Christina HJI Panayi (Queen Mary University of London) identifies the main EU tax developments in 2016, including the anti-tax avoidance package, decisions in state aid cases, the reform of corporate tax and the relaunch of the common consolidated corporate tax base.
Simon Whitehead and Joseph Irwin (Joseph Hage Aaronson) review the Court of Appeal’s recent judgment in the franked investment income group litigation.
The OECD has published the agreed text for the ‘multilateral convention to implement tax treaty related measures to prevent BEPS’, following the conclusion of negotiations involving more than 100 countries.
The European Commission has published a ‘European taxpayers’ code’, presented as a set of non-binding guidelines, which are intended as a model for member states to follow and adapt to their own national context where necessary.
Macau (China), Mauritius and Ukraine have joined the OECD’s ‘inclusive framework’ on BEPS implementation, bringing to 90 the total number of participants.
The OECD has published the first schedule for the mutual agreement procedure (MAP) peer review and monitoring process under the BEPS action plan Action 14.
The OECD has released a group of documents that will form the basis of the mutual agreement procedure (MAP) peer review and monitoring process under Action 14 of the BEPS action plan. The MAP is the framework for resolving tax-treaty related disputes.
The documents include:
Brazil, Guernsey, Jersey, the Isle of Man and Latvia have signed the multilateral competent authority agreement (MCAA) for automatic exchange of country by country reports, bringing to 49 the total number of signatories.