Chris Morgan provides your update on developments in international tax, including recent examples of overseas tax authorities clamping down on tax avoidance.
Coverage in the ‘quality’ newspapers of last week’s well-attended launch of the CBI’s tax campaign appears to have been l
George Osborne told journalists earlier this week that he ‘candidly conveyed’ to the Indian government his concerns over proposed changes to India’s tax code that could reopen a $2.9bn dispute with Vodafone.
‘George Osborne, UK chancellor, attacked India’s proposed law to retrospectively tax cross-border deals, in the first such criticism from a foreign official. He warned that the move would damage the overall investment sentiment in Asia’s third-largest economy.
‘George Osborne is to make the case against a plan by the Indian government that could hit Vodafone and other western companies with backdated tax demands totalling billions of pounds.
HM Treasury has published an update and more draft legislation dealing with reform of the controlled foreign companies (CFC) rules. Two circumstances have been identified in which a full, rather than partial, finance company exemption will be offered.
A country-by-country guide to some of the key tax developments in 2011
Chris Morgan reviews the top five developments in 2011 affecting international corporate taxes
Eloise Walker looks at the practical problems thrown up by the new offshore funds rules