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HTMLUK Chancellor of the Exchequer Issues Annual Autumn Statement
Duane Morris LLP;
Legal Alert/Article
February 16, 2015, previously published on December 3, 2014
UK Chancellor of the Exchequer George Osborne delivered his annual Autumn Statement on 3 December 2014. This Alert highlights the key contents of the statement, but the detail of the proposals will become apparent only on the publication of the Finance Bill next week. We will issue another Alert at...

 

HTMLTax-Related Identity Theft and Scams Skyrocketing ... Stay Protected
Duane Morris LLP;
Legal Alert/Article
February 16, 2015, previously published on December 8, 2014
Victims of identity theft and, in particular, tax-related identity theft and tax scams continue to increase at alarming rates. The Internal Revenue Service (IRS) estimates that it erroneously paid more than $5 billion in fraudulent tax refunds to identity thieves in 2013. Tax-related identity theft...

 

HTMLMumbai Income Tax Appellate Tribunal Rules on Whether Income of Offshore Discretionary Trust Is Subject to Tax in India
Duane Morris LLP;
Legal Alert/Article
February 16, 2015, previously published on January 15, 2015
The Mumbai Income Tax Appellate Tribunal (ITAT) has recently determined the following issue in the affirmative in the case of Manoj Dhupelia: Should the income of an offshore discretionary trust be subject to tax in India, if no distributions have been made to beneficiaries in India?

 

HTMLPotential Impacts of Foreign Portfolio Investors and the Minimum Alternate Tax in India
Duane Morris LLP;
Legal Alert/Article
February 16, 2015, previously published on January 23, 2015
A fascinating tale of two relatively new concepts coming head-to-head - Foreign Portfolio Investors (FPIs) and Minimum Alternate Tax (MAT) - is unfolding in India currently.

 


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