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).
The ‘platform for collaboration on tax’ requests public feedback on a draft toolkit designed to help developing countries tackle the complexities of taxing ‘offshore indirect transfers’ of assets.
The US government has issued a press statement announcing its decision not to proceed with plans for a ‘border adjustment tax’, which had been a source of concern among US multinationals and companies around the world.
Tim Sarson (KPMG) reviews the latest developments in the international tax world.