Andorra has become the 86th member of the OECD’s ‘inclusive framework’ on BEPS implementation. The inclusive framework provides a forum for a broad range of countries, representing varying levels of development, to participate on an equal footing in the OECD’s committee on fiscal affairs.
The European Commission has now made available the public version of its decision issued in October 2014 to extend its formal state aid investigation into the tax rulings procedure contained within the Gibraltar corporate income tax regime (ITA 2010) in force since 2011.
The European Parliament’s inquiry committee investigating the ‘Panama papers’ is also looking into the recent ‘Bahamas leaks’, a cache of documents leaked in September to journalists working with the international consortium of investigative journalists, naming politicians and others linked to co
HM Treasury has added Brazil to the list of countries that have declared their support for the initiative to establish automatic exchange of information on beneficial ownership. This brings to 48 the number of countries now participating.
The European Commission has opened an in-depth investigation into Luxembourg’s tax treatment of the GDF Suez group (now Engie).
The European Commission has produced a ‘scoreboard’ of key risk indicators to help member states to decide which non-EU jurisdictions should be formally screened as part of the process of drawing up a common EU list of non-cooperative tax jurisdictions by the end of 2017.
Pakistan has become the 104th signatory to the multilateral convention on mutual administrative assistance in tax matters.