Ruling suggests £5bn tax refund May 23, 2012 A SUPREME Court ruling that the government had breached an aspect of EU law yesterday brought the prospect of £5bn-worth of tax refunds closer for companies. The ruling means that British American Tobacco, lead claimant in the case alongside five other multi-national companies, now has the right to recover any tax wrongly paid extended back [...]
Warning over graduate job adverts after new legal ruling April 25, 2012 THE FREEDOM of companies to advertise graduate level jobs has been cast into doubt by a Supreme Court ruling over age discrimination towards an ex-policeman. Judges said Terence Homer, a former detective inspector who worked at the Police National legal Database, had faced indirect discrimination following the introduction of a new system of three salary [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 9, 2012 FINANCIAL TIMES Morgan Stanley sheds staff as transactions fall Morgan Stanley will this week complete a round of job cuts that will ultimately see the company shed 100 sales and trading staff, underscoring what is expected to prove a dismal second quarter for Wall Street banks. The cuts are across Europe, the Middle East and [...]
Essar files writ over Indian tax repayments May 8, 2012 INDIA-FOCUSED energy company Essar Energy yesterday filed a writ in the Gujarat high court to seek more information on how it should repay taxes owed. In January the company was told it could not defer the repayment of sales tax the Indian government claimed it was owed. Essar unsuccessfully appealed to the country’s supreme court. [...]
Essar files writ over Indian tax repayments May 8, 2012 INDIA-FOCUSED energy company Essar Energy yesterday filed a writ in the Gujarat high court to seek more information on how it should repay taxes owed. In January the company was told it could not defer the repayment of sales tax the Indian government claimed it was owed. Essar unsuccessfully appealed to the country’s supreme court. [...]
Surprisingly positive data lifts US shares June 27, 2012 U S stocks rose yesterday as stronger-than-expected economic data helped lift energy stocks, overshadowing concerns a European Union summit will not yield tangible progress in easing the debt crisis. The energy sector showed the strongest gains among the 10 major S&P 500 groups, rising 1.9 per cent as oil prices settled higher at $80.21 a [...]
Dedicated Federer of fashion February 27, 2013 THERE IS a problem. It is 8am in Dubai and a freak storm has descended over the improbable desert city. Where there should – statistically, at least – be clear, azure skies, there is a mulch of saggy grey cloud. This is a problem because I was supposed to be boarding a helicopter to Roger [...]
Trade bodies slam Indian tax law April 1, 2012 The CBI and other industry bodies have written to Manmohan Singh, the prime minister of India, “to express deep concerns” about the tax provisions proposed in the Finance Bill 2012. The new laws would introduce a retrospective tax on overseas deals in India over the last 50 years and reverse the judgment of several cases, [...]
Vodafone wins India tax appeal March 20, 2012 Vodafone yesterday won a fresh review in the Indian courts over its tax dealings in the country, helping send its shares up two per cent to top the FTSE 100 leaderboard. The Supreme Court dismissed an appeal brought by the government, which argued against a decision in January clearing Vodafone of liability for tax on [...]
Vodafone wins India tax appeal March 20, 2012 Vodafone yesterday won a fresh review in the Indian courts over its tax dealings in the country, helping send its shares up two per cent to top the FTSE 100 leaderboard. The Supreme Court dismissed an appeal brought by the government, which argued against a decision in January clearing Vodafone of liability for tax on [...]