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Italy Outlines Details On Local Min. Tax Under Global Deal

by usoftax_admin | Jul 8, 2024 | Tax News

The Italian Finance Ministry published plans for implementing a global rule that allows countries to tax the local affiliates of multinational corporations if their effective tax rates dip below an internationally agreed-upon 15% minimum.  

Ind. Tax Court Accepts Jail Funding Case Without $92M Bond

by usoftax_admin | Jul 8, 2024 | Tax News

Indiana taxpayers protesting a county’s lease agreement for its use of jail facilities do not have to post a $92 million bond, the state’s tax court said while also affirming that it has jurisdiction over the case.

Wrong kind of interest? Burlington and double tax treaty anti-abuse

by usoftax_admin | Jul 8, 2024 | Tax News

The UK Upper Tribunal’s pragmatic approach to anti-abuse provisions will be welcomed by the secondary debt market, say Matthew Greene and Guy Bud of Stewarts

Global contracts: ensuring the price is right across borders

by usoftax_admin | Jul 8, 2024 | Tax News

Karanjot Singh Khurana of Lakshmikumaran & Sridharan presents an Indian perspective on the transfer pricing implications of multinational corporations entering into global contracts that could affect group entities

Reeves Sets Out Plans For Pensions Investing, Fiscal Review

by usoftax_admin | Jul 8, 2024 | Tax News

HM Treasury will work to direct pensions investment to British businesses, create a national wealth fund and conduct a fiscal review into government finances, Rachel Reeves said in her first public speech as chancellor on Monday.

EU Court To Rule On Lithuania Denying Corp. Tax Break

by usoftax_admin | Jul 8, 2024 | Tax News

A Lithuanian court asked the European Union’s highest court to determine whether Lithuania applies EU law correctly when blocking tax exemptions for dividends transferred to a parent company from a subsidiary in another EU country, a document published Monday...
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