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triangulation News




ATO's Tax Claim Against James Hardie Upheld

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

Wednesday, September 8, 2010

US building materials firm, James Hardie has not yet stated whether it is to appeal a recent Federal Court tax ruling, which upheld the Australian Tax Office’s claims that the firm's wholly-owned subsidiary RCI Pty Ltd owes back taxes and interest, resulting from a company restructuring in 1998-1999. Read Full Story

 


EC Consults On Interest And Royalties Directive

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, August 31, 2010

The European Commission has announced a consultation on a recast and amended version of the Council Directive on the taxation of cross border interest and royalty payments between associated companies of different member states. Read Full Story

 


IRS Strengthens Focus On International Tax Compliance

by Mike Godfrey, Tax-News.com, Washington

Friday, August 6, 2010

The US Internal Revenue Service has announced the realignment of its large and mid-size business division to create a more centralized organization dedicated to improving international tax compliance. Read Full Story

 


Travers Issues Robust Cayman Defence

by Phillip Morton, Investors Offshore.com

Thursday, August 5, 2010

In an open letter, Anthony Travers, the Chairman of Cayman Finance, has denounced US Senator Carl Levin’s endorsement and usage of a report issued by the ‘Business and Investors Against Tax Haven Abuse’ group, which Travers has said is fallacious and "misguided." Read Full Story

 


Vodafone Appeals Indian Tax Order

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

Wednesday, June 9, 2010

UK telecoms multinational Vodafone has responded to the Indian Income Tax department's reassertion of its jurisdiction to levy withholding tax on the USD11.1bn sale to Vodafone of a 67% stake in Hutchinson Essar in 2007 with an appeal to the Bombay High Court. Read Full Story

 


India Asserts Tax Claim Against Vodafone

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

Monday, June 7, 2010

The Indian tax authorities have reasserted their belief that they have jurisdiction to levy withholding tax on the USD11.1bn sale to Vodafone of a 67% stake in Hutchinson Essar in 2007. Read Full Story

 


Ireland Set For New Transfer Pricing Rules

by Jason Gorringe, Tax-News.com, London

Monday, June 7, 2010

Speaking at PricewaterhouseCoopers’s ‘Supporting Growth - Protecting Wealth’ conference, Siobhan Baldwin, Tax Director in PwC’s Private Company Services arm, warned of changes to Irish transfer pricing rules that will affect arrangements made after July 1, 2010. Read Full Story

 


Indian Ruling Backs Mauritius Tax Treaty

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

Thursday, March 25, 2010

After a long running dispute on the incidence of capital gains tax, the Indian Authority for Advance Rulings has issued a ruling which maintains the validity of Article 13 (4) of the India Mauritius double taxation treaty on exemption from capital gains tax normally payable in India. Read Full Story

 

 

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