The European Parliament committee on economic and monetary affairs has put forward a number of amendments to the Commission’s proposal, agreed by ECOFIN ministers in February, to extend the hybrid mismatch rules to cover arrangements with non-EU countries from January 2020.
A survey of senior in-house tax experts, by Tax Journal in association with FTI Consulting, assesses the initial impact of the OECD’s recommendations on tackling base erosion and profit shifting.
The EU Parliament’s Economic and Monetary Affairs and Civil Liberties committees have voted to agree further amendments to the EU anti-money laundering directive, which would allow EU citizens to access registers of beneficial owners of companies without having to demonstrate a ‘legitimate intere
EU finance ministers agreed at the ECOFIN meeting on 21 February on a draft directive to extend the hybrid mismatch rules to cover arrangements with non-EU countries from January 2020.
Simon Whitehead and Cristiana Bulbuc (Joseph Hage Aaronson) examine a recent European decision and its implications.
The OECD has released a group of documents that will form the basis of the peer review of country-by-country reporting (BEPS action 13) and the transparency framework for exchange of information on tax rulings (BEPS action 5). Action 13 and Action 5 are two of the four BEPS minimum standards.
The OECD has released an updated version of the BEPS action 4 report (interest deductions etc), which includes further guidance on: (1) the group ratio rule; and (2) country-specific approaches to risks posed by the banking and insurance sectors.