Asia-Pacific
Asia-Pacific
Asia-Pacific
India, Singapore sign tax treaty protocol: Central Board of Direct Taxes→
See: Release. The protocol will be analyzed in detail in a future MNE Tax article.
Asia-Pacific
India clarifies taxation of indirect transfers of assets abroad
India on December 21 set out a series of questions and answers clarifying the taxation . . .
Americas
US tax officials discuss coming country-by-country reporting guidance, treaties, other initiatives
The US intends to release tax guidance on country-by-country reporting for MNEs that addresses reporting for LLCs in US groups and for tiered partnerships, officials said at a December 15-16 tax conference. Officials also discussed just-released final regs on outbound transfers of goodwill, US tax treaty negotiations, and the pending EU State aid. . .
Americas
Americas
New Zealand proposes rules to combat multinational tax avoidance through use of hybrid mismatches
The New Zealand government has today released for discussion proposed measures to prevent multinational corporations from avoiding tax through use of hybrid mismatch . . .
Africa
36 non-OECD, non-G20 countries join BEPS international tax effort
Thirty-six countries and jurisdictions that are neither OECD nor G20 members have joined the framework to implement the OECD/G20 base erosion profit shifting (BEPS) project to combat multinational tax avoidance, and 21 more are expected to join in the coming months, the . . .
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Hong Kong to implement parent-surrogate country-by-country tax reporting for multinationals
Hong Kong’s Inland Revenue Department on December 22 issued more guidance on country-by-country reporting for large multinationals, including . . .
Africa
BRICS country tax officials express support for “inclusive framework” on BEPS
Heads of revenue of the BRICS countries – Brazil, Russia, India, China, and South Africa – at a meeting held December 5–6 in Mumbai, expressed support for measures . . .
Asia-Pacific
Asia-Pacific
India’s Cabinet approves Belgium/India tax treaty protocol
India’s Cabinet has today approved a protocol to its 1993 tax treaty with . . .
Africa
Karanja to head OECD/UN Tax Inspectors Without Borders initiative
Kenyan tax official, James Karanja will lead the joint OECD/UN Tax Inspectors Without Borders (TIWB) initiative effective April 11, the OECD announced today. Karanja is assistant manager of the international tax . . .
Asia-Pacific
Australia sets enhanced cooperation with tax office as condition for foreign investment
Australian Treasurer Scott Morrison on February 22 announced that he will use his powers to block investment to force large multinationals and other foreign investors pay tax on Australian . . .
Asia-Pacific
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Australian Court rejects Chevron’s appeal in transfer pricing dispute
Australia’s Full Federal Court today dismissed Chevron’s appeal in a transfer pricing case involving intercompany loans, handing the Australian Taxation Office (ATO) a key victory. By unanimous judgment, the full bench . . .
Asia-Pacific
Switzerland, Pakistan sign new tax treaty
Switzerland and Pakistan signed a tax treaty on March 21, Switzerland’s Federal Council . . .
Asia-Pacific
Japan’s CFC tax reform: new wine into old bottles?
Masao Yoshimura, Associate Professor of Tax Law at the Graduate School of International Corporate Strategy, Hitotsubashi University, Tokyo, writes about a proposal to revise Japan’s controlled foreign company law, released December 8 by Japan’s ruling coalition . . .
Asia-Pacific
Singapore, Finland agree to automatic exchange of financial account information for tax purposes
Singapore and Finland on November 22 signed an agreement committing to begin automatic exchange of financial . . .
Americas
China-Chile tax treaty enters into force
A tax treaty between China and Chile, signed May 25, 2015, has entered into force, according. . .
Americas
US-Israel FATCA agreement enters into force
The US Treasury has announced on its website that the US-Israel Model 1 FATCA intergovernmental agreement (IGA), signed by the countries on June 30, 2014, entered . . .
Asia-Pacific
Australian tax office warns about schemes to avoid multinational antiavoidance law, ’round robin’ financing
The Australian Taxation Office (ATO) is warning multinationals that it will contest a tax planning maneuver designed to thwart Australia’s new Multinational Anti Avoidance Law (MAAL) as well as ’round robin’ type intragroup financing arrangements that generate . . .
Asia-Pacific
New Zealand outlines of planned bill on tax information exchange
New Zealand’s Inland Revenue, on July 28, released a fact sheet for financial institutions describing proposed measures to be included in draft legislation on automatic exchange of financial . . .
