Friday, February 8, 2013

[aaykarbhavan] Fw: Dbriefs Bytes: 8 February 2013


----- Forwarded Message -----
From: Dbriefs Bytes – Deloitte <dbriefsbytes@deloitte.com>
To: Dbriefs Bytes – Deloitte <dbriefsbytes@deloitte.com>
Sent: Friday, 8 February 2013 2:26 AM
Subject: Dbriefs Bytes: 8 February 2013




Dbriefs Bytes
Dbriefs Bytes brings you a weekly summary of the significant international tax developments impacting Asia Pacific. This 5 to 10 minutes video will be broadcast every Friday afternoon. Stay tuned!





Click the image to access the video
In this Dbriefs Bytes, we cover the following topics:
  1. Treaties
    • Guernsey / Singapore
      • Treaty signed 6 February
    • Luxembourg / Sri Lanka
      • Treaty signed 31 January
    • India / Poland
      • Protocol signed 29 January
      • Short-form LOB article
    • Japan / U.S.
      • Protocol signed 24 January
      • Mandatory binding arbitration
  1. India
    • U.S. / India MAP process
      • Mike Danilack airs his frustrations
    • Nokia
      • US$2.4 billion tax demand (mainly transfer pricing)
    • Shell
      • US$2.8 billion transfer pricing adjustment
      • Injection of equity by 100% shareholder: per share price was "too low"
    • Indian Cricket Board
      • US$400 million tax demand (challenge to charitable status)
  1. Myanmar
    • Foreign Investment Law Rules issued on 31 January
    • Identifies specific business activities in which foreign investment will be
      • Prohibited; or
      • Only permitted to be carried out through a JV; or
      • Only permitted to be carried out subject to conditions
    • Myanmar Investment Commission
  1. Australia
    • Large and multinational companies will be required to publicly disclose the amount of Australian tax they pay
  1. VAT
    • OECD draft VAT guidelines issued for public comment by Friday 3 May
  1. On a lighter note…
    • Video game: "I Get This Call Every Day"
    • Bob: outsourced his job to China (and captured location savings!)
To view the videos, please visit our website via www.deloitte.com/ap/dbriefs/bytes or go to iTunes to download the videos.
Please note that CPE/CPD credit is NOT provided for watching Dbriefs Bytes. For more information on how to apply for CPE/CPD credit, please refer to our CPE/CPD information page.
For general enquiry on Dbriefs Bytes, please email to DbriefsBytes@deloitte.com

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