EU taxpayers are in danger of being forced into repaying state aid from member states after the European Commission revealed it is investigating Ireland, Luxembourg and the Netherlands regarding beneficial tax rulings given to investors.
An Advocate General of the European Court of Justice has released an opinion that the Hungarian special tax on retail companies does not discriminate against foreign taxpayers.
French bank Le Crédit Lyonnais lost its appeal in the European Court of Justice (ECJ) today, meaning it may not take into account turnover of its global branches when determining the proportion of VAT it can deduct in France.
The EU member states introducing the financial transaction tax (FTT) may be forced to water down the European Commission’s proposal if they want to make it stick, after the EU Council’s legal service said part of the residence principle of the tax is incompatible with European law.
IRS Chief of Appeals Sheldon Kay returned to private practice with Sutherland, Asbill & Brennan this month after two years with the tax authority. International Tax Review took the opportunity to catch up with Kay to discover the latest developments within the IRS Office of Appeals and to get some advice for taxpayers on resolving disputes more efficiently.
EU taxpayers will welcome this morning’s Advocate General opinion in the FII GLO litigation which said the UK is not allowed to curtail a claim limitation period retrospectively and without notice.
