The US Internal Revenue Service (IRS) has launched six new ‘large business and international compliance’ campaigns, among them three which target non-resident alien individuals. These concern compliance with treaty exemption claims, rules on deductible expenses, and tax credits claims.
The government has made statutory instruments covering implementation of the BEPS multilateral instrument, and treaties with Switzerland and Uzbekistan.
Tim Sarson (KPMG) provides your monthly update on international tax.
The OECD inclusive framework has released the results of 11 preferential regime reviews in connection with BEPS Action 5 (harmful tax practices), updating the October 2017 progress report. These show:
The United Arab Emirates has become the 116th country to join the OECD’s inclusive framework on BEPS. Other joiners since November 2017 are: Bahrain, Saint Lucia, Anguilla, Serbia, Mongolia, Zambia, Bahamas, Trinidad and Tobago, Qatar, and Saint Kitts and Nevis.
Tax Journal's recent commentary on digital tax reform.
Alenka Turnsek (PwC) examines key points arising from OECD’s report.