Alain Recoules has been appointed Taxand’s new global indirect tax leader, in succession to Richard Baxter. Recoules is based in France, where he is a partner of Arsene Taxand and a specialist in VAT and international trade regulations.
The Tax Executives Institute (TEI) submitted comments to China’s State Administration of Taxation (SAT) regarding its draft of administrative measures on general anti-avoidance rules (GAAR). The group, which represents the interests of in-house tax professionals, expressed concern that the new measures inappropriately expand the scope of GAAR and do not provide clarity to taxpayers.
UK taxpayers have until March 2015 to eliminate employee benefit trusts (EBT) from their tax planning. However, the warning does not apply to every company that has used the technique, advisers say.
A settlement initiative for employers who used Employee Benefit Trusts (EBT), as a tax avoidance vehicle will close in seven months’ time, HM Revenue and Customs (HMRC) has announced.
With the introduction of the goods and services tax (GST) from April 2015, the Malaysian Customs Department has released its GST handbook to help prepare businesses for the new tax, but time is running out.
The Delhi High Court has decided, in Zaheer Mauritius vs Director of Income Tax, that the sale of compulsory convertible debentures (CCDs) should be classified as capital gains and exempt under the India-Mauritius double tax treaty (DTT). The decision will mean most to real-estate taxpayers who use Mauritius to invest in India.
