The French Socialist government has been forced to withdraw a controversial new profits tax less than two weeks after proposing it in its 2014 Finance Bill. It comes as French manufacturers claimed that it would unfairly penalise them in the global marketplace.
Accountancy firm Deloitte has reported that on 1 October, the tax committee of the Business and Industry Advisory Committee (BIAC) to the OECD had a meeting with the OECD to discuss the ongoing base erosion and profit shifting (BEPS) project.
‘Thin capitalisation’
In this comprehensive, seven-page report – which can be downloaded as a PDF – David Jervis, Ben Jones and Elspeth Van den Brande provide a detailed review of the tax deductibility rules across various European jurisdictions.
The Financial Times reported on 1 October that India’s tax authorities have frozen Nokia’s assets in the country following a $321m (or approximately 20bn rupees) dispute ‘relating to income tax payments for mobile phone software licences, provided to [Nokia’s] Indian subsidiary by its pa
Whether German inheritance tax legislation compatible with TFEU
The monthly review by Chris Morgan examines two important developments in the EU, and the contrasting approaches to tax reform taken by Argentina and Portugal.
Peter Vaines explains why if you’re making a claim for private residence relief, you might need to think again.
Jackie Wheaton considers the tax consequences of a company which is resident in more than one country.
Peter Cussons considers the European Commission’s requests for information on certain Member States’ tax ruling practices.