The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has published a draft report making recommendations to the Commission on ‘Bringing transparency, coordination and convergence to Corporate Tax policies in the Union’.
The UK government signed a new double taxation convention with Zambia on 4 February 2014. This treaty entered into force on 20 July 2015. See www.bit.ly/1iIzZTF.
The meeting of G20 finance ministers and central bank governors took place on 4–5 September 2015 in Ankara, Turkey.
A recent case before the Jersey Royal Court has raised the possibility that tax avoidance may play an increasing part in deciding future trust rectification applications.
The Australian Senate has published an interim report following five public hearings into international corporate tax and GST (VAT) issues. The report makes 17 recommendations over four areas:
New Zealand tax authorities have published a consultation document considering proposals to bring all services supplied to New Zealand residents within the scope of GST and selectively zero-rating services that are physically consumed outside New Zealand.
The OECD has published Revenue Statistics in Asian Countries: Trends in Indonesia, Malaysia and the Philippines compiling comparable tax revenue statistics across these economies, with Japan and Korea.
Turkey, the Slovak Republic and Portugal have become the latest jurisdictions to officially sign FATCA intergovernmental agreements (IGAs) with the US.
Chris Morgan (KPMG) reviews the international tax developments that matter,
The OECD has published its sixth comparative survey on advanced and emerging economies, including all OECD, EU, and G20 countries. 56 tax administrations are considered, with new entries for Costa Rica, Croatia, Morocco and Thailand.