NEW YORK — Coca-Cola was notified by the IRS that it owes $3.3 billion more in federal taxes, as well as interest, for 2007 to 2009, the company said Friday. The Atlanta-based company said in a regulatory filing that it believes the assessments from the Internal Revenue ServiceTax authorities are fundamental institutions within government frameworks, […]
Transfer Pricing: In effect hits Coca Cola Read More »
Treaty between Mauritius and South Africa enters into force On 28 May 2015, the Mauritius – South Africa Income TaxIncome Tax is a direct levy imposed by governments on the income generated by individuals, corporations, and other entities within a specific jurisdiction. It serves as a major source of revenue for governments and funds various
Treaty between Mauritius and South Africa enters into force Read More »
REGISTER NOW! Webcast #7: Update on BEPSBEPS stands for “Base Erosion and Profit Shifting”. BEPS refers to tax avoidanceTax avoidance refers to the practice of legally structuring financial activities to minimise tax liability, reducing the amount of tax owed without violating laws. Unlike tax evasion, which is illegal and involves concealing income or misreporting, tax avoidance operates within the framework of the law. Multinational enterprises (MNEs) and individuals often engage in tax planning strategies that reduce tax liabilities... More strategies used by multinational enterprisesWhat are Multinational Enterprises (MNEs)? Multinational Enterprises, commonly referred to as MNEs, are corporations that operate in multiple countries through various subsidiaries, branches, or affiliates. These entities maintain a central management structure while leveraging diverse resources, labour markets, and customer bases across borders. The fundamental aspect that distinguishes MNEs from other corporate forms is their cross-border activity, which can include... More (MNEsWhat are Multinational Enterprises (MNEs)? Multinational Enterprises, commonly referred to as MNEs, are corporations that operate in multiple countries through various subsidiaries, branches, or affiliates. These entities maintain a central management structure while leveraging diverse resources, labour markets, and customer bases across borders. The fundamental aspect that distinguishes MNEs from other corporate forms is their cross-border activity, which can include... More) to exploit gaps and mismatches in the international tax system. By shifting profits from high-tax jurisdictions to low- or no-tax locations, MNEsWhat are Multinational Enterprises (MNEs)? Multinational Enterprises, commonly referred to as MNEs, are corporations that operate in multiple countries through various subsidiaries, branches, or affiliates. These entities maintain a central management structure while leveraging diverse resources, labour markets, and customer bases across borders. The fundamental aspect that distinguishes MNEs from other corporate forms is their cross-border activity, which can include... More reduce their overall tax burdenTax liability represents the total amount of tax owed by an individual or business to a tax authority, whether local, national, or international. This obligation arises through various forms of income, profits, or transactions subject to taxation laws and regulations. Understanding tax liability is essential for compliance and efficient financial management for corporations and individuals. It influences how businesses structure... More, even if little to
REGISTER NOW – Webcast #7: Update on BEPS Project Read More »
April/May 2015[1] Impact of FATCA on Cook Islands Entities[2] TABLE OF CONTENTS Background The key differences between FATCA and IGA Models 1 and 2 What does FATCA Mean for Cook Island Entities When Will a CI Entity be Classified as a Foreign Financial Institution Hedge Funds and Private Equity Funds CI Managers and Advisors
Cook Islands: FATCA’s impact – this paper applies to many other offshore centres Read More »
21 April 2015 US Supreme Court finding. Rodriguez v. United States, No. 13-9972. Police violated the Fourth Amendment when they extended a traffic stop in order to conduct a dog sniff when there was no reasonable suspicion that justified holding the motorist any longer after the officers checked his license and issued a warning ticket
USA Supreme Court: Principles applicable in Africa Read More »
Nigeria: Nigeria Tax Summaries – 25 March 2015 Last Updated: 2 April 2015 Article by Taiwo Oyedele PwC Nigeria Have you ever been in a position where you needed to quickly confirm tax rates, filing deadlines, penalty for default, and other tax obligations? Even if you haven’t, don’t wait until you are stranded. Download and
Nigeria: Tax Summaries 25 March 2015 Read More »
About ZimLII The Zimbabwe Legal Information Institute (ZimLII) Zimbabwe Legal Information Institute (ZimLII) is an independent not-for-profit TrustA comprehensive look at trusts in international tax law, including definitions, practical examples, key cases, and synonyms. More hosting an online repository of legal information from Zimbabwe and beyond. The organisation aims to provide for the knowledge needs of a growing group of people learning, aware and interested in the justice and legal framework of
About ZimLII | Zimbabwe Legal Information Institute Read More »
Tax Appeal Tribunal rules on the treatment of capital allowance clawback in a disposal of an oil asset February 2015 In brief In a recent decision, the Tax Appeal Tribunal (“Tribunal”) held that no capital allowance claw-back (balancing charge) should be computed on the disposal proceed relating to intangible assetsIntangible Assets are non-physical assets that
A recap of the REIT provisions and the latest amendments thereto 24 February 2015 Author: Toinette Beckert (ENSafrica) The provisions in the Income TaxIncome Tax is a direct levy imposed by governments on the income generated by individuals, corporations, and other entities within a specific jurisdiction. It serves as a major source of revenue for
S.Africa: A recap of the REIT provisions and the latest amendments thereto Read More »
