A Bank of Ireland subsidiary, Bristol & West (B&W), located in the UK, has lost its appeal in UK courts in a tax avoidance case that involved its novation of a portfolio of “in the money” interest-rate swaps . . .
Dutch finance minister and president of the Eurogroup, Jeroen Dijsselbloem, expressed support for a proposal that would mandate public release of country-by-country tax data on multinationals, while finance ministers from Malta, Belgium, and Austria . . .
Liechtenstein and Iceland have agreed to sign a new tax treaty, Liechtenstein’s Ministry of Finance . . .
Tax specialist, Ninja-Antonia Reggelin, reviews a new German circular providing comprehensive guidance on the allocation of profits between a business and a foreign permanent establishment . . .
Finland and Uzbekistan on March 8 signed a protocol to their tax treaty, Finland’s Ministry of Foreign affairs has announced. The agreement updates the treaty to add a clause . . .
The UK on February 26 issued final rules requiring large UK-parented multinationals and some UK subsidiaries of large multinationals to file annual country-by-country reports to HM Revenue and Customs (HMRC). The regulations finalize draft regulations on the topic . . .
US Treasury has published an updated US model tax treaty, making significant revisions to the text of draft treaty provisions released last May. The 2016 US Model Income Tax Convention, published on Wednesday, will be . . .
In an effort to provide their tax administrations with more tools to combat corporate tax avoidance through transfer pricing, officials from 31 countries today signed an agreement setting . . .
Part two of two. This article summarizes discussion of the “pillar two” proposals at the OECD digitalization consultation, held March 13–14 in Paris. The pillar two proposals, described in a February 13 OECD discussion draft, call for global adoption of a minimum tax and a tax on base eroding payments. . . .
Source: JCS-1-18
Wheaton Precious Metals™ Corp. (“Wheaton” or the “Company”) is very pleased to . . .
More: Mining.com, Streetwise Reports.
Britain’s overseas territories, including the tax havens of Cayman Islands, British Virgin Islands, and Bermuda, must introduce publicly accessible registers of the beneficial ownership of companies located in their jurisdictions before 2021 or the UK will require them to do so, a law approved by UK Parliament . . .
The European Commission today proposed harmonized rules that would prevent companies from moving their registered offices to letterbox companies located in other EU countries thereby creating undue tax advantages. Similar rules are provided for cross-border company divisions. The EU proposals are part of a package of company law rules . . .
Daniel Garabedian and Steven Peeters of Liedekerke Wolters Waelbroeck Kirkpatrick, Brussels, discuss the implications of a March 1 decision of Belgium’s Constitutional Court, which struck down Belgium’s Fairness Tax as unconstitutional, but also left the tax partially in place for a temporary period . . .
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