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 . . . .

Asia-Pacific

Australia proposes anti-hybrid law to combat multinational tax avoidance, announces plans for “targeted integrity rule”

The Australian government on November 24 released a draft law and explanatory materials implementing hybrid mismatch rules to combat multinational firm tax avoidance. The Australian government is also developing a “targeted integrity rule” to prevent circumvention of the hybrid mismatch rules as well as branch mismatch rules to further clamp down on MNE tax . . .

Featured News

OECD approves model tax treaty update

The OECD council on November 21 approved a 2017 update to the OECD model tax convention. These changes will be incorporated into the model and published in the next few months, the OECD said. The update implements . . .