Archive: tax havens
European Commission: calls for adoption of common definition of “tax haven” and blacklist of countries harboring tax evaders
April 10, 2013. Tags: European Commission, tax evasion, tax havens
On 4 April 2013, the European Commission urged the EU Member States to adopt a common definition of “tax haven” as soon as possible and …
US: Senator Levin reintroduces Cut Unjustified Tax Loopholes Act [TAX ALERT]
March 19, 2013. Tags: CFC, tax havens, United States
Senators Carl Levin (D-Michigan) and Sheldon Whitehouse (D-Rhode Island) introduced S. 268, the Cut Unjustified Tax Loopholes Bill Act (the Bill), in the Senate on …
Switzerland: Federal Tax Administration announces safe haven interest rates for 2013
March 4, 2013. Tags: interest, Switzerland, tax administration, tax havens
On 25 February 2013, the Federal Tax Administration published two circulars and announced the safe haven interest rates applicable to shareholder and related party loans. Circular …
Nicaragua: tax reform introduced – transfer pricing and tax havens
January 31, 2013. Tags: Nicaragua, tax havens, tax reform, transfer pricing
Several amendments to the income tax are introduced by Law No. 822, published in the Official Gazette of 17 December 2012 and in force as …
European Commission adopts recommendation on promotion of good governance in tax matters globally
December 18, 2012. Tags: European Commission, international tax, OECD, tax administration, tax havens
On 6 December 2012, the European Commission adopted a Recommendation regarding measures intended to encourage third countries to apply minimum standards of good governance in …
All change in India: 2012 Union Budget raises specter of being taxed for deals past
July 24, 2012. Tags: capital gains, India, tax havens, transaction tax, transfer pricing
Heralding a new era of tax enforcement for the country, India’s Finance Minister told the OECD on 13 June that India would be setting much stricter standards in the areas of transfer pricing, capital gains attribution and tax haven identification.
India: ruling on benchmarking for advertisement expenditure
June 29, 2012. Tags: India, indirect tax, tax audit, tax havens, transaction tax
The Income Tax Appellate Tribunal (ITAT) delivered a ruling dated 10 May 2012 in the case of ACIT vs. Genom Biotech Private Limited [TS-326-ITAT-2012(Mum) wherein …
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