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The International Chamber of Commerce (ICC) has criticised jurisdictions that are attempting to tax international transactions that do not take place within their borders.

Freedom of establishment – Free movement of capital – Direct taxation – Income tax legislation − Determination of the taxable income of companies − Companies having a relationship of interdependence − Unusual or gratuitous advantage granted by a resident company to a company established in another member state − Addition of the amount of the advantage in question to the profits of the resident company which granted it − Balanced allocation of the power to tax between member states − Combating tax avoidance − Prevention of abuse − Proportionality.

Income Tax Act; LLC; The Canada United States Income Tax Convention; Canadian sourced income; tax-deferred non recognirition transasction; Internal Revenue Code; US Limited Liability Company;

The Indian Supreme Court has granted a tax holiday to one taxpayer after ruling that the duplication of software from a master copy to a blank disc constitutes a manufacturing process

Textron, an aerospace and defence company, has filed a petition with the US Supreme Court for a writ of certiorari to review a decision on work product privilege

The New Zealand government needs to drastically improve the country's tax system or face falling levels of international competitiveness, says a report by a group of leading tax professionals and officials.

Countries introduce new taxes on banking industry to recoup losses from government bailouts

The European Court of Justice (ECJ) has found that two UK taxpayers can amend declarations to repay or remit a Customs debt in a case concerning the impact of using an incorrect customs procedure code on customs declarations when goods are being exported from the EU

European Union finance ministers agreed on draft legislation concerning the recovery of taxes in fraud cases, improving tax governance and combating tax evasion at their meeting yesterday.

Negotiators in the US House and Senate are close to reaching an agreement on the controversial tax provisions in the health care reform legislation, but this progress might be in peril after the outcome of the Senate election in Massachusetts on Tuesday.