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Giuliano Foglia

Mark Galea Salomone

See who has done the tax work on this month’s biggest deals. Promote your tax practice

Andrus Ansip, European Commission vice president for the digital single market, has promised to launch a proposal for an EU-wide VAT threshold on business-to-consumer (B2C) e-services "as soon as possible".

Peter Dachs It has been widely reported that the South African Revenue Service (SARS) is making application for the sequestration of Julius Malema, the head of the Economic Freedom Front political party, after the 'collapse' of a settlement agreement between the parties. These reports state that Malema did not correctly disclose the source of the funds used to settle the tax debt which formed part of the agreement. In determining whether settlement is appropriate the Commissioner of SARS must consider a variety of factors including the potential costs of litigation to SARS and its likelihood of success, factual or evidentiary difficulties which would make litigation or alternative dispute resolution problematic, whether settlement is in the best interest of good management of the tax system, overall fairness and use of SARS' resources.

New business models are prompting governments to diversify their approaches to taxation, as was seen in the Australian Budget Australian Treasurer Joe Hockey had plenty to say about large companies and their tax arrangements in his annual Budget statement on May 12. In a string of what he described as tax integrity measures, Hockey acknowledged that 30 unnamed taxpayers are being investigated for tax avoidance, announced that Australia is introducing a tax on e-commerce sales and committed the country to the OECD's transfer pricing documentation standards.

Rene Zulauf

Arun Jaitley, India's Finance Minister, has told tax authorities not to send out any new bills for minimum alternate tax (MAT) to foreign portfolio investors (FPIs) while a committee he has created looks into the controversy.

BRE could be a “remarkable case for the whole European Union” Poland has referred a case to the European Court of Justice (ECJ) which could dramatically impact insurance outsourcing activity across Europe. The case concerning insurance service provider BRE Ubezpieczenia (BRE) could, if it reaches the court, cause the ECJ to clarify long-standing VAT issues stemming from the 2005 Andersen case around the outsourcing of insurance services.

A deflated Tom Brady