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.
The OECD has published a new Common Reporting Standard Implementation Handbook, a model protocol for extending existing TIEAs to cover automatic exchange of tax information, and a second edition of its report on voluntary disclosure programmes.
Following Tax Journal’s report, Issue 1274 on OECD new peer review reports on the implementation of the international standard for exchange of information (www.bit.ly/1Tq2ANY), British Virgin Islands (BVI) has been rated ‘largely compliant’ for its
The Australian Treasury has published a consultation on draft legislation for BEPS Action 13, transfer pricing documentation, which requires organisations with annual global revenue of A$1bn or more (approx £470m) to file an annual statement with the Commissioner of Taxation.