The OECD has published peer reviews on the legal framework for transparency and exchange of tax information in Andorra, Anguilla, Antigua and Barbuda, Austria, Bahrain, the British Virgin Islands, Curaçao, Liechtenstein, Luxembourg, Saint Kitts and Nevis, and the Turks and Caicos Islands.
HMRC are consulting on draft regulations to give effect to the new EU Mutual Assistance in Recovery Directive, Council Directive 2010/24/EU (‘MARD’).
The UK and the US are acutely aware of the need for competitive effective tax rates but, as Steve Edge and Willard Taylor explain, they achieve that result in different ways.
The government has abandoned a consultation – due to close in less than a fortnight – on proposed measures to counter tax avoidance ‘exploiting’ double tax treaties.
A new comprehensive double taxation convention between the UK and Hungary was signed yesterday and will enter into force when both countries have completed their legislative procedures.
Your monthly review of key international tax issues by Chris Morgan, including comment on tax treaties anti-avoidance and the Anson case
The de minimis mismatch, how to identify the group and relevant companies, clearing intercompany loans ... Robert Langston looks at five key issues that arise in practice concerning the debt cap rules
HMRC are to publish an update to last month’s ‘tax treaties anti-avoidance’ consultation in the light of concerns raised by business and tax advisers.
The proposals would affect a number of entirely bona fide commercial arrangements, argues Philip Baker QC. Kevin Cummings considers whether the proposals amount to an unecessary own goal. HMRC also give their response (below)