How Colombia’s Latest Tax Reform Affects Multinational Companies

Ahead of our next webinar on the impact of tax reform in Colombia, our experts discuss not only the changes made but also how it impacts multinational companies when doing business in Colombia.

The latest tax reforms are only a month old in Colombia, but experts believe this new reform could affect not only foreign direct investments but also economic growth due to the increase of the effective tax rate.

But how will the reform affect […]

By |February 10th, 2015|

United States: Florida’s Rose By Any Other Name: A “Music Service […] Is A Music Service;” Unless It’s An Information Service

Recently, the Florida Department of Revenue (“Department”) issued companion advisory opinions
14A19-005 and -006. The Department found that purchases and rentals of online movies and music are not subject to sales tax. Furthermore, purchases are also not subject to communications services tax. However, rentals are taxable as communications services.
The taxpayer’s video service allows customers to access video in streaming or downloadable format, or both. Customers either purchase or rent videos. Purchasers may keep the video […]

By |February 9th, 2015|

Australia: Queensland Supreme Court clarifies the meaning of interests in land

In a decision handed down on 30 January 2015, Sojitz Coal Resources Pty Ltd v Commissioner of State Revenue [2015] QSC 9, the Queensland Supreme Court ruled on what constitutes an ‘interests in land’ under the Duties Act 2001 (Qld) (Act).

The Commissioner has historically taken a very broad interpretation of ‘interest in land’, extending it to catch any right, power or privilege, over or in relation to land. The Court has now ruled this […]

By |February 9th, 2015|