The Indian government has 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.
India’s Central Board of Direct Taxes has issued stringent reporting requirements for liaison offices (LOs) which advisers believe will lead to disputes and protracted proceedings.
The Hong Kong tax authorities have issued their first-ever advance ruling in a transfer pricing case, less than a month before a formal advance pricing agreement programme is introduced.
After a damning report criticising the way the UK tax authority handles its disputes with large taxpayers, a new role has been created that aims to make HMRC’s processes more open and accountable.
