Asia-Pacific
Singapore appoints new Inland Revenue Authority board
Singapore has announced the make up of the members of the Board of Inland Revenue Authority of Singapore (IRAS), effective . . .
Asia-Pacific
Asia-Pacific
Australian tax office seeking to fast-track key court disputes with multinationals
The Australian Tax Office (ATO) is working with the Federal Court in an effort to “fast-track” the resolution of strategically important tax cases, Tax Commissioner Chris Jordan said April 21 at a Senate committee hearing on multinational corporation . . .
Asia-Pacific
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Asia-Pacific
Asia-Pacific
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Africa
Americas
Americas
Africa
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Asia-Pacific
India confirms intent to sign BEPS multilateral instrument curbing tax avoidance
Mansi Seth and Afaan Arshad of Nishith Desai Associates discuss today’s announcement that the Indian Union Cabinet has approved India’s signing of the multilateral instrument (MLI) to implement the tax treaty measures in the OECD/G20 base erosion profit shifting (BEPS) action plan . . .
Asia-Pacific
Asia-Pacific
Asia-Pacific
Australian transfer pricing guidance on marketing, sales and distribution hubs released
Davide Anghileri of the University of Lausanne writes about key guidance released by the Australian taxation office January 16 setting out the ATO’s approach to transfer pricing issues related to marketing, sales and distribution, and other hubs . . .
Americas
Taiwan, US sign Model 2 FATCA IGA
Taiwan and the US signed a Model 2 FATCA intergovernmental agreement (IGA), according to an update on the US Treasury . . .
Asia-Pacific
India-Korea tax treaty enters into force
A double tax treaty signed by India and Korea on May 18, 2015, entered into force on September 12, the government of India announced . . .
Asia-Pacific
Singapore and UK tax authorities agree to automatic exchange of financial account information
The Inland Revenue Authority of Singapore has announced that Singapore and the United Kingdom have signed a competent authority agreement establishing . . .
Asia-Pacific
Singapore, Australia sign agreement to share information to combat tax evasion
Singapore and Australia’s tax offices have signed an agreement to share data in an effort to crack down on tax evasion, the Australian tax authority. . .
Asia-Pacific
Asia-Pacific
Australian bill imposes GST on digital products and other intangibles supplied by nonresidents
Australia’s Treasurer on February 10 introduced into Parliament a bill that would impose the 10 percent goods and services tax (GST) to all supplies by nonresidents to Australian consumers except for supplies of goods and real property. A second measure . . .
Americas
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Europe
Asia-Pacific
Comments released on tax guidance addressing offshore indirect asset transfers
18 comment letters – including letters from the governments of India and China — were released today responding to a draft “toolkit” designed to help developing countries address the taxation of offshore indirect transfers of assets, a practice used by some multinational corporations for tax avoidance. The guidance was prepared by “Platform for Collaboration on Tax,” a joint effort of the IMF, UN, OECD, and . . . .
Africa
Twenty nations’ tax laws may aid multinational profit shifting, OECD report says
Twenty countries have tax laws that may be considered harmful preferential regimes, facilitating tax avoidance by multinationals and reducing the tax base of other countries, an OECD report released Monday revealed. The review, conducted by the OECD Forum on Harmful Tax Practices (FHTP), assessed countries’ tax laws against . . . .
Asia-Pacific
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Asia-Pacific
Japan, Spain to negotiate tax treaty amendments
The governments of Japan and Spain will begin negotiations to amend their existing tax treaty, Japan’s Ministry. . .
Asia-Pacific
Australia expects large tax recoveries from seven multinational firm audits, Jordan says
The Australian Taxation Office (ATO) expects to conclude tax audits of at least seven major multinational firms by June 30, likely assessing combined tax liabilities in excess . . .
