Herbert Smith, Nicholson Graham & Jones and Nabarro Nathanson are advising the Birmingham Alliance on the redevelopment of Birmingham in the UK. The Birmingham Alliance is the title given to three limited partnerships who will invest £800 million (1.3 billion) redeveloping the Bullring and other buildings in the city. The companies involved; Hammerson PlC, Henderson Investors, and Land Securities, aim to pool their existing investments and coordinate redevelopment of the area.
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The firms made senior hires in Los Angeles and Cleveland respectively; in other news, South Korea reported an 11% rise in tax income, fuelled by a corporation tax boom
While the manual should be consulted for any questions around MAPs, the OECD’s Sriram Govind also emphasised that the guidance is ‘not a political commitment’
The landmark Indian Supreme Court judgment redefines GAAR, JAAR and treaty safeguards, rejects protections for indirect transfers and tightens conditions for Mauritius‑based investors claiming DTAA relief
As tax teams face pressure from complex rules and manual processes, adopting clear ownership, clean data and adaptable technology is essential, writes Russell Gammon, chief innovation officer at Tax Systems