There have been two significant developments over the last month in relation to country by country reporting: a Treasury consultation on CRD IV, and an OECD memorandum published as part of the ongoing BEPS project. Overseas, the French draft Finance Bill for 2014 contains some important proposals, including an additional surtax. There are also significant tax reform proposals in Mexico and thin cap changes planned in Slovenia. In India, some detailed rules on the application of the GAAR and some changes to the Indian listing rules have been published.
