Alesco was granted leave to appeal by New Zealand’s Supreme Court on Tuesday but its chances of victory are slim, with the taxpayer having lost all of the previous three general anti-avoidance rule (GAAR) cases heard by the court.
A judgment of the European Court of Justice (ECJ) in a case involving Argenta Spaarbank (Argenta) should benefit Belgian companies with loss-making permanent establishments (PE) in other member states and will impact tax deduction regimes in EU countries.
Israeli financial news publication Globes has won a landmark petition in the Tel Aviv District Court requiring Israel’s tax authorities to disclose previously guarded company information. The result suggests the global drive for tax transparency may be impacting Israel.
A new interpretation statement on the general anti-avoidance rule (GAAR) released by New Zealand’s Inland Revenue Department (IRD) should help taxpayers preparing submissions, such as ruling applications or statements of position in disputes, for the IRD’s consideration.
HM Revenue & Customs’ (HMRC) tax assurance commissioner, Edward Troup, has said the UK tax authority’s internal governance for dispute settlements needs to improve and has offered some insight into HMRC’s processes in his annual report for 2012 to 2013.
The New York Supreme Court has rejected wireless network operator Sprint Nextel’s (Sprint) attempt to dismiss the state Attorney General’s claim that it evaded sales tax.
