Law Decree 16/2012 has modified Art. 164 of the Italian income and corporation tax act (TUIR) which governs the deductibility of the cost relating to private and commercial vehicles. The mentioned law change reduced the percentage of the deductibility of costs related to private cars assigned and not assigned to employees. Relevant cases:
Read moreThe most important changes are described below:
Read moreThere are many formal requirements applicable to such agreements in German company law. Until now a significant risk existed that if all the profit (or loss) was not transferred to the parent entity, e.g. due to errors in the annual accounts of the subsidiary, the tax authorities regarded the agreement as not executed.
Read moreThe courts found in the Felixstowe Dock and FCE Bank cases that denying the group relief between two UK resident companies was not in line with the Tax Treaty non-discrimination provision where the UK companies were held through a non-UK parent. Both cases concerned group relief between UK companies – cross border group relief was not claimed.
Read moreFollowing the 2010 London and the 2011 Paris cups, the third RSM Europe football tournament was back in town in Amsterdam this year. And so rightly it was back in town. I mean, we had a brilliant opportunity to share every inch, every second, every minute of a long, sporting day with ladies and gentlemen of our own breed: the smart and kind of the RSM network.
Read moreInnovative solutions allow growth and progress at a time of crisis also – this is the message of the twenty Hungarian companies that have made it to this year’s finalists of the prestigious European Business Awards. All of these companies attribute their success to an ability to constantly reinvent themselves. The finalists also have the chance of winning the highly acknowledged Ruban d’Honneur award. European award winners will be revealed in September.
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