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The Australian Tax Office yesterday released its response to the High Court ruling in the high-profile Bamford trusts case.

The Indian tax authorities have filed a 761-page order to support its claim that Vodafone is liable for a multi-billion dollar tax bill following its 2007 deal with Hutchison.

Formerly head of the firm's New York office, Brad Okun now leads the tax practice.

UBM, the business media company, will pay £46.5 million ($70.3 million) to Her Majesty's Revenue & Customs to settle a capital gains dispute that arose after the £360 million sale of its regional newspaper business in 1998.

The ECJ ruled that Spain unjustifiably restricts the free movement of capital in the EU by treating dividends paid to non-residents less favourably than those received by resident shareholders: the higher shareholding threshold for non-resident companies (20%) than resident entities (5%) before they obtain a tax exemption on dividends from Spanish companies, was discriminatory.

Failure of a Member State to fulfil obligations; Free movement of capital; Articles 56 EC and 40 of the EEA Agreement; Difference in treatment; Dividends distributed to resident and non-resident companies;

Edward Tanenbaum Tola Ozim On February 26 2010, the Financial Crimes Enforcement Network (FinCEN) of the US Treasury Department issued a notice of proposed rulemaking proposing to amend the Bank Secrecy Act (BSA) implementing regulations regarding the Report of Foreign Bank and Financial Accounts (FBAR). On the same date, the Treasury and the Internal Revenue Service (IRS) issued long-awaited additional guidance to FBAR filers. Notice 2010-23, 2010-11 IRB was issued extending the filing deadline for certain FBAR filers until June 30 2011. The Notice also provided some clarity with respect to the FBAR filing obligations pertaining to commingled funds. In addition, Announcement 2010-16, 2010-11 IRB was issued continuing the suspension of FBAR filing requirements for persons who are not US citizens, residents or domestic entities.

Henry An Postponement of reduction in highest income tax rate

Hatasakdi na Pombejra In general, the franchise agreement is an agreement made between the franchisor and franchisee for the right to use the franchisor's brand know-how, including relevant services. For this purpose, the franchisee agrees to pay the franchisor in a form of franchise fee, royalty fee, marketing and advertisement service fee and other service fees to the franchisor.

The Portuguese Budget Law for 2010 was approved by the Portuguese parliament on March 15 2010. Although the final text of the law is not yet available, the proposals initially included in the Budget Bill proposal were accepted together with relevant final amendments. These last minute inclusions cover the reduction of the loss carry forward period from 6 years to 4 years, amendments to the property tax exemption available for certain real estate investment funds, and adjustments to tax amnesty for undeclared funds held abroad.