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US: Willful FBAR violations capped at 50 percent of aggregate balance and not at 100.000 USD Cap

buckleyfirm.com/blog/2021-07-15/2nd-circuit-willful-fbar-violations-capped-50-percent-aggregate-balancebuckleyfirm.com/sites/default/files/Buckley%20InfoBytes%20-%20USA%20v.%20Khan%20-%202nd%20Circuit%20Opinion%202021.07.13.pdf See also:bit.ly/3qb7ZO4www.steptoe.com/en/news-publications/third-circuit-declines-to-reevaluate-willfulness-standard-and-affirms-dollar1m-fbar-penalty.htmlbit.ly/3C8j74j 0
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Tax, Tax Reporting, US Australia, Tax

India: First Tax Ruling on Interpretation of MFN Clause in Netherlands tax treaty permits benefit of 5% Tax on Dividends

www.khaitanco.com/thought-leaderships/First-Indian-tax-ruling-on-beneficial-interpretation-of-MFN-clause-in-India-Netherlands-tax-treaty-Allows-benefit-of-5-percent-tax-on-dividendsglobaltaxnews.ey.com/news/2021-5505-indian-court-rules-on-applicability-of-most-favored-nation-clause-for-determining-withholding-tax-rate-on-dividend-paymentswww.khaitanco.com/thought-leaderships/India-tax-administration-clarifies-its-strict-interpretation-of-the-Most-Favoured-Nation-clause-in-tax-treatieswww.khaitanco.com/thought-leaderships/Most_Favored_Nation_Clause_in_Tax_Treaties_not_Automatically_Favorable See also:www.lakshmisri.com/insights/articles/benefit-of-most-favoured-nation-clause-for-dividend-income-of-non-resident-interesting-battle-to-watch-out-for-before-apex-court/SC Ruling on MFN Clause in Tax Treaty: A conundrum for the tax deductors in India? | Lakshmikumaran & Sridharan Attorneys (lakshmisri.com) 0
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Double Tax Treaty, India, Netherlands, Tax Israel, Real Estate, Tax

UK: Danish ‘Cum-Ex’ case dismissed in its entirety

hardwicke.co.uk/commercial-court-dismisses-in-its-entirety-the-danish-governments-claims-in-skatteforvaltningen-the-danish-customs-and-tax-administration-v-solo-capital-partners-llp-in-special-administrat/www.bailii.org/ew/cases/EWHC/Comm/2021/974.htmlwww.lawgazette.co.uk/news/huge-danish-tax-case-falls-at-first-london-hurdle-/5108292.articlewww.reedsmith.com/en/perspectives/2021/04/landmark-ruling-dismisses-major-cumex-claimhsfnotes.com/tid/2021/05/06/danish-wht-fraud-claim-dismissed/#page=1www.charlesrussellspeechlys.com/en/news-and-insights/insights/litigation–dispute-resolution/2021/danish-tax-authority-loses-cum-ex-case-revenue-rule-reigns-supreme/ See also:www.5sah.co.uk/knowledge-hub/videos-and-podcasts/2021-05-10/watch-uncovering-and-mitigating-complex-financial-schemes-post-cumex#page=1www.rahmanravelli.co.uk/news/cum-ex-analysed-comprehensively-in-new-rahman-ravelli-guide/www.5sah.co.uk/knowledge-hub/articles/2024-02-13/dividend-trading-schemes-and-implications-of-solo-capital-founders-extradition-to-denmark Update:www.rpc.co.uk/perspectives/commercial-disputes/court-of-appeal-draws-distinction-between-claims-for-recovery-of-tax/#page=1Danish tax authority wins “cum-ex” tax fraud case at the Supreme Court, Hugh Gunson (charlesrussellspeechlys.com)blog.macfarlanes.com/post/102isly/supreme-court-allows-danish-tax-authority-to-litigate-in-english-courtsBehind the Schemes: ‘Cum-Ex’ Fraud and International Principles (capitallaw.co.uk)www.charlesrussellspeechlys.com/en/insights/expert-insights/dispute-resolution/2023/qa-supreme-court-finds-for-danish-tax-authority/www.europeantax.blog/post/102iyag/a-dicey-decision-or-not-really-a-tax-case-at-all#page=1 0
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Denmark, Tax, Tax Planning, UK Tax, Tax Reporting, US Banking, Corporate Taxation, Denmark, Tax Family Business, Tax, Tax Planning, UK

US: Tax Planning Firm appeals John Doe disclosure Order to Supreme Court

federaltaxcrimes.blogspot.com/2020/04/fifth-circuit-rejects-attorney-client.htmltaxlitigator.files.wordpress.com/2021/06/justices-asked-to-uphold-attorney-privilege-in-tax-client-list-row-law360.pdftaxlitigator.me/2021/06/18/law360-tax-authority-justices-asked-to-uphold-attorney-privilege-in-tax-client-list-row/ See also:www.hklaw.com/en/insights/media-entities/2023/04/the-supreme-court-punts-in-in-re-grand-jury#page=1 0
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Estate Planning, Litigation, Tax, Tax Planning, Transparency, US

Japan: FSA and NTA’s on Tax Treatment of carried Interest distributed to a Special Limited Partner

www.withersworldwide.com/en-gb/insight/japan-fsa-and-nta-s-announcement-regarding-the-tax-treatment-on-carried-interest-distributed-to-slpsinsights.michaelbest.com/post/102gwyi/new-tax-treatment-of-carried-interest-in-japanwww.fsa.go.jp/en/news/2021/20210401/01.pdfwww.klgates.com/Japan-Puts-Forth-Bold-Legislation-to-Attract-More-Foreign-Asset-Managers-to-Upgrade-Global-Financial-Center-Status-in-Post-COVID-19-World-4-21-2021 0
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Japan, Tax