India’s Authority for Advance Rulings (AAR) has held that a proposed buy-back of shares held by a Mauritian shareholder in an Indian company is a tax avoidance scheme and should be taxable as a dividend.
UK finance minister George Osborne should not be using today’s visit to his Indian counterpart to complain about the Indian tax system, he should be patting him on the back and telling him to keep up the good work.
Victory for Li & Fung in its battle with the Inland Revenue Department (IRD) has given much relief to companies which subcontract services to foreign affiliates.
A second Russian thin capitalisation ruling in as many months has created new risks in debt financing structures where the lender is the foreign sister company.
The Hong Kong Inland Revenue Department has today released updated guidelines on how its new advance pricing agreement (APA) regime will operate once it becomes effective on April 1.
The Indian government today proposed legislation that will allow it to retrospectively tax overseas mergers where an Indian asset is transferred. This move nullifies the recent Vodafone Supreme Court decision.
