Financial Instruments Tax and Accounting Review

Despite its tag as an emerging economy, the risk of tax leakage on any poorly planned foreign direct investment would be familiar to practitioners in more mature markets, warns Amerjeet Singh.

With the High Court finding itself compelled to apply complex repo legislation in a way that produced an economically unsatisfactory result, Chris Bates argues the solution is in the hands of Parliament and the draftsman.

Louise Palmer and Clare Bouwer of Linklaters LLP summarise recent developments that may be of interest to FITAR readers.

New Year’s Day 2009 brings with it some welcome festive cheer for those facing accounting upheaval in the wake of IASB’s decision to clarify the boundaries of hedge accounting under IAS 39, its derivatives accounting standard, writes Stephen Bouvier.