United States: Hold The Phone! AT&T’s Constitutional Challenge To Mississippi’s Dividend Exclusion Statute Is Still Alive

A Mississippi trial court has again found unconstitutional the state’s dividend exclusion statute, which disadvantages certain multistate taxpayers as compared to solely Mississippi taxpayers. This result comes from AT&T’s 16-year effort to attack two statutes that denied it benefits available to taxpayers doing all of their business in Mississippi. A number of cases in the administrative appellate pipeline present the same issue(s) as AT&T, stemming from audit positions firmly maintained by the Mississippi Department […]

By |April 20th, 2015|

UK: Reporting Requirements Are Expanding Rapidly

In recent years we have seen a seismic shift in the tax transparency landscape. The US Foreign Account Tax Compliance Act (US FATCA) has proved to be a watershed moment and we are rapidly moving towards a global network of automatic information exchange spearheaded by the OECD’s Common Reporting Standard (CRS).

These regulations impact a wider range of businesses than ever before and mean that a mixture of client information and financial data will be reported […]

By |April 20th, 2015|

Turkey: The Prime Minister Of Turkish Republic Has Announced The Economic Incentive Package

On 2 April 2015, Turkey’s Prime Minister Ahmet Davudoğlu announced a 11-step new incentive package to secure investment financing for the country. The incentive package aims at promoting employment, industrial investments and real economic growth.

Prime Minister Davudoğlu announced that in terms of investment incentives tax deductions will be increased for investments in 2015 and 2016. Investments in advanced technology will be fully supported, being considered preferential investment and benefiting from higher tax deductions from […]

By |April 19th, 2015|