European Union: New Value Added Tax Case Decided By European Court Of Justice Against Skandia America Corp.(USA)

Last Fall, the European Court of Justice (ECJ) held that Skandia America Corp. was liable for the VAT on supplies of services to its Swedish branch. Sverige v. Skatteverket, C-7/13, September 17, 2014. In 2007 and 2008, Skandia America Corp. (SAC), a corporation organized in the U.S., served as the world-wide purchasing company for IT services for the Skandia group and carried out its activities in Sweden through its branch, Skandia Sverige. SAC distributed […]

By |February 2nd, 2015|

Start Asking Questions About Guernsey QROPS Now Rather Than Later

Is your client locked into a Guernsey QROPS? Our head of international pensions has a word of warning.
With the pension market opening up as the UK Government moves to create “Pension Freedom”, it would appear that some Guernsey schemes might seek to prevent those who have transferred their UK Pension Funds to a (now closed) GuernseyQROPS from taking advantage of the new regulations.

One Guernsey provider commented (extract):

“We are starting to see requests from other QROPS clients […]

By |January 31st, 2015|

Government of India Decides Not to File Appeal in Vodafone India Case, Providing Tax Clarity to Foreign Investors

Accordingly, the Bombay High Court judgment now attains finality and will thus accord a great measure of tax clarity to foreign investors in India.
Further to our previous Duane Morris Alert from 14 October 2014, in which we reported that the Bombay High Court delivered a judgment in favour of Vodafone India in a $490 million tax dispute, the Government of India on 28 January 2015 has decided not to file an appeal in this […]

By |January 31st, 2015|