INTERNATIONAL TAXES

Allan Cinnamon (Cintax the Word Ltd) provides your monthly update.

Shiv Mahalingham (Duff & Phelps) examines recent developments affecting transfer pricing.

The European Parliament (EP) adopted by 50 votes to 57 (with 23 abstentions) a resolution on tax avoidance and tax evasion as challenges for governance, social protection and development in developing countries.

Santhie Goundar

A ‘notification of more favourable terms’ has been published by the US Treasury, which gives notice of changes to FATCA intergovernmental agreements (IGAs) that follow the model 1 IGA (for example, the British Virgin Islands IGA).

Chris Morgan

Chris Morgan (KPMG) provides your monthly round-up of tax developments in the international arena, including: the implications of the Supreme Court's judgment in Anson and the Court of Appeal's second decision in BT Pension Scheme; the Corporate Tax Reform Act III in Switzerland; tax reform in Austria; proposed new corporate tax rules in Luxembourg; and tax changes in Greece.

Santhie Goundar

Georgia has become the latest jurisdiction to officially sign a FATCA intergovernmental agreement (IGA) with the US, based on a Model 1B IGA.

Santhie Goundar

The following have been issued:

Jill Gatehouse

Susie Brain

Jill Gatehouse and Susanna Brain (Freshfields Bruckhaus Deringer) review the state of play on the OECD’s project to tackle base erosion and profit shifting (BEPS), and highlight the main points of interest.

Santhie Goundar

The government intends to legislate in Finance Bill 2016 to bring forward the point at which individuals are treated as deemed domiciled in the UK for IHT purposes to include where they have been resident in the UK for more than 15 out of the past 20 tax years, with effect from April 2017.

Santhie Goundar

The OECD and the United Nations Development Programme (UNDP) have launched a new initiative to help developing countries increase domestic revenues by strengthening their tax audit capacities.

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