Russia Adopts New Legislation On Consolidated Group of Taxpayers
November 21, 2011 in International Tax Monitor
MOSCOW — Russian authorities adopted a new law on the consolidated group of taxpayers (CGT), and reviewed some other provisions of the country’s tax legislation. President Dmitry Medvedev signed Federal Law No. 321-FZ, dated Nov. 16, to amend the Russian Tax Code and pass the country’s new CGT legislation, according to an announcement of the [...]
Switzerland Eases Rules on Account Data Transfer for U.S. Clients of Swiss Banks
November 17, 2011 in International Tax Monitor
GENEVA — The government of Switzerland has agreed to ease existing rules on the transfer of information on secret Swiss bank accounts of U.S. clients in a further effort to diffuse tensions with the United States over funds hidden away in Swiss banks. The Swiss government announced Nov. 16 that the Federal Council, the government’s [...]
ECJ clarifies meaning of ‘one type of goods’ in application for binding tariff information
November 14, 2011 in Indirect Taxes
Christian Struck, Indirect Tax, PricewaterhouseCoopers Germany This publication contains opinions of the writer and may not reflect views or opinions of PricewaterhouseCoopers. The European Court of Justice has clarified, in a preliminary ruling, the meaning of ‘one type of goods’ in relation to applications for binding tariff information (case C-199/09 Schenker SIA v. Latvian State [...]
ECJ confirms that assignment of debts at discount is not taxable supply of debt collection by assignee
November 7, 2011 in European Tax Service
Finanzamt Essen-NordOst v GFKL Financial Services AG (Case C-93/10) Greg Sinfield, Tax Partner, Hogan Lovells, London Since the decision of the Court of Justice of the European Union (ECJ) in MKG-Kraftfahrzeuge-Factoring (Case C305/01) in 2003, there has been continuing uncertainty about the VAT treatment of assignments of debts at a discount. Some EU Member States [...]
