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By: IPNS-Taxspecialists.com India – Authority offers guidance on taxation of permanent establishments The Authority for Advance Rulings, the body responsible for determining tax liability in India, recently ruled that an Indian subsidiary that exclusively carried on a group's business created a permanent establishment, and was liable to tax in India.(1).http:// Italy: Joint Liability Of The Customer And The Contractor For Tax Debts, Withholdings And Social Security contribution Article 13-ter of the Law Decree nr. 83 dated June 22nd 2012, converted into the Law nr. 134 dated August 7th 2012, has modified again the tax discipline of the joint liability between customer, contractor and subcontractor originally set by article 35 of the Law Decree nr. 233 dated June 7th 2006. : http://blogtaxspecialists.com/ France: Bienvenue En Grande Bretagne: Cameron Rolls Out The Red Carpet To Wealthy French Neighbours Article by Camilla Wallace and Charles Campbell Following Mr Hollande's successful campaign earlier this summer to become France's first socialist president in 17 years, it looks like the UK might end up being the beneficiary of his new tax proposals. These include a 75% top rate of tax for those earning more than one million euros per annum and an increase in wealth taxes on real estate assets. Since Mr Hollande announced his plans earlier in the year, London (in particular South Kensington –http://blogtaxspecialists.com/ Mexico-PRODECON/ La Procuraduría de la Defensa del Contribuyente (Prodecon) mediante su boletín 65/2012 señaló que avanza en su compromiso de acercar sus servicios a todas las Regiones del Estado Mexicano para proteger los derechos de los pagadores de impuestos: http://blogtaxspecialists.com/ Peru-Castilla: Antes del 1 de noviembre saldrá el primer paquete de medidas, anunció el ministro de Economía. Descartó el pago de impuesto en dólares El ministro de Economía y Finanzas, Luis Miguel Castilla, adelantó que las primeras normas del “shock” de gerencia pública anunciado esta semana saldrán a la luz antes del feriado del 1 de noviembre: http://blogtaxspecialists.com/ France-Google Strikes Back In French Internet Tax Battle by blogtaxspecialistsby Ulrika Lomas, Tax-News.com, Brussels Internet giant Google has threatened no longer to reference French press websites if the government goes ahead with plans to impose a tax on content on information aggregators. Google has said that it will remove French newspaper websites from its listings if a so-called ‘Lex Google’ tax is introduced. Based on the German model, the tax aims to ensure that search engines such as Google pay the French media ‘droits voisins’ or ‘related rights’ for the indirect use of their work. http://blogtaxspecialists.com/ China-China Becomes World’s Largest FDI Recipient The latest issue of its Global Investment Trends Monitor for the first half of 2012 from the United Nations Conference on Trade and Development (UNCTAD) has shown that China overtook the United States as the world's largest recipient of foreign direct investment (FDI), while Hong Kong remained in third place, despite falling inflows.: http://blogtaxspecialists.com/ France-French Deputies Approve 2013 Tax Barrage The French National Assembly has recently adopted by 319 votes to 223 the first part of the government’s 2013 finance bill concerning revenues, providing for EUR10bn (USD12.9bn) in expenditure savings, for EUR10bn in additional taxes on large corporations in France, and for a EUR10bn contribution from households, notably the country’s most wealthy. http://blogtaxspecialists.com/ End
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