The financial transaction tax inches closer, write Richard Croker and Anna Burchner (CMS Cameron McKenna)
Jonathan Fletcher Rogers (Abbiss Cadres) answers a query on the taxation of share incentives for international employees
Germany and the UK have agreed a compromise proposal on patent box regimes. The agreement is based on the OECD's modified nexus approach requiring tax benefits to be connected directly to R&D expenditures, but seeks to address concerns with revised elements, including:
The International Consortium of Investigative Journalists (ICIJ) has published leaked documents setting out tax deals that some of the world’s largest multinational corporations struck with Luxembourg.
The EC published on Monday full details of its decision to rule in favour of the UK government’s aggregates levy credit scheme (ALCS), confirming that it was in line with state aid rules.
Peter Cussons (PwC) considers whether AG Kokott’s opinion, which urged the CJEU to reverse its decision in Marks & Spencer, will spell the end for cross-border loss relief
To anyone involved in the infrastructure sector, action point four of the OECD’s BEPS project – to ‘limit base erosion via interest deductions and other financial payments’ – is bad news for highly geared projects, writes Eloise Walker (Pinsent Masons)
The OECD has released two discussion drafts for public consultation, with comments invited until January.
Richard Woolich (DLA Piper) points out ten practical points to understand in relation to the new regime for all businesses when managing their cross-border supplies, both B2B and B2C
Chris Morgan (KPMG) provides an update on recent international developments, including: the CJEU’s release of the AG opinion on the UK rules on cross-border group relief following Marks & Spencer; EU finance ministers’ agreement on an extended information exchange mechanism; Ireland’s 2015 Budget announcement on the ‘double Irish’ tax structure; corporation tax reform III in Switzerland; and the Centrica case in India.