Andrew Goldstone and Victoria Howarth (Mishcon de Reya) review recent developments in the private client arena: the public register of corporate ownership; the tax liability of a John Constable painting acquired by the nation; the outcome of a transferable IHT nil rate band charity appeal; and lessons from a main residence exemption claim.
What the OECD is doing to deepen its engagement with developing countries. Renáta Ardous (Mazars) reports
Jonathan Bridges (KPMG) examines the key points of the recently announced UK/German proposal for preferential IP regimes
A recent ECOFIN meeting suggests that the new EU standard VAT return is still some way off, writes David Wilson, Baker Tilly (Weekly Tax Brief)
The EC has published the non-confidential version of its decision sent to the Netherlands tax authorities in June to open a formal state aid investigation into corporate tax rulings involving Starbucks.
Belgium is investigating HSBC’s private banking arm – based in Zurich, Switzerland – for tax fraud, including money laundering, criminal organisation and acting as an illegal financial intermediary, according to financial newspaper City AM.
Non-resident close companies and free movement of capital
The OECD recently released its discussion draft on the reform of the permanent establishment (PE) rules. Richard Collier (PwC) examines the proposals
As part of the G20/OECD’s work on BEPS in relation to action 10 and transfer pricing of high risk transactions, the discussion draft on the transfer pricing of low value-adding intra-group services has been published. Alison Lobb (Deloitte) reviews the detail
Mark Middleditch (Allen & Overy) provides an update of recent developments, including: the announcement of new rules on hybrid mismatches; the high-risk promoters regulations; euro conversion clauses; FATCA; and the EC investigation into the Irish tax rulings over Apple