Category: Netherlands

Apple / Automatic Exchange of Information / EU / Fiat / Intellectual Property / Ireland / Jean-Claude Juncker / Legislation / Luxembourg / Netherlands / Starbucks / State Aid / Tax Information Exchange Agreements

intellectual property state aid apple fiat starbucks jean-claude juncker ireland luxembourg netherlands automatic exchange of information eu legislation Tax Information Exchange Agreements

Posted On: July 31, 2015

Governments that offer multi-national firms sweetheart tax deals should not be allowed to benefit if the European Union orders them to claw back the aid, according to a new report by the European Parliament’s special committee on tax rulings. Instead, the proceeds should be “returned to the member states which… – Continue reading

Australia / EU / Europe / Netherlands / Tax Laws / Uber / United Kingdom

EXCLUSIVE: Uber’s rival says it uses ‘tax avoidance on an industrial scale,’ and wants Europe to investigate

Posted On: July 31, 2015

An alliance of London minicab drivers wants the EU to probe Uber’s tax arrangements and grill founder Travis Kalanick personally on the issue. Business Insider has seen a copy of a letter sent by the London Private Hire Car Association (LPHCA) to the chair of the European Parliament’s tax committee,… – Continue reading

Amazon / Apple / EU / Fiat / Ireland / Luxembourg / Netherlands / Starbucks / State Aid / Tax Planning

EU Urged to Ban Windfalls for Nations Giving Illegal Tax Aid

Posted On: July 30, 2015

Governments that dole out tax subsidies to big companies shouldn’t be allowed to reap multibillion-euro windfalls if the European Union orders them to claw back the aid, lawmakers probing tax loopholes said. Instead, the EU should consider changing the law so that money is shared among neighboring nations that played… – Continue reading

Base Erosion & Profit Shifting / G20 / Legislation / Netherlands / OECD / Permanent establishment / Tax Planning / Tax treaties / Transfer pricing / Treaty Abuse / United Kingdom

UK: BEPS and tax structuring – how does it affect the shipping industry?

Posted On: July 29, 2015

There has been much recent focus on tax structures employed by multi-national corporations. This has led to an initiative, spearheaded by the OECD, to combat “base erosion and profit shifting”, or BEPS. The shipping industry is likely to be affected both directly and indirectly by the BEPS initiative – directly,… – Continue reading

Australia / Base Erosion & Profit Shifting / Belgium / Canada / Capital gains / Dividends / Earnings stripping / Europe / France / Gaar / Germany / Hybrids / Investments / Italy / Legislation / Netherlands / OECD / Shares / Tax Planning / United Kingdom / USA

Canada: Interest Deductibility In Canada: What’s The Fuss?

Posted On: July 28, 2015

This article deals with the manner in which Canada has complicated, and rendered controversial, what in most other countries is straightforward — the deductibility of business related interest expense. The reasons to write about it are threefold: the almost-concurrent issuance of the Canada Revenue Agency’s administrative views on the matter… – Continue reading

Advance Pricing Agreement / Automatic Exchange of Information / Base Erosion & Profit Shifting / Beneficial Ownership / Capital gains / Dividends / EU / FATCA / Germany / IGA / Intellectual Property / Luxembourg / Netherlands / OECD / Privacy / Real Estate / Residence / State Aid / Tax competition / Tax Laws / Tax Planning / Tax treaties

The Netherlands: Recent Financial, Regulatory and Legislative Developments

Posted On: July 28, 2015

With the focus of 2014 being international tax competition, 2015 shows signs of continuing this trend. The European Commission (COM) and European Parliament (EP) are starting to debate and extensively investigate Member States’ tax ruling policies, partly as a result of the LuxLeaks revelations and partly in relation to the… – Continue reading

Burundi / Corruption / Double Taxation / Investments / Kenya / Netherlands / South Sudan / USA

Kenya: Bold New Bilateral Agreements Cement U.S.-Kenya Ties

Posted On: July 25, 2015

Kenya signed several pacts with the US during talks between US President Barack Obama and Kenya’s President Uhuru Kenyatta, signalling a deepening of bilateral relations in trade and investment. Addressing a joint press conference, President Obama said discussions on the prospects of introducing direct flights between the two countries were… – Continue reading

Base Erosion & Profit Shifting / Controlled Foreign Companies / Dividends / Double Taxation / Earnings stripping / Intellectual Property / Investments / Legislation / Netherlands / OECD / Pakistan / Permanent establishment / Real Estate / Residence / Royalties / Tax Credit / Tax Laws / Tax Planning / Tax treaties / Transfer pricing / Treaty Abuse / United Kingdom / USA

The intersection of US tax treaty policy, tax reform and BEPS

Posted On: July 24, 2015

Introduction US tax treaty policy can be affected by pressures for tax reform from within the United States and by major developments in international taxation from without. Talk of US tax reform has been widespread for years, although it is sometimes hard to gauge how much of the talk is… – Continue reading

Brazil / EU / Google / Luxembourg / Netherlands / USA

Rexam’s predator seeks to play down competition concerns as EU launches probe into drinks can makers’ takeover

Posted On: July 21, 2015

The US can making giant vying to buy British industrial champion Rexam has sought to play down fears that the deal will stifle competition and could lead to higher prices. Earlier this year Ball Corporation swooped on Rexam in a £4.3billion takeover that will create the world’s largest beverage can… – Continue reading

Automatic Exchange of Information / Belgium / Double Taxation / EU / Germany / Investments / Ireland / Luxembourg / Netherlands / State Aid

News Analysis: Long way to go for harmonized corporate tax policies within EU

Posted On: July 20, 2015

THE HAUGE, July 20 (Xinhua) — The Dutch-German agreement to enhance the exchange of information on tax rulings was “an important step” towards greater transparency, but there is still a long way to go before reaching common ground on harmonized corporate tax policies within the European Union (EU), according to… – Continue reading

Automatic Exchange of Information / EU / Germany / Intellectual Property / Luxembourg / Netherlands

Germany, Netherlands To Exchange Data On Tax Rulings

Posted On: July 17, 2015

Germany and the Netherlands have signed a new agreement that provides for the “spontaneous” exchange of information on advance pricing agreements and advance tax rulings. The agreement was signed in Brussels on July 14, 2015. Under the new agreement, both countries have committed to the mutual exchange of information on… – Continue reading

Apple / Automatic Exchange of Information / Double Taxation / Google / HSBC / Ireland / Jurisdiction / Luxembourg / Netherlands / South Africa / Tax Information Exchange Agreements

Cross-border action raises tax risks

Posted On: July 17, 2015

The rising exchange of information between countries is also leading to the disclosure of more details about these taxpayers’ affairs. Along with other countries, SA is paying closer attention to its residents’ cross-border activities. But while compliance is necessary, industry experts warn that overly aggressive tax enforcement in SA could… – Continue reading

Dividends / Double Taxation / General Electric / Hutchison Whampoa / India / Investments / Legislation / Netherlands / Nokia / Royal Dutch Shell / Timken / Vodafone

India: Recent Developments Regarding Minimum Alternative Tax

Posted On: July 15, 2015

Over the past few months, several foreign portfolio investors registered in India have received notices from the Indian tax authorities demanding payment of Minimum Alternate Tax in respect of transactions which took place over the course of prior assessment years. The Indian Government has indicated that it could raise several… – Continue reading

Amazon / Apple / Dividends / Estonia / EU / Europe / Fiat Finance and Trade / Gazprom / Intellectual Property / Ireland / Luxembourg / Netherlands / Poland / Starbucks / State Aid / Tax Laws / Transfer pricing

Ireland’s sweetheart tax deals under threat as EU investigates

Posted On: July 14, 2015

European Commission to issue decisions on four test cases, including Apple in Ireland, Until a few months ago, the medieval town of Athenry in County Galway owed its fame mainly to a song. Irish rugby and football fans often burst into stirring renditions of “The Fields of Athenry”, a ballad… – Continue reading

Cyprus / Double Taxation / Luxembourg / Netherlands / OECD / Switzerland / Tax evasion investigations / Ukraine

Jaresko: Ukraine, Cyprus agree to revise taxation agreement

Posted On: July 14, 2015

Ukraine and Cyprus have agreed to review bilateral agreements on taxation to prevent the withdrawal of capital to offshore zones, Finance Minister Natalie Jaresko wrote on Facebook. “After very lengthy negotiations, we’ve finally taken an important step in the fight against capital withdrawal to offshore zones: we have with the… – Continue reading

Capital gains / Dividends / Double Taxation / General Electric / India / Investments / Legislation / Mauritius / Netherlands / Nokia / Offshore Companies / Royal Dutch Shell / Timken / USA / Vodafone

India: recent developments regarding Minimum Alternate Tax

Posted On: July 13, 2015

Over the past few months, several foreign portfolio investors registered in India have received notices from the Indian tax authorities demanding payment of Minimum Alternate Tax in respect of transactions which took place over the course of prior assessment years. The Indian Government has indicated that it could raise several… – Continue reading

Africa / Australia / Incorporation / Malawi / Netherlands / Royalties

Australian miner accused of dodging tax in world’s poorest country

Posted On: July 11, 2015

Tax avoidance tactics of multinational companies have angered Australians, but an Australian mining firm used such methods in Malawi. Tax avoidance tactics of multinational companies have angered the public and placed pressure on the Abbott government to prevent profits being exported offshore. But an Australian uranium miner is defending the… – Continue reading

Australia / Austria / Belgium / British Virgin Islands / Canada / Chile / Colombia / Czech Republic / Denmark / Estonia / EU / Europe / EY / FACT / Financial markets / Finland / France / Germany / Greece / Hungary / Iceland / Ireland / Israel / Italy / Japan / Korea / Latvia / Legislation / Lithuania / Luxembourg / Mexico / Netherlands / New Zealand / Norway / Poland / Portugal / Regulatory / Russia / Slovenia / Spain / Sweden / Switzerland / Turkey / United Kingdom

OECD establishes roadmap for membership with Lithuania

Posted On: July 10, 2015

10/07/2015 – The OECD set out a clear path for Lithuania’s accession to the Organisation, reinforcing the OECD’s commitment to further extend its global membership. On 8 July 2015 the 34 OECD Members adopted the Roadmap for the Accession of Lithuania to the OECD Convention setting out the terms, conditions… – Continue reading

British Virgin Islands / Cayman Islands / Cyprus / Dividends / Double Taxation / Hong Kong / India / Netherlands / OECD / Profit Shifting / Royalties / Singapore / Switzerland / Tax Laws

MNCs park profit in Singapore, Hong Kong

Posted On: July 5, 2015

Calcutta, July 5: Singapore and Hong Kong, with their low corporate tax rates, have started to hove into view on the radars of multinational companies that are looking to lower their tax burdens through profit shifting. Profit shifting is a perfectly legal way of moving the earnings of an MNC… – Continue reading

Barbados / Bulgaria / Croatia / Double Taxation / Estonia / EU / Ireland / Latvia / Legislation / Lithuania / Luxembourg / Netherlands / OECD / Romania / Tax competition

BIBA: Time to talk tax havens

Posted On: July 3, 2015

ARBADOS’ CONTROVERSIAL BLACKLISTING by a group of European Union (EU) countries is “hypocritical” and “grossly discriminatory”, says outgoing Barbados International Business Association (BIBA) president Connie Smith. But Smith also thinks the time is right for “engaging in bilateral discussions which could hopefully conclude in double taxation agreements and bilateral investment… – Continue reading

Barbados / Bulgaria / Croatia / Estonia / EU / Ireland / Latvia / Legislation / Lithuania / Luxembourg / Netherlands / OECD / Romania / Tax competition

Business Monday: BIBA official: See blacklist as an opportunity

Posted On: June 29, 2015

“THE decision by a group of European Union (EU) Member States to blacklist Barbados as being non-cooperative and further claim that Barbados and 29 other countries, mostly small islands, do not meet its standards of transparency, exchange of information and fair tax competition, is hypocritical and on the face of… – Continue reading

EU / France / Germany / Intellectual Property / Legislation / Netherlands / United Kingdom

UK ratification of UPC Agreement won’t happen in 2015, IPO confirms

Posted On: June 29, 2015

The Unified Patent Court (UPC) Agreement will not be ratified in the UK this year, the Intellectual Property Office (IPO) has confirmed. In a statement sent to Out-Law.com, the IPO ruled out ratification of the Agreement this year but said that it intends to complete the “domestic preparations” for ratification… – Continue reading

Base Erosion & Profit Shifting / Bermuda / Capital gains / Dividends / Double Taxation / G20 / Investments / Luxembourg / Mauritius / Netherlands / OECD / Residence / Royalties / South Africa / Tax treaties

Tax treaty with Mauritius blocks outflow

Posted On: June 26, 2015

A new treaty makes it more difficult for companies to take advantage of tax loopholes to avoid their financial obligations. Globally, initiatives are afoot to close tax loopholes and South Africa is one of the frontrunners – its new treaty with Mauritius removes the allure for tax-shy corporates doing business… – Continue reading

Base Erosion & Profit Shifting / Ethiopia / Ghana / Kenya / Malawi / Netherlands / OECD / Tax treaties / Zambia

Netherlands Revises Treaties To Support BEPS Work

Posted On: June 24, 2015

The Government of Netherlands has successfully negotiated the inclusion of anti-abuse provisions, aimed at combating cross-border tax avoidance, in tax treaties with Ethiopia, Ghana, Kenya, Malawi, and Zambia. At present, talks are being held with another seven countries and new agreements with several other countries are expected to be concluded… – Continue reading

Base Erosion & Profit Shifting / Belgium / Deloitte / Double Taxation / EU / G20 / Ireland / Legislation / Netherlands / OECD / Offshore Insurance / Permanent establishment / Sweden / United Kingdom / USA

Insurance tax changes loom on the horizon

Posted On: June 23, 2015

Conor Hynes and Ronan Connaughton of Deloitte Ireland explore the impending changes arising from BEPS Action 7 and the Skandia case and provide insight on the potential tax impact for the insurance industry. The Greek philosopher Heraclitus is attributed with the saying, “the only thing that is constant is change”…. – Continue reading

Argentina / Australia / Austria / Azerbaijan / Bahamas / Bahrain / Barbados / Belgium / Bermuda / Brazil / British Virgin Islands / Bulgaria / Cayman Islands / Chile / Costa Rica / Croatia / Curacao / Cyprus / Czech Republic / Denmark / Estonia / FATCA / Finland / France / Germany / Ghana / Gibraltar / Guernsey / Honduras / Hong Kong / Hungary / India / Investments / Ireland / Isle of Man / Israel / Italy / Jamaica / Japan / Jersey / Kosovo / Latvia / Lebanon / Liechtenstein / Lithuania / Luxembourg / Malaysia / Malta / Mauritius / Mexico / Netherlands / New Zealand / Norway / Poland / Portugal / Qatar / Romania / Russia / Seychelles / Singapore / Slovakia / Slovenia / South Africa / South Korea / Spain / Switzerland / Taiwan / Thailand / Trinidad & Tobago / Ukraine / United Arab Emirates / United Kingdom / USA

FATCA – Which Countries Are In And Out

Posted On: June 19, 2015

FATCA – Which Countries Are In And Out The controversial US Foreign Account Tax Compliance Act (FATCA) law is set to start from July 1, 2014, so with less than 21 days to go, here’s a look at which countries are in and who is outside of the tax network…. – Continue reading

Andorra / Anguilla / Bahamas / Barbados / Belgium / Belize / Bermuda / British Virgin Islands / Brunei / Cayman Islands / Denmark / EU / France / Germany / Grenada / Guernsey / Hong Kong / Ireland / Liberia / Liechtenstein / Maldives / Marshall Islands / Mauritius / Monaco / Nauru / Netherlands / Nevis / Panama / Portugal / Seychelles / Sweden / Tax evasion investigations / Tax Information Exchange Agreements / United Kingdom / USA / Vanuatu

St. Kitts-Nevis Among 30 Countries On EU’s Tax Evasion Blacklist

Posted On: June 19, 2015

St. Kitts and Nevis is one of 30 countries placed on the European Union’s black list for not doing enough to fight tax evasion. The EU’s executive Commission published the list Wednesday (June 17). The blacklisted countries figure on at least ten of the EU’s 28 member nations’ lists of… – Continue reading

Automatic Exchange of Information / Belgium / EU / Ireland / Luxembourg / Netherlands / Tax competition / United Kingdom

European business groups withdraw support for EU common corporate tax

Posted On: June 19, 2015

Business lobby group BusinessEurope has withdrawn its previous support for a proposed European common consolidated corporate tax base (CCCTB) due to changes that make it mandatory for multinational companies. UK business lobby group the Institute of Directors has described the CCCTB as “unhelpful political populism”. “European business fully shares the… – Continue reading

Anguilla / Bahamas / Barbados / Belize / Bermuda / British Virgin Islands / Bulgaria / Cayman Islands / Croatia / Estonia / EU / Greece / Grenada / Ireland / Italy / Latvia / Lithuania / Luxembourg / Netherlands / OECD / Poland / Portugal / Spain / St. Kitts & Nevis / Tax competition

Caribbean states urged to object to EU tax-haven blacklisting

Posted On: June 19, 2015

Critics of an EU tax-haven blacklist say the organisation is playing dice with small states’ reputations, while ignoring European tax avoidance hubs BRIDGETOWN, Barbados, June 19, 2015 (AMG) — Doubts have been cast over the methodology and motives behind the naming of fourteen Caribbean countries among a list of thirty… – Continue reading

Australia / Base Erosion & Profit Shifting / Canada / Dividends / Estonia / EU / Hungary / Inversion / Jamaica / Legislation / Luxembourg / Malta / Netherlands / OECD / Permanent establishment / Residence / Romania / Royalties / Switzerland / Tax treaties

Proposed U.S. Model Treaty Provisions May Dramatically Alter International Tax Landscape

Posted On: June 17, 2015

The U.S. Model Income Tax Treaty (the U.S. Model Treaty) generally represents the United States’ opening position in treaty negotiations. As a result, when changes to the treaty are proposed, international tax practitioners should be aware of the potential impact those changes can have on their existing inbound U.S. structures…. – Continue reading

Andorra / Anguilla / Bahamas / Barbados / Belize / Bermuda / British Virgin Islands / Brunei / Cayman Islands / Cook Island / Czech Republic / Denmark / EU / Europe / Finland / France / Germany / Grenada / Guernsey / Hong Kong / Ireland / Liberia / Liechtenstein / Luxembourg / Maldives / Marshall Islands / Mauritius / Monaco / Nauru / Netherlands / Nevis / Panama / Portugal / Seychelles / Sweden / Tax Information Exchange Agreements / Turks and Caicos / Vanuatu

Bermuda named on EU tax haven list

Posted On: June 17, 2015

The European Union: Labelled Bermuda as a tax haven Bermuda has been named by the European Union as a country that is not doing enough to crack down on tax avoidance. The Island was one of 30 countries on the list published by the EU’s executive Commission today. “These tax… – Continue reading

Amazon / Andorra / Anguilla / Apple / Bahamas / Barbados / Belize / Bermuda / British Virgin Islands / Brunei / Cayman Islands / EU / Fiat / Grenada / Guernsey / Hong Kong / Ikea / Ireland / Liberia / Liechtenstein / Luxembourg / Maldives / Marshall Islands / Monaco / Nauru / Netherlands / Nevis / Panama / PepsiCo / Seychelles / Starbucks / USA / Vanuatu

EU releases tax haven blacklist

Posted On: June 17, 2015

The European Union has published its first list of international tax havens as part of a crackdown on multinational companies trying to avoid paying tax in the 28-nation bloc. The list of 30 territories includes Hong Kong and Brunei in Asia, Monaco, Andorra and Guernsey in Europe, and a series… – Continue reading

Anguilla / Apple / Bermuda / British Virgin Islands / Cayman Islands / Fiat / G20 / Gibraltar / Guernsey / Ireland / Isle of Man / Jersey / Luxembourg / Netherlands / Shell / Starbucks / State Aid / United Kingdom

Hypocrisy of EU Tax Avoidance Plan Exposed

Posted On: June 17, 2015

The European Commission is set to adopt an Action Plan to tackle corporate tax avoidance and promote growth-friendly taxation in the Single Market despite an uphill battle against global giants such as Apple and Starbucks, as well as some hypocritical member states. The European Commission’s plans unveiled Wednesday include a… – Continue reading

Apple / Bermuda / Brazil / British Virgin Islands / Canada / Chile / China / EU / Fiat / Google / Ireland / Japan / Loans / Luxembourg / Netherlands / OECD / Real Estate / South Africa / Starbucks / State Aid / USA / Wal Mart / Zara

Wal-Mart Has $76 Billion in Overseas Tax Havens, Report Says

Posted On: June 17, 2015

Wal-Mart Stores Inc. owns more than $76 billion of assets through a web of units in offshore tax havens around the world, though you wouldn’t know it from reading the giant retailer’s annual report. A new study has found Wal-Mart has at least 78 offshore subsidiaries and branches, more than… – Continue reading

Amazon / Apple / Belgium / EU / France / Germany / Ireland / Luxembourg / Netherlands / Starbucks / State Aid / Tax treaties / United Kingdom

Brussels to announce measures against corporations’ ‘sweetheart’ tax deals

Posted On: June 16, 2015

Politically incendiary proposals will set sights on multinationals’ tax planning with EU states and 30 worst offending havens could be officially blacklisted Officials in Brussels will on Wednesday announce a series of measures designed to stamp out the toxic culture of secret, sweetheart tax deals for multinationals which prevails in… – Continue reading

Amazon / Apple / EU / Fiat / Ireland / Legislation / Luxembourg / Netherlands / Profit Shifting / Starbucks / State Aid

Kenny defends Irish tax regime as Apple probe nears completion

Posted On: June 5, 2015

A European probe into the Irish taxes paid by technology giant Apple, as well as multi-nationals in Luxembourg and the Netherlands, is close to finishing. The news came as Taoiseach Enda Kenny issues a robust defence of Ireland’s corporate tax regime, which has been under international pressure in recent years… – Continue reading

Amazon / Belgium / EU / Fiat / Google / HSBC / Ireland / Luxembourg / Netherlands / OECD / Switzerland / Tax competition / Tax evasion investigations

Luxleaks committee to be extended until October

Posted On: June 3, 2015

The special committee leading the European Parliament’s inquiry into tax rulings has upped the pressure on businesses and European governments. The inquiry will be extended until October. EurActiv France reports. Belgium, the Netherlands, Ireland, Luxembourg and Switzerland have one thing in common. These five countries have all received an investigative… – Continue reading

Equinix / EU / Netherlands / Real Estate / Starbucks / Telecity / United Kingdom / USA

British internet giant Telecity falls into hands of tax-avoiding US rival Equinix for £2.35bn

Posted On: May 29, 2015

The company that runs a swathe of Britain’s internet service is being bought by an American predator that plans to fold it into a giant international tax haven. Telecity operates data centres all over Europe – which house the wires that make the internet work – including sites in London… – Continue reading

EU / Germany / Ireland / Legislation / Luxembourg / Netherlands / Transfer pricing

Common tax base proposed for EU by Brussels

Posted On: May 27, 2015

Brussels competition arm investigating Ireland for use of ‘comfort letters’ to companies The European Commission is to propose a mandatory common corporate tax base next month as part of a wide-ranging clampdown on corporate tax avoidance. Under a discussion document to be looked at by EU commissioners in Brussels today,… – Continue reading

Double Taxation / Netherlands / South Korea / USA

Korea faces second ‘investor-state dispute’

Posted On: May 22, 2015

Hanocal Holdings, a Dutch subsidiary of the Abu Dhabi-based International Petroleum Investment Company, has filed a lawsuit against the South Korean government through the World Bank’s International Center for Settlement of Investment Disputes. This is the second time that Korea is facing international arbitration under the “investor-state dispute settlement” process…. – Continue reading

Canada / EU / Ireland / Netherlands / New York / Offshore Tax Evasion

You’d be stupid not to try to cut your tax bill, says Bono: U2 frontman branded ‘hypocritical’ in light of his ‘anti-austerity posturing’

Posted On: May 15, 2015

Singer revealed he bases some business ventures in the Netherlands Tax rates in the European country far lower than in his native Ireland Bono said ‘smart people’ were ‘just be sensible’ about ‘the way we’re taxed’ Sunday Times Rich List ranked U2 as the country’s third richest musicians He has… – Continue reading

Brazil / China / Deloitte / Double Taxation / EY / Glaxosmithkline / India / Investments / Luxembourg / Mauritius / Netherlands / Royal Dutch Shell / Russia / Singapore / Tax treaties / Transfer pricing / Turkey / UAE / United Kingdom / USA / Vodafone

Unnerved by tax demands on capital gains, foreign funds flee for safety

Posted On: May 15, 2015

The minimum alternate tax row has damaged the credibility of government promises to enforce an investor-friendly tax regime and made the Indian stock market Asia’s worst performer this year New Delhi/Mumbai: Castleton Investment Ltd, a unit of GlaxoSmithKline Plc (GSK), in 2012 asked an arm of the Indian finance ministry… – Continue reading

Armenia / Austria / Belgium / Canada / China / Double Tax Treaty / Double Taxation / Estonia / France / Investments / Italy / Jamaica / Lithuania / Malta / Netherlands / Poland / Russia / Slovenia / Tax treaties / United Kingdom / USA

Chairman Royce, Rep. Pallone welcome US-Amenia Trade & Investment Framework Agreement

Posted On: May 15, 2015

House Foreign Affairs Committee Chairman Ed Royce (R-CA) and Congressional Armenian Caucus Co-Chair Frank Pallone (D-NJ) were among the first Congressional leaders to welcome the May 7th signing of the U.S.-Armenia Trade and Investment Framework Agreement (TIFA), a longstanding policy priority for the Armenian National Committee of America (ANCA). Chairman… – Continue reading

Australia / Capital gains / Dividends / India / Investments / Luxembourg / Netherlands / Royal Dutch Shell / Shares / Tax Laws / Tax treaties / United Kingdom

India pursues investment funds for tax

Posted On: May 6, 2015

UK funds invested in India could face demands for tax from which they thought they were exempt. Minimum alternate tax (MAT), a tax on the book profit of a company, has been in existence in India in its current form since 2001 and is levied at 18.5 per cent. Because… – Continue reading

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