Mondaq.Com - feed of articles on Tax

Australia: Deductibility of the cost of mining rights and information - Norton Rose Australia

Thu, 16 May 2013 19:08:01 GMT

Expenditure on the acquisition of mining rights and information will in future be depreciated over the life of the mine.

Australia: Protection from "erosion" of the corporate tax base - Norton Rose Australia

Thu, 16 May 2013 18:56:35 GMT

Proposed changes to the tax system aim to remove opportunities for foreign investors to transfer profits from Australia.

Australia: Proposed Changes to Capital Gains Tax for Foreign Residents - Norton Rose Australia

Thu, 16 May 2013 18:36:53 GMT

Foreign residents are again targeted in proposed changes to the CGT rules and a proposed new withholding tax regime.

United Kingdom: Income Tax Charge For Those On Higher Incomes - Smith & Williamson

Thu, 16 May 2013 15:31:34 GMT

A discussion on the decision to remove child benefit from families with a higher-rate taxpayer.

United Kingdom: Taxation Of Pensions - Changes In Limits - Smith & Williamson

Thu, 16 May 2013 14:46:55 GMT

A discussion on the measures related to the taxation of value in and out of registered pension schemes.

Canada: Selected Tax Issues And Traps Associated With Estate Freezes - Minden Gross LLP

Thu, 16 May 2013 13:00:29 GMT

A discussion on a number of potential issues and traps that tax practitioners need to navigate to successfully implement and maintain an estate freeze.

Luxembourg: EU Commission Proposal For An EU Financial Transaction - Bonn Steichen & Partners

Thu, 16 May 2013 12:58:49 GMT

On February 14tth 2013 the EU Commission adopted a proposal for a directive implementing enhanced cooperation in the area of financial transaction tax.

United Kingdom: The Patent Box Tax Regime - A Brief Insight Into Its Application - Charles Russell LLP

Thu, 16 May 2013 12:43:27 GMT

The Patent Box enables companies to apply a lower rate of Corporation Tax to profits earned after 1 April 2013 from its patented inventions and certain other innovations.

United Kingdom: Weekly Tax Update - Tuesday 7 May 2013 - Smith & Williamson

Thu, 16 May 2013 12:39:57 GMT

A list of discussions summarising the most recent tax related updates.

Canada: Budget 2013: A Response To Sommerer - McCarthy Tétrault LLP

Thu, 16 May 2013 12:37:44 GMT

The Federal Court of Appeal has determined in Sommerer that subsection 75(2) of the Income Tax Act did not apply to a fair market value sale of property to a trust.

Australia: Federal Budget 2013-14: Employment Taxes (including Superannuation) - Moore Stephens

Thu, 16 May 2013 11:32:36 GMT

There was no good news for individuals this budget and the proposed income tax reductions from 2015 have been deferred.

Canada: Beware Of The US "Snowbird Visa TAX BOMB!" - Moodys Tax Advisors

Thu, 16 May 2013 11:18:46 GMT

The current immigration bill pending before the US Congress contains provisions that will make it easier for Canadians and retirees to obtain non-immigrant status in the US.

Australia: Federal Budget 2013-14: Executive Summary - Moore Stephens

Thu, 16 May 2013 10:25:45 GMT

A high Australian dollar and slowing global economy has certainly impacted heavily on Labor's sixth budget for 2013-14.

Australia: Federal Budget 2013-14: Business Taxation - Moore Stephens

Thu, 16 May 2013 10:18:44 GMT

The Government has relied on Treasury and the ATO to target a series of reforms at perceived business tax loopholes.

United States: Alabama DOR Issues Controversial Local Nexus Regulation: Would Dramatically Alter The Rule On Delivery Nexus - Bradley Arant Boult Cummings LLP

Thu, 16 May 2013 10:11:42 GMT

On April 30, the Alabama Department of Revenue issued a proposed regulation regarding sellers’ obligations to collect and remit sales or use tax to Alabama cities and counties that would radically change the landscape of local sales and use taxes.

Australia: Federal Budget 2013-14: Private Clients - Moore Stephens

Thu, 16 May 2013 00:00:00 GMT

The 2013-14 budget has once again proven to be a quiet budget for private clients, with few specific measures announced.

Australia: Federal Budget 2013-14: Executive Summary - Moore Stephens

Thu, 16 May 2013 00:00:00 GMT

A high Australian dollar and slowing global economy has certainly impacted heavily on Labor's sixth budget for 2013-14.

Australia: Federal Budget 2013-14: Business Taxation - Moore Stephens

Thu, 16 May 2013 00:00:00 GMT

The Government has relied on Treasury and the ATO to target a series of reforms at perceived business tax loopholes.

United States: State And Local Tax Insights: Spring 2013 - Morrison & Foerster LLP

Wed, 15 May 2013 16:52:55 GMT

A state cannot include income in the apportionable base and then exclude the receipts and related factors that generated that very same income from the apportionment formula.

Canada: Canadian "Thin Capitalization" Rules: Further Broadening - McCarthy Tétrault LLP

Wed, 15 May 2013 15:52:17 GMT

Canada, like many developed countries, restricts the amount of interest a corporation resident in Canada may deduct on loans made by non-residents who are the CRIC’s significant shareholders or their affiliates.

United States: IRS ‘Repairs’ The Examination Of Tangible Property Regulation Issues - Pepper Hamilton LLP

Wed, 15 May 2013 14:44:53 GMT

The Internal Revenue Service has recently published an IRS Large Business & International Directive, which updates an earlier directive to field agents addressing the examination of capitalization and repair costs issues.

United States: Integrating Foreign Currency Hedges With Respect To Stock Purchase And Sale Agreements - Pepper Hamilton LLP

Wed, 15 May 2013 14:37:11 GMT

A discussion on some of the U.S. tax consequences of hedging stock purchase/sale agreements, and identifies certain practical issues and fixes.

United States: IRS Taking Tough Stand On Benefits And Burdens Of Ownership In Recent Section 199 ILM And Tax Court Cases - Pepper Hamilton LLP

Wed, 15 May 2013 14:32:10 GMT

On April 1, the Internal Revenue Service released ILM 2013130201 in response to an IRS Appeals Division request.

United States: New Directive Correctly Resolves Use Of Transaction Cost Safe Harbor For Milestone Payments – Questions Nonetheless Linger - Pepper Hamilton LLP

Wed, 15 May 2013 14:24:48 GMT

Under the Rev. Proc. 2011-29, a taxpayer may elect to treat 70 percent of all success-based fees as nonfacilitative, and treat the remaining 30 percent of the success-based fee as capitalizable.

Canada: International Aggressive Tax Avoidance And Tax Evasion - McCarthy Tétrault LLP

Wed, 15 May 2013 12:51:27 GMT

Canada’s 2013 federal budget released on March 21, 2013 introduces a number of measures to strengthen the ability of the Canada Revenue Agency to address international aggressive tax avoidance and to combat international tax evasion so as to maintain and protect Canada’s tax base.