CORPORATION TAX

From the Daily Telegraph:

The UK’s proposed Patent Box legislation puts it on course to join a number of European territories that are favourably taxing certain intellectual property (IP) income.

Val Hennelly, Jonathan Levy, Geoff Lloyd and Graham Massie consider mediation and look at the benefits for HMRC and taxpayers alike, ADR pilots, working collaboratively and the next steps.

Chris Morgan summarises the decision of the Supreme Court in India in the Vodafone case, plus the US update, the application of the Canadian GAAR in Copthorne v The Queen, new tax measures in France and tax reform proposals in Japan.

Vodafone’s victory in the Indian Supreme Court last Friday came as a ‘huge relief’ to the group and to ‘a host of other large multinationals that have undertaken similar deals’, said Kevin Phillips, corporate tax partner at Baker Tilly. Phillips...

Businesses and governments are in ‘a volatile era’ in which stable and predictable tax frameworks are ‘critical’ in maintaining the right conditions for investment, said Simon Henry, Chief Financial Officer at Royal Dutch Shell.

The seventh meeting of the OECD’s Forum on Tax Administration, held in Buenos Aires last week, brought together heads of tax administrations from 43 countries as well as business leaders.