Canada signs 31 APAs in FY 2014/2015

August 21, 2015

Canada signed 31 advanced pricing arrangements (APAs) in FY 2014/2015, the most in five years, according to data released August 20 by the Canadian Revenue Agency (CRA). A total of 29 bilateral and 2 unilateral . . .

China and South Korea sign bilateral APA

June 23, 2015

China and South Korea have signed a bilateral advance pricing agreement, the Chinese goverment announced in a June 23 English-language release. The signing took place during a Sino-South Korea tax commissioners meeting . . .

India, Japan to settle transfer pricing disputes under MAP 

May 28, 2015

India and Japan are poised to resolve about 15 transfer pricing disputes under the mutual agreement procedure involving the automobile industry and large trading houses, writes Jayshree P Upadhyay of the Business Standard in a May 27 article. India also expects to soon resolve transfer pricing disputes involving the UK and France. See, Business Standard.

OECD releases discussion draft on improving analysis of BEPS

April 16, 2015

The OECD on April 16 released a draft report under action 11 of the base erosion and profit shifting (BEPS) plan on improving the availability and analysis of data on BEPS and on monitoring the effectiveness and economic impact of actions taken to address BEPS. The report concludes that lack of data . . .

UK and Monaco sign TIEA

January 28, 2015

The UK's HMRC on January 28 published the text of a tax information exchange agreement (TIEA) signed recently by the UK and Monaco . . .

US and Qatar sign Model 1 FATCA IGA

January 12, 2015

The US Treasury Department has updated its FATCA website, reporting that Qatar has signed a Model 1 intergovernmental agreement (IGA) with the United States as of January 7. The text of the agreement is available. See, agreement.

Former PwC auditor charged in Lux Leaks theft

December 16, 2014

Former PwC auditor, Antoine Deltour, was charged with multiple crimes in Luxembourg on December 12 for stealing and leaking confidential PwC client advance tax rulings and other documents that were later placed on the Internet by the International Consortium of Investigative Journalists (ICIJ). He has admitted his involvement, but says that he did not provide all the material released on the ICIJ website. See, Blomberg, The Guardian, Luxemburger Wort, The Irish Times.

Ray Beeman joins EY

November 20, 2014

EY announced November 19 that Ray Beeman, former adviser to Chairman of the House Ways and Means Committee Dave Camp, has joined Ernst & Young's National Tax Department in Washington, DC. As Tax Counsel and Special Adviser for Tax Reform, Beeman developed discussion drafts related to international tax, financial products, and pass-throughs. He also helped prepare The Tax Reform Act of 2014, released by Chairman Camp in February. See, EY release.

Philippines tax commissioner appointed to UN Committee of Experts

November 4, 2014

Bureau of Internal Revenue Commissioner Kim S. Jacinto-Henares has been appointed by UN Secretary General Ban Ki Moon as a member of the UN Committee of Experts on International Cooperation in Tax Matters in accordance with Economic and Social Council (ECOSOC) Resolution 2004/69, according to a November 4 press release.
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