Double Taxation Avoidance Agreements And Taxation Of Controlled Foreign Companies (“CFC”) In Turkey

Although it has been long time to have CFC regulation in Turkey, in parallel with the increasing rate of growth of Turkish economy, many major entrepreneurs making Turkey related businesses required to focus on management of their taxation policies in consideration of CFC regime in Turkey.CFC rules of Turkey have came into effect with 5520 numbered Corporate Tax Law (“CTL”) of Turkey by being published in 26205 numbered Official Gazette dated 21 June 2006. […]

By |September 8th, 2013|

At A Glance… Mozambican Tax System

General Information
Mozambican tax system – The Mozambican tax system is, nowadays, a modern tax system with a tripartite structure which compares to the most modern tax systems where the income, consumption and assets are taxed separately. However, the current structure is relatively recent, deriving from the 2002 tax reform, which has completely changed the pre-independence system which was previously effective. The new Mozambican tax system includes solutions customized to the new economic reality, including the […]

By |September 4th, 2013|

New Jersey Tax Court Rules That Dual Nexus Standards Are Inappropriate In Applying ThrowOut

The New Jersey Tax Court ruled that the Division of Taxation may not apply dual nexus standards for Throwout purposes. In 2011, the New Jersey Supreme Court narrowed the Throwout rule to find it Constitutional on its face in Whirlpool Properties, Inc. v. Director, Division of Taxation. In so doing, it held that Throwout does not apply when another state may Constitutionally impose a tax on the taxpayer – regardless of the tax decisions by […]

By |August 28th, 2013|