The EU Parliament’s PANA committee, set up to investigate maladministration involving money laundering, tax avoidance and evasion following the ‘Panama papers’, has presented its draft report.
Bahrain has become the 112th signatory to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, while Barbados has become the 101st jurisdiction to join the BEPS inclusive framework.
‘More, not less, Europe in taxation’ is how taxation commissioner Pierre Moscovici summed up his vision for the future at the Commission’s Fair Taxation conference, held in Brussels at the end of June.
The government of Jersey is consulting until 1 September 2017 on a proposed land development charge, to be called the ‘Jersey infrastructure levy’. The charge would arise when land is given permission for development and would be used to fund essential community infrastructure.
The UK recently updated its implementing regulations giving effect to CRS and FATCA agreements, amending a number of aspects in the process. Hatice Ismail and Martin Shah (Simmons & Simmons) explain.
The OECD invites comments by 15 September 2017 on two BEPS discussion drafts, one dealing with the attribution of profits to permanent establishments (PEs) under BEPS Action 7, the other containing revised guidance on profit splits in relation to BEPS Action 10.
The UK and the Kyrgyz Republic signed a new Double Taxation Convention on 13 June. This convention has not yet entered into force. See http://bit.ly/2u8YoYa.
The European Commission has adopted non-binding guidelines on the disclosure of non-financial information by companies, covering environmental and social matters.