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Tax Court Rules on Variable Prepaid Forwards and Stock Lendings (Davis Polk & Wardwell)
  • On July 22, the Tax Court published its decision in the case of Anschutz Company v. Commissioner, involving a taxpayer that (indirectly) engaged in various prepaid variable forward contracts (which the court calls "PVFCs") and associated stock lending agreements ("SLAs") with respect to portfolio stock (indirectly) owned by him.
  • Managing Corporate Taxation in Latin American Countries – El Salvador (Romero Pineda & Asociados)
  • The general statutory corporate income tax rate for Salvadoran entities including Salvadoran branches of foreign companies is 25% on net income.
  • Did You Get a Letter Today? (Matthew Arnold & Baldwin)
  • Anyone who has checked the news today will know that HMRC’s latest gaff has resulted in tens of thousands of people over or under paying tax.
  • Managing Corporate Taxation in Latin American Countries - Ecuador (Lawnetworker S.A. Asesores Legales)
  • Corporate Income Tax. Corporate income tax is levied on companies domiciled in Ecuador.
  • Extracting Super Taxes Down Under (Macleod Dixon LLP)
  • Recent statements by Prime Minister Kevin Rudd’s government to impose a super tax of 40% on profits of mining projects in Australia from July 2012, have created much consternation among mining executives and investors in Australian mining companies.
  • Tax Update - Monday 6 September 2010 (Smith & Williamson)
  • HMRC has published online guidance on their complaints handling procedure, covering Preventing Complaints, Standards for Dealing with Complaints, Recognising and Defining a Complaint, Avenues for Complaints Recording Complaints, Dealing with Complaints, Cross Business Complaints, Complaints about Staff Conduct, Persistent and Vexatious Complaints, Complaints received via Elected Representatives, Complaints to the Chairman or Ministers, Complaints to the Adjudicator's Office, Complaints to the Pa
  • Taxation (PKF Malta)
  • The standard corporate tax rate applicable to companies registered in Malta is 35% and there are no thresholds for reduced rates of taxation applicable.
  • Non-Residence – Latest Developments (Strategic Tax Planning Partnership)
  • There have been no specific new Court decisions on Residence in the UK over the Summer. However, on 16th August 2010 (via a Press Release on Robert Gaines-Cooper’s own website) there was confirmation that he has been granted leave to Appeal to the Supreme Court in his Judicial Review Claim against HMRC.
  • Appeals and Exemptions in Delaware (Maybe), Amnesty in Indiana, and Other Breaking News in Unclaimed Property Legislation (Jones Day)
  • We have been tracking a number of changes to state unclaimed property laws over the last few months, both big and small.
  • The Hidden Danger - Why Some Superannuation Funds with Units in Private Unit Trusts Will be Taxed at 46.5% (Cooper Grace Ward)
  • Following the High Court decision in Bamford, we have reviewed a lot of unit trust deeds and have seen many unit trusts with superannuation funds as unitholders.