US corporate tax reform could be good news for European multinationals if it forces other OECD countries to drive their own rates down yet further, according to a panel at the Irish Tax Institute’s global tax policy conference in Dublin today.
Pascal Saint-Amans, the OECD’s director for tax policy, today affirmed the base erosion and profit shifting (BEPS) action plan will be completed in two years, while European Commission tax head Philip Kermode said he backs the plan as long as it does not interfere with member states’ EU treaty obligations.
Energy multinational Cairn’s Delhi High Court win gives certainty for non-residents claiming the concessional tax rate of 10% on long-term capital gains arising on the disposal of listed securities in India.
Portuguese taxpayers could be entitled to tax refunds if they were denied interest deductions in relation to loans from non-EU entities, a European Court of Justice (ECJ) ruling has said.
Spanish banking group Santander’s surprising victory on summary judgment before the District Court of Massachusetts could undermine the government’s central argument in fighting the structured trust advantaged repackaged securities (STARS) cases.
The European Court of Justice’s (ECJ) decision to disallow the Belgian tax authorities’ attempt to turn exempt capital gains into taxable profits in the Gimle case gives taxpayers certainty on the accounting treatment of acquisitions and removes the need to undertake contrived intra-group transactions to obtain an exemption.
