Mansi Seth, head of Nishith Desai Associates’ US practice, and Ashish Sodhani, a senior member of the firm's international tax practice, discuss the renegotiated India-Cyprus tax treaty, which provides for source-based taxation of capital gains arising from alienation of shares . . .
India and Cyprus have completed negotiations for a new tax treaty that allows for source-based taxation of capital gains from the alienation of shares and have agreed to Cyprus's removal from India's blacklist of "notified jurisdictional areas," Cyprus's . . .
Ashish Goel reviews a key decision of India’s Madras High Court, rendered April 12, that upholds the Indian government’s classification of Cyprus as non-cooperative, allowing a burdensome tax regime to apply to transactions between Indian taxpayers and Cypriot individuals and companies . . .
The European Commission has enlarged its state aid investigation into private tax ruling practices to cover all 28 European Union states. "The Commission will ask Member States to provide information about their tax ruling practice, in particular to confirm whether they provide tax rulings, and, if they do, to request a list of all companies that have received a tax ruling from 2010 to 2013," the Commission said December 17 in a press release . . .
The Swiss government on November 24 announced that double tax agreements signed by Switzerland and Cyprus, Iceland, Estonia, and Uzbekistan have entered into force. The goverment also announced that Switzerland signed . . .