EU finance ministers formally adopted the new directive on double taxation dispute resolution mechanisms at the ECOFIN meeting on 10 October, following agreement to the draft directive in May. The directive introduces a binding procedure for resolving disputes within two years.
The governments of Belarus and the UK signed a new double taxation convention on 26 September 2017, which will replace the 1985 UK/USSR convention. The new convention will not enter into force until both countries have completed their parliamentary procedures and exchanged diplomatic notes.
Expert insight from advisers at Mayer Brown, Pinsent Masons and Clifford Chance.
After more than a year since the release of the House Tax Reform Blueprint, President Trump and the 'big six' tax negotiators have released a framework for drafting tax legislation in Congress, report Baker Potts.
The OECD is seeking comments by 13 October 2017 on some key issues related to the tax challenges raised by the digital economy, based on measures outlined in the BEPS Action 1 report.
The OECD has released six peer review reports on implementation by Belgium, Canada, the Netherlands, Switzerland, the UK and the US of new minimum standards for tax dispute resolution mechanisms under BEPS Action 14.
The EU Parliament voted in July to agree a second three-month extension to the work of its ‘PANA’ committee of inquiry into matters surrounding the ‘Panama papers’ (see http://bit.ly/2vqL8D7).
The OECD has released a new report addressing issues not directly considered in its 2015 report on hybrid mismatches (BEPS Action 2).