Both China and America have initiated complaints to the World Trade Organisation in response to the customs duty war taking place between the two countries. On 1 July 2018, the OECD’s multilateral instrument will enter into force in five European jurisdictions. In Europe, Luxembourg has introduced a new IP regime, Sweden has presented its proposed new legislation on corporate interest deductions, and Austria has drafted several changes to Austrian tax law. Further afield, both Australia and New Zealand report potential tax changes relating to R&D, and Thailand is the latest country to consider unilateral action in response to the digital economy.
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