Author: Srishti Singh
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Axiata’s Ncell settles US$185m capital gains tax with Nepal
Axiata Group’s Nepal operator Ncell settled a long-drawn disputed capital gains tax bill with the government, under public protest. Ncell paid an outstanding amount of NPR22.4 billion ($183 million) along with NPR990 million in interest to the Large Taxpayers Office (LTO). The bill covered capital gains tax relating to Malaysia-based Axiata’s acquisition of an 80…
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COVID-19 : Will Coronabonds come to the rescue ?
Background Since the outburst of the COVID-19 crisis, various European leaders are at crossroads on finding the best forms of economic response to the coronavirus outbreak. But the proposal to have a way of joint debt vehicle, or the “Coronabonds” as an instrument to finance the economic activity is becoming the talk of the ensuing…
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Postponing the Olympics: Not so easy decision after all
Postponing the Olympics was not an easy decision, even though COVID 19 scare is imminent. Find out why through this article!
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India’s top court lifts ban on cryptocurrency trading
On 4 March 2020, the Supreme Court of India gave a historic judgement for the cryptocurrency industry by lifting ban on cryptocurrency trade in India. In essence, the order lifted the ban on trading in virtual currency, cryptocurrency, and bitcoins. 1. Background of the case 1.1. Ban on Cryptocurrency trading by RBI On 6 April, 2018,…
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Alta Energy : Canada Court Ruling in favour of treaty shopping
On February 12, the Federal Court of Appeal (FCA) gave its decision in The Queen v. Alta Energy Luxembourg S.a.r.l. (Alta Energy), a case that is significant in relation to guidance on the tax treaty interpretation under the domestic general anti-abuse rule (GAAR) on Capital gains tax exemption in Canada.
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CJEU Ruling on Dutch dividend withholding tax refund for foreign investment funds
On 30 January 2020, the Court of Justice of the European Union (CJEU) issued its decision in the Köln-Aktienfonds Deka case (C-156/17) regarding the compatibility of free movement of capital under EU law with the Dutch withholding tax on dividends distributed to non-resident investment funds. The Court held that some of the requirements for a…
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DAC6 Implementation into Dutch Law
DAC6 is going to be a game-changer by infusing transparency and fairness in taxation through mandatory disclosure requirements for reportable cross-border arrangements. However, there are complex technical, administrative, and procedural issues for the taxpayers and intermediaries while determining a reportable cross-border arrangement, which can be reflected in the new bill to implement DAC6 in the…
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Gucci Owner Kering Tax Settlement Case
A closer look behind the largest settlement ever agreed by a company with the Italian tax authorities.
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EU Digital Services Tax: Aiming towards a Unified Solution
The article traces the ongoing conflict in reaching a unanimous solution towards digital services tax within the EU.
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CFC Legislation in Finland: Analysis of the Draft Bill
An analysis of the draft bill amending CFC rules in Finland.
International Tax Panorama 