In its judgment on the remaining issues in the Marks and Spencer cross-border group relief claim, the Supreme Court has ruled that although the company was in principle allowed to make fresh loss claims, these are now time-barred.
UK residence: full-time abroad?
Cross-border group relief
Martin Zetter examines developments in transfer pricing from across the globe, including the US, India and France
Jayne Newton considers the OECD’s new common reporting standard
The EC has adopted two reports on VAT fraud within the EU. The first report looks at VAT collection and control procedures across the member states. It concludes that member states need to modernise their VAT administrations in order to reduce the VAT gap, which was around €193bn in 2011.
On 18 February, the Economic and Financial Affairs Council discussed the proposal for an EU-11 financial transaction tax (FTT).
The OECD has published the final text of its common reporting standard (CRS) for automatic exchange of information between tax authorities worldwide. The commentary to the CRS is still under discussion at the OECD.
The Financial Times reported (17 February 2014) that Rupert Murdoch’s News Corp has been paid $882m by Australia’s tax authorities, following its victory in a legal battle over A$2bn in foreign exchanges losses that dates back to 1989.
Paul Radcliffe comments on the forthcoming global FATCA-like regime.