As part of the BEPS action plan, the OECD is asking for comments by 22 December 2013 on an approach to addressing the tax challenges of the digital economy, as well as gathering information on specific business models employed in the sector.
Gibraltar and Bermuda have become the second and third British overseas territories (after the Cayman Islands) to sign a FATCA-style intergovernmental agreement (IGA) with the UK for automatic exchange of information for tax purposes.
Martin Zetter provides this month’s review of developments, focusing on those at OECD level and in France and Russia.
Following the OECD meeting in Paris last week, Bill Dodwell and Alison Lobb examine the challenges in implementing country by country reporting and its proposed common template.
Richard Woolich reviews changes to the place of supply rules in 2015 and the extended one stop shop.
Malcolm Finney answers a query on split-year residence and the sale of shares.
The OECD has launched a consultation on a series of minor changes to the OECD Model Tax Convention. The majority are minor editorial or clarificatory changes, but they do include additional commentary on:
The EC has adopted revised state aid criteria for assessing member states’ support schemes in favour of films and other audio-visual works.
The Council of the European Union met on 15 November 2013 to discuss the taxation of savings income. The Council discussed a draft directive aimed at strengthening EU rules on the taxation of savings income.
The Sixth Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes is being held on 21–22 November 2013 in Jakarta, Indonesia.