The Companies Act 2006 (Amendment of Part 23) (Investment Companies) Regulations, SI 2012/952, relax the conditions that a company has to meet in order to benefit from the distributions regime for investment companies.
‘Amazon tax probe in media spotlight’
‘Amazon's tax arrangements are in the spotlight this morning after national newspapers followed up The Bookseller's initial investigation.
The government is consulting on possible changes to the taxation of income received by REITs investing in other REITs and the role that the REIT regime can play in social housing.
George Osborne told journalists earlier this week that he ‘candidly conveyed’ to the Indian government his concerns over proposed changes to India’s tax code that could reopen a $2.9bn dispute with Vodafone.
‘George Osborne, UK chancellor, attacked India’s proposed law to retrospectively tax cross-border deals, in the first such criticism from a foreign official. He warned that the move would damage the overall investment sentiment in Asia’s third-largest economy.
OECD guidelines on transfer pricing and other international tax issues protect the interests of OECD countries only and it is ‘improper’ to suggest that they represent internationally agreed guidance, the Indian government has claimed.
Any bank told that HMRC considers it has not complied with the Code of Practice on Taxation for Banks will be expected to acknowledge HMRC’s view in any public pronouncements that the bank makes on its operation of the code, according to a new ‘
‘George Osborne is to make the case against a plan by the Indian government that could hit Vodafone and other western companies with backdated tax demands totalling billions of pounds.
ActionAid and the Task Force on Financial Integrity and Economic Development have been named by TP Week readers as two of the five ‘leading forces in global transfer pricing’.
Tax officials from 90 countries have agreed on the need to simplify transfer pricing rules and make them ‘more robust’.