The unprecedented attention on companies’ tax affairs has led to a response from both global bodies and individual companies, writes Andrew Packman (PwC).
The European Commission has issued two injunctions ordering Estonia and Poland to deliver information requested by the Commission on their tax rulings practice within one month.
The OECD has published its package of model legislation and competent authority agreements to help tax administrations implement the proposed requirement for multinational companies to report transfer pricing information on a country by country basis, starting in 2016.
Australia, Canada, Chile, Costa Rica, India, Indonesia and New Zealand are the latest countries to sign the Multilateral Competent Authority Agreement (MCAA) on automatic exchange of information under the OECD/G20 standard.
Iceland and Romania are the latest jurisdictions to officially sign a FATCA intergovernmental agreement (IGA) with the US, with both IGAs being based on model 1A IGA.
The UK and Kosovo signed a double taxation convention on 4 June 2015, which will replace the 1981 convention between the UK and the Socialist Federal Republic of Yugoslavia with respect to Kosovan taxes and will cover avoidance of double taxation and prevention of fiscal evasion with respect to t
Amazon is now booking sales through a number of branches in Europe. Jonathan Cooklin and David Wilson (Davis Polk) consider what led to the change and the likely impact.
The European Union Referendum Bill, which makes provision for the holding of a referendum in the UK and Gibraltar on whether the UK should remain a member of the EU, was published on 28 May, and is expected to have its second reading on Tuesday 9 June.
Chris Morgan (KPMG) provides a review of recent international tax developments that matter.
Peter Halford (PwC Legal) considers AG Kokott’s opinion in the ‘Austrian goodwill’ case, including its implications for the Commission’s appeals to the CJEU in the ‘Spanish goodwill’ cases.