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OECD Issues Further Action 7, Action 8-10 BEPS Guidance

Ulrika Lomas,, Brussels // 27 June, 2017

The OECD has released for stakeholders' comments two new discussion drafts as part of its base erosion and profit shifting work.
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Think Tank: No Economic Reason For Irish Tax Cuts

Jason Gorringe,, London // 27 June, 2017

The Nevin Economic Research Institute has said that there is "no economic case" for the Irish Government to introduce tax cuts over the next three years.
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EU Presidency Confirms CbC Reporting Regime Changes

Jason Gorringe,, London // 26 June, 2017

The Maltese Presidency of the Council of the European Union has said that it has forwarded a proposal to amend the EU country-by-country reporting regime.
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Irish Opposition Concerned Over 'Vulnerable' CIT Base

Jason Gorringe,, London // 23 June, 2017

Irish opposition party Fianna Fail has raised concerns over the concentration of corporation tax receipts among a small number of multinational groups.
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Countries Urged To Sign Up To Mandatory Binding Arbitration

Ulrika Lomas,, Brussels // 19 June, 2017

The International Chamber of Commerce has stressed the need for more countries to adopt mandatory binding arbitration to better resolve double tax disputes.
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Google Not Liable For French Back Tax, Says Court Adviser

Ulrika Lomas,, Brussels // 16 June, 2017

An adviser to an administrative court in France has said that Google is not liable for EUR1.1bn (USD1.2bn) in back taxes because the company lacks sufficient presence in the country.
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EU Pressing Ahead With CbC Reporting Proposals

Ulrika Lomas,, Brussels // 27 June, 2017

The European Parliament's Economics and Legal Affairs committees have approved a measure that would require multinationals to make publicly available information about the tax they pay, on a country-by-country basis.
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Mauritius To Sign BEPS Convention By June 30

Lorys Charalambous,, Cyprus // 12 June, 2017

Mauritius will sign the OECD's Multilateral Convention to implement the tax treaty-related base erosion and profit shifting recommendations by the end of June 2017, the Finance Ministry has announced.
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ICC Warns Of Double Tax Risks Surrounding 'Substance' Tests

Mike Godfrey,, Washington // 12 June, 2017

The International Chamber of Commerce has called on governments to adopt uniform, predictable rules to determine the location of economic activity when applying new international tax rules centered on substance.
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68 Jurisdictions Sign BEPS Multilateral Instrument

Ulrika Lomas,, Brussels // 08 June, 2017

68 countries have signed the OECD's Multilateral Convention, designed to swiftly implement a series of tax treaty-related measures proposed in the OECD's base erosion and profit shifting project into these countries' double tax agreements.
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Switzerland Explains BEPS Changes To Treaty Network

Ulrika Lomas,, Brussels // 08 June, 2017

Switzerland has explained how it will amend its double tax agreements, after it signed the OECD's new multilateral tax compact to implement anti-base erosion and profit shifting measures.
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Enforcement Tax Yield From UK's Largest Firms Drops

Jason Gorringe,, London // 08 June, 2017

Investigations by HM Revenue and Customs into the corporate tax affairs of the UK's largest businesses yielded an extra GBP2.6bn (USD3.3bn) in revenue last year, according to figures obtained by international law firm Pinsent Masons.
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US, New Zealand Agree To Exchange CbC Reports

Mike Godfrey,, Washington // 07 June, 2017

The US Internal Revenue Service has signed a new bilateral arrangement with the New Zealand Inland Revenue to share country-by-country reports on an annual basis.
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Ireland Explains BEPS Changes To Its Tax Treaties

Lorys Charalambous,, Cyprus // 07 June, 2017

Ireland's Department of Finance has published a Technical Briefing Note, which sets out the country's proposed approach to the OECD Multilateral Convention to implement tax treaty-related measures to prevent base erosion and profit shifting.
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Revised Swiss VAT Rules To Enter Into Force In 2018

Ulrika Lomas,, Brussels // 05 June, 2017

Changes to Switzerland's Value Added Tax Act will enter into force on January 1, 2018, with the aim of removing VAT-related competitive disadvantages for domestic companies.
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Funds Industry Fears BEPS 'Substance' Changes

Jason Gorringe,, London // 05 June, 2017

Tax experts have highlighted the increasing importance of substance in the fund management sector in view of the OECD's base erosion and profit shifting project recommendations.
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Abu Dhabi Tax-Free Zone To Launch Foundations

Lorys Charalambous,, Cyprus // 02 June, 2017

Abu Dhabi Global Market, the low-tax international financial center, is seeking feedback on its proposal to allow the formation of "foundations," a trust-like entity widely used in civil law jurisdictions.
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Netherlands Consults On Dividend Tax Changes

Ulrika Lomas,, Brussels // 31 May, 2017

The Dutch Finance Ministry has opened an internet consultation on proposed changes to the Dutch dividend tax regime, which would expand the withholding tax exemption on distributions to shareholders in tax treaty countries.
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OECD Prepares For BEPS Action 6 Peer Reviews

Ulrika Lomas,, Brussels // 31 May, 2017

The OECD has released a document that will form the basis of the peer review and monitoring process of the base erosion and profit shifting Action 6 minimum standard.
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EU Council Adopts Directive On Hybrid Mismatches

Ulrika Lomas,, Brussels // 30 May, 2017

On May 29, 2017, the European Council formally adopted a new anti-avoidance directive, which aims at closing down hybrid mismatches between EU tax systems and those of non-EU countries.
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Russia To Sign OECD's BEPS Convention

Tatiana Smolenskaya,, Moscow // 30 May, 2017

Russia will sign the OECD's Multilateral Convention to implement tax treaty-related measures to prevent base erosion and profit shifting, the Government announced on May 20.
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Smaller Businesses Less Prepared For UAE GST

Lorys Charalambous,, Cyprus // 24 May, 2017

According to a survey conducted earlier this month, more than half of businesses based in the United Arab Emirates do not have an implementation strategy in place for the forthcoming introduction of VAT in the territory from January 2018.
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Germany, France Talk Tax Harmonization

Ulrika Lomas,, Brussels // 23 May, 2017

France and Germany may revive a plan to harmonize their corporate tax systems as they begin to explore ways to push deeper integration in the European Union.
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Moody's: Brexit, US Tax Reform Challenges To Ireland

Jason Gorringe,, London // 18 May, 2017

Ratings agency Moody's has said that the negative impact of Brexit and US corporate tax reforms pose key challenges to the Irish economy.
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IMF Calls On Ireland To Expand Tax Base

Jason Gorringe,, London // 15 May, 2017

The IMF has urged Ireland to ensure that it has a broad tax base, particularly in the context of international tax reform and domestic pressures to reform the Universal Social Charge.
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German State Receives 'MaltaLeaks' Data

Ulrika Lomas,, Brussels // 12 May, 2017

The German state of North Rhine-Westphalia has obtained information, which it claims shows how thousands of owners of companies registered in Malta are avoiding German taxes "in a big way."
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New South Korean President Outlines Tax Priorities

Mary Swire,, Hong Kong // 12 May, 2017

South Korea's new President, Moon Jae In, says he will take aim at corruption and increase taxes on high earners and Korea's large conglomerates.
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IMF Recommends Lower, Broader Corporate Tax For Luxembourg

Ulrika Lomas,, Brussels // 12 May, 2017

Further corporate tax reforms may be needed to Luxembourg's tax regime for foreign companies if it is to maintain its appeal while responding to international tax initiatives, the International Monetary Fund has said.
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Italy Says Google To Pay EUR306m To Settle Tax Disputes

Ulrika Lomas,, Brussels // 05 May, 2017

Days after it emerged that Italian tax agencies were pursuing online retail giant Amazon for taxes worth EUR130m (USD142m), it was revealed that Google will pay a EUR306m (USD335m) tax settlement.
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OECD Issues Progress Update On CbC Reporting Implementation

Ulrika Lomas,, Brussels // 04 May, 2017

On May 4, 2017, the OECD released a full list of automatic exchange relationships among jurisdictions under the Multilateral Competent Authority Agreement on the exchange of country-by-country reports.
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Countries Looking To Tax Incentives To Stay Competitive: Survey

Jason Gorringe,, London // 03 May, 2017

Governments are expanding their use of tax incentives to maintain their country's international appeal to businesses, alongside the adoption of anti-base erosion and profit shifting measures, according to a survey from EY.
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Registration Open For OECD International Tax Conference

Mike Godfrey,, Washington // 03 May, 2017

Registration is open for the 2017 OECD International Tax Conference, which will discuss new and ongoing initiatives from the OECD in the area of international tax law.
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Australia Announces ATO Executive Appointments

Mary Swire,, Hong Kong // 27 April, 2017

The Australian Government has announced the re-appointment of Chris Jordan as Commissioner of Taxation, whose term will now run until February 2024.
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ATO: Multinationals Not Engaging In Tax Evasion

Mary Swire,, Hong Kong // 25 April, 2017

The Australian Taxation Office has said it has "not seen significant evidence of large multinationals involved in tax evasion."
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UN Updates Transfer Pricing Practice Manual

Mike Godfrey,, Washington // 20 April, 2017

The United Nations Committee of Experts on International Cooperation in Tax Matters has released, in digital format, the second edition of the UN Practical Manual on Transfer Pricing for Developing Countries.
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BEPS Inclusive Framework Meeting Held In Georgia

Ulrika Lomas,, Brussels // 17 April, 2017

50 delegates from 14 countries gathered in Georgia on April 7, 2017, to participate in the second regional meeting for the Eastern Europe and Central Asia region under the OECD's new inclusive base erosion and profit shifting project framework.
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Stop Tax Haven Abuse Act Reintroduced In US Congress

Mike Godfrey,, Washington // 07 April, 2017

On April 5, 2017, US Representative Lloyd Doggett (D - TX), a senior member of the House Ways and Means Committee, and Senator Sheldon Whitehouse (D - RI), a member of the Senate Budget Committee, introduced legislation to tackle multinational tax avoidance.
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Australia To Pursue Seven MNEs Under New Anti-Avoidance Law

Mary Swire,, Hong Kong // 06 April, 2017

The Australian Government has announced that the tax office has assessed AUD2.9m (USD2.2m) in tax liabilities against a group of seven multinational companies.
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Australian DPT Legislation Passes Senate

Mary Swire,, Hong Kong // 27 March, 2017

The Australian Senate has passed legislation to introduce a diverted profits tax from July 1, 2017.
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Uber Canada Concerned Over Ride-sharing Tax Reform

Mike Godfrey,, Washington // 24 March, 2017

Uber Canada has said that changes to the goods and services tax rules for ride-sharing businesses will "hurt over a million Canadians who use ride-sharing to earn income and get around their cities."
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