Over the last month, the OECD published a discussion draft on BEPS Action 6 (preventing treaty abuse); and an implementation package for BEPS Action 13 (CbC reporting), making this the first action to be completed. Most of the recent activity overseas has been at the EU: two cases emphasise the need for legislation to allow the same tax treatment to apply in the case of foreign and domestic investments; a new action plan on corporate taxation suggests the direction of travel is towards a mandatory CCCTB; and there has been movement on the proposals for EU company ownership registers and state aid investigations.
