Switzerland has deposited the instruments of ratification for the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, furthering its effort to promote of tax transparency and combat tax evasion. writes Davide Anghileri, PhD researcher and lecturer at the University of Lausanne . . .
Davide Anghileri, a PhD researcher and lecturer at the University of Lausanne, discusses guidance issued by the Italian tax authority on September 16 that provides important details on how to determine if Italy’s controlled foreign company (CFC) tax rules will apply . . .
The United Kingdom’s HM Revenue and Customs on May 26 opened a consultation on a proposal to add a secondary adjustment mechanism . . .
The goverment of Jersey has posted on its website the text of its new tax treaty and protocol with the United Arab Emirates. The treaty . . .
Hong Kong and Latvia on March 13 signed a tax treaty and protocol in . . .
Representatives of large multinationals will again defend their companies’ tax avoidance practices before an EU parliamentary committee. This time, Apple, Google, Fiat, IKEA. . .
The Luxembourg Ministry of Finance today announced that Luxembourg and Senegal have signed a new tax treaty. The double tax avoidance agreement was signed by Pierre Gramegna, Luxembourg’s . . .
Google’s recently announced settlement with UK HM Revenue and Customs requires the company to pay additional tax on account of transfer pricing adjustments and does not include any diverted profits tax (DPT) payment, HMRC documents . . .
Also, UK tax officials and Google reps have been summoned to appear at a Public Accounts Committee hearing February 11 to testify about the settlement. See: The Guardian.
Professor Edoardo Traversa, Matthieu Possoz, and Elien Van Malder analyze the EU Commission’s proposed anti-tax avoidance directive, released today, noting that the document confirms that prevention of avoidance and abuse, rather than removal of cross-border obstacles, has become the dominant objective of EU tax policy.
The Ministry of Finance of Japan has announced Japan and Slovenia will begin their first round of negotiations . . .
Four influential US Senators have urged the Obama administration to examine whether it should use its regulatory authority to impose additional taxes on EU citizens and corporations in retaliation for EU State aid . . .
The UK’s HM Revenue & Customs on January 14 advised that it is seeking feedback from business on how to respond to European Court of Justice decisions in Larentia + Minerva and Marenave and Skandia . . .
The UK-Sweden tax treaty, signed March 26, 2015, entered into force on December 20, 2015, HM Revenue and Customs announced January 13. The treaty . . .
The European Commission will present a new package of tax proposals by the end of January to combat tax avoidance by multinationals and tax fraud, EU commissioner Pierre Moscovici told . . .
Ireland’s tax treaty with Zambia and protocols to tax treaties with Germany and Luxembourg have entered into force and effect, Irish Tax and Customs. . .
Lin Homer announced Monday that she will leave HM Revenue and Customs (HMRC) in April, after more than four years as Chief Executive and Permanent . . .
The EU Commission on Monday announced that it has concluded that Belgium’s excess profits tax regime is illegal under EU State aid . . .
The UK’s HM Revenue & Customs on January 8 announced that tax treaties with Croatia, Bulgaria, and Kosovo have entered into force. The UK’s tax treaty with Croatia entered into . . .
Jukka Karjalainen has joined Baker & McKenzie’s UK business transformation practice as a tax leader, the firm announced January 5. Karjalainen, a transfer pricing specialist, will be advising . . .
See: Tax Legislation and the Notion of Fiscal Aid – A Review of Five Years of European Jurisprudence by Wolfgang Schön. (December 22, 2015). Working Paper of the Max Planck Institute for Tax Law and Public Finance No. 2015-14. Available at SSRN.
The Netherlands Ministry of Finance has issued guidance on new transfer pricing documentation standards . . .
The government of Luxembourg has announced that protocols signed with Ireland, Mauritius, Lithuania and United Arab Emirates entered into force on December 11 and . . .
The Indian government, in a notice dated December 21, announced that a tax treaty signed by India and the Republic of Macedonia . . .
Greenland signed the Multilateral Competent Authority Agreement, on December 17, becoming the . . .
The UK’s HM Revenue and Customs, on December 22, issued a series of draft examples illustrating the application of hybrid mismatch rules in previously released tax . . .
The Inland Revenue Authority of Singapore has announced that the Luxembourg-Singapore tax treaty, signed . . .
The BRIC countries of Brazil, Russia, India, and China have agreed to strengthen cooperation in areas such as transfer pricing and automatic exchange of financial account information to jointly crack . . .
The US is considering changes to draft US Model Income Tax Convention provisions released last May, including several changes to provisions that deny tax treaty benefits to related party payments that are subject to a special tax regime (STR) . . .
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