfrey, Tax-News.com, Washington
Thursday, July 25, 2019
On July 19, 2019, the United States Internal Revenue Service Large Business and International Division announced six additional compliance campaigns. Read Full Story
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