Following the recent actions taken by the Australian Taxation Office to freeze the bank accounts of the private equity firm TPG, the Commissioner of Taxation has released two draft Taxation Determinations (TDs): TD 2009/D17 Treaty Shopping - Can Part IVA of the Income Tax Assessment Act 1936 apply to arrangements designed to alter the intended effect of Australia's International Tax Agreements network?; and TD 200
In light of the ineffectiveness of tax litigation and the increased mistrust of taxpayers in relation to tax decisions, with the decision-makers very often hiding behind mere decisions of form, it is imperative that we weigh up alternative methods for resolving tax disputes, such as mediation, conciliation, and tax arbitration itself, in order to deal with disputes accumulated and arising out of relations between the State and the taxpayer, thus reversing the fe
The United States Patent and Trademark Office (PTO) announced that, as part of President Obama’s recently proposed budget for Fiscal Year (FY) 2011, the PTO’s budget would be $2.322 billion, a 23 percent increase over FY 2010. This significant budget increase is part of PTO Director Kappos’ long term plan for increasing PTO examination efficiency and decreasing the backlog of applications ...
During negotiation of the Good Friday Agreement, it was suggested that sometimes "we all have to jump together". Having read through the Local Government and Communities Committee Report published on 28th January 2010 following an inquiry into Local Government Finances, this quote has particular resonance. While there is perhaps nothing new in the report, it is certainly timely as local government works its way through the budget setting exercise for 2010/11 ...
On January 1, 2010 the Federal law “On amendment the Federal Law “On the employment of the population in the Russian Federation” (hereinafter – the “Law”) came into force. The Law provides for the equal rights to the dismissed citizens, who worked under employment contract with individual entrepreneurs and to those who were dismissed from legal entities ...
We would like to present you an overview of the most valuable changes in Tax legislation effective since January 1, 2010. Also we would like to point out the recently adopted Decision of the Presidium of the Supreme Arbitrazh Court of the Russian Federation significant from the tax standpoint ...
The transfer tax situation for 2010 could hardly be more confusing. A last-ditch effort in the Senate to extend the 2009 rates and exemptions was blocked by Senators who support repeal or higher exemptions and lower rates. Supporters of continuing the 2009 rules ($1 million gift tax exemption, $3 ...
The fifth anniversary has just passed of the Constitutional Court’s 2004 ruling which declared that Article 158 and certain other articles of the Manpower Law in relation to serious misconduct were against the Indonesian Constitution. Effectively, an employer could not immediately terminate an employee for serious misconduct but had to wait for a court judgment of guilt before initiating termination ...
The Government of the Republic of Indonesia has entered into over 60 agreements on avoidance of double taxation with other countries. These agreements normally state the scope and the parties who are entitled to avoidance of double taxation benefit. In practice, some parties may abuse the avoidance of double taxation by structuring a transaction in a certain way ...
With the current recessionary climate there has been a significant increase in redundancies and other dismissals. This has led to an inevitable increase in the use of compromise agreements whereby an employee signs a document agreeing not to bring particular employment or contractual claims in exchange for a financial settlement.Here we look at some of the key issues in considering how termination payments could be structured ...
Seeking a state purchasing contract? You may now be required to register as a lobbyist. Some independent contractors who help vendors secure procurement contracts in Texas are now required to register with the Texas Ethics Commission.1 House Bill 3445, which the Texas Legislature passed last spring during the 81st Texas Legislative Session, established new guidelines for lobbying activities related to state procurement contracts ...
Over the last ten years, Quebec soc iety has frequently been called on to establ ish means for integrating human rights in the workplace, particularly with respect to accommodation matters ...
In the case of Leung Ka Lau & Ors v The Hospital Authority [2006] HKEC 399, doctors working in public hospitals successfully claimed compensation in the Court of First Instance for "rest days" and "holidays" for which they had been deprived but lost their claim on compensation for "overtime" worked (Please refer to our newsletter issue 2006.2) ...
The decision by presiding judge William Stone has overruled the Labour Tribunal decision in January 2009 and allowed the appeal of Cathay Pacific. The Tribunal presiding officer held that line duty and ground duty allowances could be characterized as "daily wages". They were recurrent in nature, calculated on a daily basis and directly related to the number of hours worked ...
Winning the case against its flight attendants, Cathay Pacific loses against a group of pilots they sacked during a 2001 industrial dispute. The airline, one of Asia's biggest, was ordered to pay damages to each of the 18 pilots whose employment had been terminated by Cathay Pacific ...
The statutory Minimum Wage Bill (the "Bill") was gazetted on 26 June 2009 and tabled at the Hong Kong Legislative Council on 8 July 2009. The Bill will require every employer to pay employees minimum wage at an hourly rate, however it does not seek to regulate the number of hours that employees spend at work ...
In a decision that stands as a cautionary note to trustees of pension and benefit plans, the Ontario Superior Court of Justice has found the Trustees of the Canadian Commercial Workers Industry Pension Plan (the "Plan") guilty of breaching the investment rules applicable to pension plans in Ontario. 1. The Facts in Christophe The Plan’s portfolio is valued at approximately $1 billion ...
On 1 September 2009, the long-anticipated Social Security Agreement between the Kingdom of Belgium and the Republic of India (the “SSA”) entered into force. The SSA was signed in New Delhi on 3 November 2006 and is considered as a landmark agreement as it was the first treaty of its kind to be signed by the Indian authorities. Therefore it is likely to serve as a benchmark for similar agreements between India and other countries ...
At this moment, according to the Brazilian Constitution, employees may not work more than 44 hours per week. Also, whenever employees work overtime, the hourly rates are increased by at least 50%. Yet, a Constitutional Amendment Bill is being discussed in Brazilian House of Representatives in order to change such provisions. Bill no ...
THE CONFIDENTIALITY AGREEMENT, CAN YOU LIVE WITHOUT IT?Patrice André [email protected] are advising a client who is selling his business. The parties have already signed a letter of intent that provides for a due diligence review to be conducted in respect of your client’s business ...
In its Sea Judgement of 10 September 2009 (C-573/07), the European Court of Justice (ECJ) further clarifies its “in-house” jurisprudence. More specifically, it goes more deeply into the notion of control ...
In Belgium, contracting agreements are subject to the Belgian Civil Code (‘BCC’) plus several other regulations. In this article, we briefly discuss five rules which foreign investors or principals may be surprised apply to Belgian contracting agreements. Make sure you avoid these pitfalls!1 ...
The Acoset judgment of the ECJ dated 15 October 2009 (C-196/08) was related to a dispute about an institutionalised public-private partnership (IPPP). A local authority wanted to grant a concession to a newly-created semi-public company, whose minority shareholder would be a private company selected by an open tender procedure. The minority shareholder would be responsible for the operations of the semi-public company ...
In the Horizon Pleiades case, the Council of State was confronted with an interesting question: if a public authority organises a procedure to select its partner for a PPP company, which will perform works or services which would normally be covered by the Procurement Directives, does the selection procedure have to comply with the rules laid down in the Procurement Directives or can a “light” selection procedure be used? In its ruling, dated 19 June 2009, the Council of Stat
We would like to draw your attention to the upcoming valuable updates in Tax legislation. Below we have placed a short overview of the hottest issues already occurred in Russian tax environment and some to be introduced in the nearest future. Respectively, these incentives are proposed either to overcome consequences of the financial crisis, or to realize the next step of the long-term policy of stabilization and modernization of the Russian tax system ...
