Planning to reduce worldwide cash taxes through utilisation of existing tax attributes and deductions remained popular, while large internal restructuring projects began to take shape but remained mostly in the feasibility phase due to uncertainty brought upon by possible tax reform in the United States...
Planning to reduce worldwide cash taxes through utilisation of existing tax attributes and deductions remained popular, while large internal restructuring projects began to take shape but remained mostly in the feasibility phase due to uncertainty brought upon by possible tax reform in the United States...
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the subsidiary entity is (i) a Luxembourg resident entity fully subject to Luxembourg income taxes, (ii) a non-resident capital company liable for an income tax in its country of residence comparable to the Luxembourg CIT, or (iii) an entity resident in an EU Member State (as defined in ...
Stamp taxes Stamp duty is charged at 0.5% on instruments effecting sales of shares. Agreements to sell shares usually attract stamp duty reserve tax (SDRT) at 0.5%. The liability to SDRT may be cancelled by paying the stamp duty due on a stock transfer form (or other transfer instrument) ...
Under the CIT Law, non-TREs are subject to CIT on the capital gain derived from the disposal of equity investment in Chinese companies. In addition, the transfer has to be effected at fair value so that any gain shall be recognised for tax purpose at the time when the transaction takes ...
3 Yet the scale and the determinants of corporate tax evasion and avoidance remain elusive due to their secretive nature. I provide novel evidence suggesting that firms misreport their imports and exports to evade corporate income taxes (CIT), which I call the trade evasion channel, by exploiting...
Other sections of the speech that garnered loud cheers: when Trump called Covid the “China virus,” a popular and controversial refrain of his and when he promised that he would get rid of taxes on tips people earn. But by the end, the crowd was definitely feeling antsy. Trump went on...
The Spanish tax authorities will also focus on reviewing the tax on certain digital services, the tax on financial transactions and the temporary taxes on energy and credit entities. ii. Transfer pricing: The areas that, due to their relevance, will continue to be highlighted in 2024 are: busi...
whether, but for these conditions, profits may have accrued to the taxpayer and, due to the conditions, such profits had not accrued. The FCAFC upheld the appeal against the disallowance of A$894 million of interest deductions, which accrued on a A$5.2 billion loan that was used to fund ...