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Council of the European Union
EU VAT proposals for e-books, reverse charge fail
The Council of European Union at a meeting today failed to reach agreement on proposals to reduce the VAT rate for electronic publications and temporarily apply a generalised reverse charge mechanism; the EU VAT e-commerce proposal was also discussed, writes Davide Anghileri of the University of Lausanne . . .
Featured News
68 nations sign multilateral treaty on tax avoidance, dispute resolution
Officials representing 68 countries and jurisdictions on June 7 signed a multilateral instrument to amend their existing tax treaties, adding provisions designed to curtail multinational tax avoidance and strengthen tax dispute resolution . . .
Africa
Djibouti joins ‘Inclusive Framework on BEPS’ to fight tax avoidance
The OECD today announced that Djibouti has pledged to work alongside other nations on the continuing the work of the OECD/G20 base erosion profit . . .
Europe
Asia-Pacific
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 . . .
Europe
German related-party royalty proposal conflicts with BEPS agreement, OECD tax official says
Tax professional Ninja-Antonia Reggelin discusses a German parliamentary hearing, held Wednesday, where tax experts provided their views on a controversial proposal to deny tax deductions for some royalty payments made by multinationals to related companies. . .
Asia-Pacific
Switzerland, Pakistan sign new tax treaty
Switzerland and Pakistan signed a tax treaty on March 21, Switzerland’s Federal Council . . .
Europe
Europe
UK budget 2017 tax proposals tweak rules on interest deductibility, loss relief, hybrid mismatches
Julian Feiner of Dentons, London, discusses the tax proposals in the UK budget, delivered today, which include proposed revisions to interest deductibility, loss relief, and hybrid mismatch rules . . .
Andorra
EU Presidency releases plan to prevent multinational tax avoidance
The European Council on February 7 released the Maltese Presidency’s work plan regarding tax measures to prevent base erosion and profit shifting by multinationals, notes Davide Anghileri of the University of Lausanne . . .
Belgium
New Belgian innovation income deduction regime adopted, qualifying IP rights include copyrighted software
Daniel Garabedian and Steven Peeters, of Liedekerke Wolters Waelbroeck Kirkpatrick, Brussels, discuss a Belgian law passed last week that modifies the tax incentives for multinational enterprises that derive income from intellectual property rights . . .
Europe
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 . . .
Americas
Steven Mnuchin tapped as US Treasury Secretary
US news sources have reported that President-elect Donald Trump has selected Steven Mnuchin for the post of Treasury . . .
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 . . .
Americas
Donna McComber rejoins Baker & McKenzie
Transfer pricing economist Donna McComber has rejoined Baker & McKenzie Consulting LLC as a Director of Economics . . .
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 . . .
Featured News
G20 leaders endorse new international standard for tax transparency
G20 leaders during their summit in Hangzhou, China, held September 4–5 endorsed a proposal setting out objective criteria to be used to identify whether countries are sufficiently tax . . .
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 . . .
Americas
EU Commission publishes decision to open McDonald’s state aid case on tax ruling
The European Commission on June 7 published the non-confidential version of its decision to open a State aid investigation into whether a tax ruling granted by Luxembourg to McDonald’s may have granted . . .
Americas
Jamaica, Uruguay sign international tax cooperation agreement, Brazil deposits instruments of ratification
Jamaica and Uruguay, on June 1, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, becoming the 95th and 96th jurisdictions to join the . . .
Featured News
OECD seeks feedback on multilateral instrument to implement BEPS tax measures
The OECD on May 31 issued a request for the public to assist with technical questions associated with the development of a multilateral instrument to be used by countries that wish to implement tax measures . . .
Europe
EU Commission paper addresses application of State aid rules to tax laws, rulings, and settlements
The EU Commission has issued a paper outlining its position on when a Member State’s laws and practices run afoul of EU restrictions on State aid, including when national tax laws, tax rulings, and tax settlements . . .
Estonia
Ireland-Estonia treaty now exempts some royalty payments from tax
The tax treatment of royalty payments under the Ireland-Estonia tax treaty has been revised on account of the treaty’s most favored nation clause, Irish . . .
Americas
Africa
Featured News
UN transfer pricing guidance on intragroup services released, major update to manual planned
A new draft chapter on intragroup services for the United Nations Practical Manual on Transfer Pricing for Developing Countries (the UN transfer pricing manual), publicly released last week, differs from OECD guidance on the topic in a few areas, according to . . .
Digital Economy
