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OECD: Tax Talk Summarises Latest Tax Developments

February 5, 2019

An OECD Tax Talk held on 29 January 2019 summarised the latest tax developments. Tax and Digitalisation A Policy Note...

OECD announces progress made in addressing harmful tax practices

January 30, 2019

On 29 January 2019 the OECD released a publication entitled “Harmful Tax Practices – 2018 Progress Report on Preferential Regimes”....

EU: Free trade agreement with Japan enters into force

January 30, 2019

The EU-Japan free trade agreement has been ratified by both parties and enters into force on 1 February 2019. Under...

OECD: Inclusive Framework issues policy note on digital economy

January 30, 2019

The Inclusive Framework on base erosion and profit shifting (BEPS) has issued a new Policy Note under action 1 of...

European Commission to launch proceedings against UK over VAT treatment of commodity traders

January 25, 2019

It is reported that the European Commission is planning to take a case to the European Court of Justice (ECJ)...

UK: New protocol to double tax agreement with Israel

January 25, 2019

On 11 January 2019 the UK and Israel signed a protocol to update the double tax agreement between the two...

UK: Double Tax Agreement with Guernsey in force

January 23, 2019

The comprehensive Double Taxation Agreement and Protocol between the UK and Guernsey was signed on 2 July 2018 entered into...

EU: Report by European Commission on investor residence schemes

January 23, 2019

On 23 January 2019 the European Commission issued a report on citizenship by investment and citizenship by residence schemes operated...

European Commission opens in-depth investigation into Netherlands tax rulings

January 11, 2019

On 10 January 2019 the European Commission announced that it has opened an in-depth investigation into tax rulings granted by...

OECD to launch Corporate Tax Statistics

January 11, 2019

The OECD announced on 11 January 2019 that a new report and dataset entitled Corporate Tax Statistics is to be...

UK: HMRC launches Profit Diversion Compliance Facility

January 11, 2019

On 10 January 2019 HMRC launched the Profit Diversion Compliance Facility targeting multinational companies using arrangements that may result in...

IMF report looks at the economic outlook in Panama

December 29, 2018

On 28 December 2018 the IMF published a report on its website following the conclusion of consultations with Panama under...

UK: Double tax treaty with Isle of Man enters into force

December 27, 2018

The double tax treaty between the UK and the Isle of Man entered into force on 19 December 2018. The...

UK: Annual Report of Code of Practice on Taxation of Banks

December 27, 2018

On 19 December 2018 the annual report of the Code of Practice on Taxation for Banks was published. The Code...

UK: Double tax treaty with Jersey enters into force

December 26, 2018

The double tax treaty between the UK and Jersey entered into force on 19 December 2018. The treaty replaces the...

UK: Draft guidance on taxation of insurance companies

December 24, 2018

On 13 December 2018 HMRC issued for consultation draft guidance on the corporation tax treatment of insurance companies writing life...

UK: HMRC publishes guidance on taxation of cryptoassets

December 23, 2018

On 19 December 2018 HMRC published a paper on the taxation of cryptoassets for individuals. HMRC defines cryptoassets or cryptocurrencies...

OECD: Peer reviews on BEPS Action 5 minimum standard

December 22, 2018

On 13 December 2018 the OECD published the 2017 Peer Review Reports on the Exchange of Information on Tax Rulings....