The Supreme Tax Court has held that the gain from the early abandonment of a hedge is to be taxed as a separate item, rather than as part of the results of the main Transaction. Continue reading
Tax & Legal
The finance ministry has decreed that a Supreme Tax Court ruling that an option premium is expense on the decision not to exercise the option applies to hedges, but not to speculations. Continue reading
The Supreme Tax Court has held that the hedge costs on a foreign currency loan are to be deducted from the interest received in calculating the net foreign income as the basis for the foreign tax credit available.