Category: Regulatory
$65 billion cash mystery puzzles Britain’s audit office
Mystery in the economy of Britain. How come there is an increase in circulation of pound notes when there is a decrease in day-to-day cash transactions? ... - Continue reading
Turkey: Amendments In Transfer Pricing General Communiqué
A few transfer pricing laws in Turkey have been amended as per the concerned General Communiqué. Here they are. ... - Continue reading
Indonesia, Australia sign MoU on tax information exchange
Indonesia and Australia join hands to fight tax avoidance under the double tax avoidance treaty. ... - Continue reading
What is VAT?
Value Added Tax (VAT) is a consumption tax charged on most goods and services consumed in the EU. The tax is levied on the 'value added' to the product at each stage of production and distribution. ... - Continue reading
Income tax implications for Indian investors investing in the US Stock Market
Indian investors are now proactively looking to diversify their portfolios overseas. We have seen the resilience and the outperformance of the US markets and we want in. ... - Continue reading
Italy’s Supreme Court resolves withholding tax dispute over interest paid to holding company
The Italian Supreme Court, in a decision released 10 July, has addressed whether a sub-holding company was beneficial owner of interest payments for withholding tax purposes, applying the European Court of Justice’s holdings in the well-known Danish cases. ... - Continue reading
Amazon services arm pays £14m in UK taxes despite revenues of nearly £3bn
Amazon’s (AMZN) UK services arm paid just £14.5m ($16.1m) in UK corporate taxes in 2019 despite generating revenues of nearly £3bn in the country, according to the company’s latest accounts. ... - Continue reading
