Treaty between Russia and UK – Russian MoF clarified whether partnerships may benefit from tax treaty provisions

8 June 2017 On 07 February 2013, the Ministry of Finance issued Letter No. 03-08-13 clarifying whether a limited liability partnership (LLP) incorporated under the UK legislation may be considered a...

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8 June 2017 / Comments (0)

India – Decision on method of valuation of shares for determining ALP for sale of shares

8 June 2017 The Indian Income Tax Appellate Tribunal (ITAT) delivered its decision on 2 January 2013 in the case of Ascendas (India) Pvt. Ltd. v. DCIT (ITA No. 1736/Mds/2011) that the Discount Cash...

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8 June 2017 / Comments (0)

Combating tax evasion – UK announces cooperation with the Isle of Man

8 June 2017 On 19 February 2013, the United Kingdom and the Isle of Man agreed measures between them to combat tax evasion. The package covers both the automatic exchange of information and a...

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US Treasury Department reissues list of boycott countries that result in restriction of US tax benefits

8 June 2017 The US Treasury Department has reissued its list of the countries that require cooperation with or participation in an international boycott as a condition of doing business. The countries...

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US Court of Appeals dismisses US clients’ class action against UBS

8 June 2017 The US Court of Appeals for the Seventh Circuit has dismissed a class action suit filed by US taxpayers to seek damages from UBS AG (UBS) for penalties and other losses that they incurred...

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8 June 2017 / Comments (0)

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