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.
The Irish government and Apple have begun the process of appointing an escrow agent and custodian to hold the estimated €13-15 billion fund representing tax and interest Ireland will have to recover from Apple, should the Court of Justice uphold the European Commission’s decision on state aid.
The EU Parliament’s Economic and Monetary Affairs (ECON) committee has renewed its call to lower the threshold for the common consolidated corporate tax base (CCCTB) to groups with revenue above €40m, instead of the €750m proposed by the Commission.
The OECD has published additional guidance on two specific issues in connection with country by country reporting (BEPS action 13).
The European Commission has published its 2017 report on taxation trends in the EU. The report contains a detailed statistical and economic analysis of the tax systems of the 28 EU member states, plus Iceland and Norway.
The Australian government has announced a new goods and services tax (GST) on international businesses selling goods into Australia valued at A$1,000 or less, with effect from 1 July 2018.
The EU Parliament’s environment, public health and food safety committee has voted for an amendment to the proposal for a continued restriction of the aviation EU emissions trading system (ETS) to flights within the EEA only.
The OECD secretary-general’s report to the meeting of G20 leaders held in Hamburg in July 2017 took the form of an update on the latest developments in the international tax agenda, and a progress report on transparency and exchange of information for tax purposes.