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PwC internal survey shows countries different approaches to BEPS

PwC internal survey shows countries different approaches to BEPS | International Tax | Scoop.it
Our overall view of the PwC partners surveyed is that it provided some useful indicators of the approaches being taken.
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BEPS Multilateral Convention will enter into force on 1 July 2018 for first five jurisdictions - EY - Global

BEPS Multilateral Convention will enter into force on 1 July 2018 for first five jurisdictions - EY - Global | International Tax | Scoop.it
On 22 March 2018, the Organisation for Economic Co-operation and Development (OECD) announced that Slovenia has deposited its instrument of ratification, accept
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India Signs Income Tax Treaty and Protocol with Hong Kong, Includes BEPS Measures

India Signs Income Tax Treaty and Protocol with Hong Kong, Includes BEPS Measures | International Tax | Scoop.it
On March 19, 2018, officials from India and Hong Kong signed an income tax treaty and protocol, the first between the two jurisdictions.
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The Chart: tax reform activity is on the rise

The Chart: tax reform activity is on the rise | International Tax | Scoop.it
EY’s newsletter tracks developments inspired or driven by base erosion and profit shifting, both at the OECD and country levels.
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Anti-abuse legislation in an EU context: The 10 commandments of the European Court

Anti-abuse legislation in an EU context: The 10 commandments of the European Court | International Tax | Scoop.it
Over the past few years, several EU Member States have implemented a variety of anti-abuse legislation – including anti-Directive/anti-Treaty shopping rules, controlled foreign company (CFC) rules, general anti-abuse rules (GAAR) and specific anti-avoidance rules (SAAR) – to protect their own tax base against erosion. Far from being uniform, the way anti-abuse legislation is designed varies from one state to another and may be rather restrictive or broad in its scope of application. However, in two major decisions in 2017, the Court of Justice of the European Union (CJEU) defined clear criteria that need to be adhered to when designing and interpreting anti-abuse legislation in an EU context. We’ve rewritten these criteria as 10 commandments that we hope Tax Authorities will follow.
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Google tax breakthrough as it follows Facebook booking ad revenues in NZ | Stuff.co.nz

Google tax breakthrough as it follows Facebook booking ad revenues in NZ | Stuff.co.nz | International Tax | Scoop.it
Tens of millions of dollars will now go through its NZ unit, but taxman may not benefit much.
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Mongolia Signs Up To BEPS Minimum Standards

Mongolia Signs Up To BEPS Minimum Standards | International Tax | Scoop.it
Tax-News.com delivers news headlines and features on international tax, law, politics, economics and trade.
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How To Deal With PE Risks In Practice? - A 5-step Approach

How To Deal With PE Risks In Practice? - A 5-step Approach | International Tax | Scoop.it
In an attempt to close the loopholes of the existing PE definition through BEPS Action 7, the OECD has, inadvertently, also lowered the threshold for the classification of the local business activities of a foreign enterprise as a PE of such enterprise. It has, in turn, opened the road for many governments to adopt diverse interpretations of Article 7 to attribute additional profit to the local operations of foreign enterprises.
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Main Effects of U.S. Tax Reform on Foreign Taxpayers | Lexology

Main Effects of U.S. Tax Reform on Foreign Taxpayers | Lexology | International Tax | Scoop.it
President Donald Trump signed the Tax Cuts and Jobs Act into law on December 22, 2017, enacting comprehensive U.S. tax reform with most provisions…
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Mongolia has joined the Inclusive Framework on BEPS

Mongolia has joined the Inclusive Framework on BEPS
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India’s position on permanent establishment will make foreign businesses nervous | Taxsutra

India’s position on permanent establishment will make foreign businesses nervous | Taxsutra | International Tax | Scoop.it
On November 21, 2017, the OECD approved the contents of the 2017 update to the OECD Model Tax Convention to be incorporated into a revised version of the Convention, which is due to be published in the coming months.
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Mongolia looks to join OECD tax transparency organizations

Mongolia looks to join OECD tax transparency organizations | International Tax | Scoop.it
During its regular session, Cabinet voted to pursue joining the Organization for Economic Co-operation and Development’s (OECD) Global Forum on Transparency and Exchange of Information for Tax Purposes and Base Erosion and Profit Shifting (BEPS).
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“Legal Ownership of Intangible Assets versus Economic Substance” - Asia-Pacific Journal of Taxation Volume 21 No.2 (2017)

“Legal Ownership of Intangible Assets versus Economic Substance” - Asia-Pacific Journal of Taxation Volume 21 No.2 (2017) | International Tax | Scoop.it
Anthony Tam, Executive Director of Tax Services at Mazars Hong Kong, wrote an article “Legal Ownership of Intangible Assets versus Economic Substance” for the Asia-Pacific Journal of Taxation Volume 21 No.2 (2017). In the article, Anthony discusses the Organisation for Economic Cooperation and Development (“OECD”)’s perspectives on the BEPS Action Plans 8-10.
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Indias positions on permanent establishment in OECDs 2017 Update to Model Tax Convention and Commentary

Indias positions on permanent establishment in OECDs 2017 Update to Model Tax Convention and Commentary | International Tax | Scoop.it
On 21 November 2017, the Organisation for Economic Co-operation and Development (OECD) approved the contents of the 2017 Update to the OECD Model Tax Convention
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Luxembourg introducing the raif and major beps developments relevant to funds - lexology | Data recovery

A gathering since, the Luxemburg supply manufacture welcomed the Silent Other Assets Pool (RAIF) database cardinality. The RAIF is governed beside the statute of 23 The middle of summer 201
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OECD releases additional guidance on the attribution of profits to a permanent establishment under BEPS Action 7 - OECD

Data and research on tax including income tax, consumption tax, dispute resolution, tax avoidance, BEPS, tax havens, fiscal federalism, tax administration, tax treaties and transfer pricing., The additional guidance resulting sets out high-level general principles, which countries agree are relevant and applicable in attributing profits to PEs in accordance with applicable treaty provisions. It also provides examples on the attribution of profits to certain types of PEs arising from the changes to the PE definition under BEPS Action 7.
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China’s new tax treaty beneficial ownership rules strengthen anti-abuse provisions, expand safe harbors–MNE Tax

China’s new tax treaty beneficial ownership rules strengthen anti-abuse provisions, expand safe harbors–MNE Tax | International Tax | Scoop.it
David Dingfa Liu of FuJae Partners, Shanghai, discusses China's Bulletin 9, released February 6, which interprets the term "beneficial owner" for the purpose of tax treaties . . .
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U.S. IRS to Take Leading Role in Multilateral CbC Report Risk Assessment

U.S. IRS to Take Leading Role in Multilateral CbC Report Risk Assessment | International Tax | Scoop.it
The IRS intends to take a leading role in the OECD’s International Compliance Assurance Program (ICAP) pilot for country-by-country (CbC) report filings.
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US slams EU tax haven blacklist

US slams EU tax haven blacklist | International Tax | Scoop.it
The US Treasury Department “disagrees” with the recently released EU tax haven blacklist, arguing that it “undermines” international standards pu
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Hong Kong introduces tax and transfer pricing legislation to counter

Hong Kong introduces tax and transfer pricing legislation to counter | International Tax | Scoop.it
On 29 December 2017, the Government of Hong Kong Special Administrative Region (the Government) publishe
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US Treasury disputes EU decision to list Guam on tax haven blacklist

US Treasury disputes EU decision to list Guam on tax haven blacklist | International Tax | Scoop.it
The U.S. Treasury Secretary is disputing a decision by the European Union to place Guam, and American Samoa, on its blacklist of noncooperating tax jurisdictions.
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OECD releases Luxembourg peer review report on implementation

OECD releases Luxembourg peer review report on implementation | International Tax | Scoop.it
On 15 December 2017, the Organisation for Economic Co-operation and Development (OECD) release
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Capitalism without capital – or capital without capitalism?

Capitalism without capital – or capital without capitalism? | International Tax | Scoop.it
There is a new book out called Capitalism without capital – the rise of the intangible economy.  The authors, by Jonathan Haskel of Imperial College and Stian Westlake of Nesta, are out to emphasise a big change in the nature of modern capital accumulation – namely that increasingly investment by large and small companies is…
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DEMPE explained | RoyaltyRange

DEMPE explained | RoyaltyRange | International Tax | Scoop.it
Discover this professional article with practical examples about DEMPE. Learn how multinationals implement the arm’s length principle.
| RoyaltyRange.
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Luxembourg doesn't want to claim €250 million from Amazon in back taxes

Luxembourg doesn't want to claim €250 million from Amazon in back taxes | International Tax | Scoop.it
Business Insider France est un site d’information sur l’économie, les technologies, les entrepreneurs, l’innovation, les découvertes et bien plus encore. En texte, en images, en vidéos et en graphiques, de l’actualité essentielle et percutante.
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OECD Issues Further Guidance On CbC Reporting

OECD Issues Further Guidance On CbC Reporting | International Tax | Scoop.it
Tax-News.com delivers news headlines and features on international tax, law, politics, economics and trade.
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