Australia, like the UK, has announced new measures countering the diversion of profits by multinationals, writes Heather Self (Pinsent Masons). The measures increase the pressure on the US to engage with the OECD’s BEPS project.
The OECD invites comments by 12 June 2015 on a new discussion draft for action 7 of the BEPS action plan (see www.bit.ly/1HmYCwj). This reflects comments received on the first discussion draft published in October 2014.
HM Treasury has published the minutes of the last meeting of the Business Forum on Tax and Competitiveness, held on 26 February.
HMRC has been quick to publicise its success in a tax case involving Next Brand Ltd, which is part of the Next group, over its use of a tax avoidance structure known as a rate-booster.
Australia announced that it will be introducing two new tax measures in its Budget on Tuesday.
75 in-house tax directors and heads of tax from large companies share their views on the coalition government's tax policies and priorities for a new government.
The European Commission has confirmed that it will not meet its self-imposed June deadline for its state aid investigations into tax rulings involving multinationals like Amazon, Apple, Fiat and Starbucks.
The Supreme Court has refused the taxpayer permission to appeal in Vocalspruce [2014] EWCA Civ 1302, ‘because the application does not raise an arguable point of law of general public importance which ought to be considered by the Supreme Court at this time bearing in mind that the case
The Coalition Agreement promised that the coalition government ‘will make every effort to tackle tax avoidance’. Graham Aaronson and Steve Bousher (Joseph Hage Aaronson) give an end of term report on the coalition’s record in dealing with tax avoidance
Stephen Pevsner and Laura Charkin (King & Wood Mallesons) consider the new rules for fund managers