International briefing for July 2013

At the time of writing we are still awaiting the OECD BEPS action plan, so this month I am covering the discussion paper that has just been published regarding the introduction of a new central register of company beneficial ownership promised at the G8 summit, and government amendments to the Finance Bill (now FA 2013) that will affect GLO claimants. In the EU we have seen action against the UK regarding our cross-border group relief legislation, further progress on country by country reporting, and a CJEU decision on Belgium’s notional interest deduction regime. Overseas, both France and Belgium have announced significant proposals that will affect multinationals.