‘NEW DELHI: In a major victory to Vodafone International Holdings, the Supreme Court on Friday set aside the Bombay high court judgement asking the company to pay income tax of Rs 11,000 crore, holding that tax authorities do not have jurisdiction on an overseas transaction.
The UK/Dominica tax information exchange agreement signed in March 2010 entered into force on 23 December 2011.
A country-by-country guide to some of the key tax developments in 2011
Chris Morgan reviews the top five developments in 2011 affecting international corporate taxes
Eloise Walker looks at the practical problems thrown up by the new offshore funds rules
Nick Farmer and Steve Hoare recap the rules in determining whether an overseas establishment is a PE, and the implications.
Five leading tax professionals, including HMRC's Judith Knott, took part in a roundtable discussion on UK tax competitiveness. Much of the discussion, chaired by John Overs, concerned CFC reform and the potential ‘gateway’ test to filter cases out of the regime.
Chris Morgan provides a review of recent international tax developments, including the Court of Appeal decision in Marks and Spencer.
President Sarkozy of France is prepared to do ‘everything possible’ to get the G20 to move towards the adoption of a financial transaction tax, The Times reported ahead of this week’s G20 summit in Cannes.