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PGA Highlights: October 2016

November 2, 2016

In the United States the following events have taken place under the several PGA during the month of October 2016....

UK: Revised professional code of conduct to combat tax avoidance

November 1, 2016

On 1 November 2016 HMRC announced that seven leading tax and accountancy bodies in the UK have revised their Professional...

UK: Report highlights HMRC tax investigations of high net worth individuals

November 1, 2016

The UK’s National Audit Office has noted that the tax authority HMRC is currently pursuing around a third of the...

Croatia presented a tax reform package

November 1, 2016

The Minister of Finance submitted a tax reform package with the main objective of simplifies the tax system On 27...

Israel: Draft Budget Plan 2017/2018 presented

November 1, 2016

The draft budget plan for the year 2017/2018 has been presented on 31st October 2016 by the Finance Ministry. The...

ECJ: Advocate General’s opinion in the British Film Institute case

October 31, 2016

The Advocate General of the European Court of Justice (ECJ) issued an opinion on 29 September 2016 in the British...

OECD releases schedule for peer reviews under BEPS Action 14

October 31, 2016

On 31 October 2016 the OECD made available the first schedule for peer reviews of countries under Action 14 of...

OECD: Update on Convention on Mutual Assistance in Tax Matters

October 30, 2016

The OECD announced on 28 October 2016 that 106 jurisdictions globally have now signed the Multilateral Convention on Mutual Assistance...

World Bank issues 2017 report on ease of doing business

October 29, 2016

On 25 October 2016 the World Bank issued the 2017 issue of the annual report on ease of doing business...

Bulgaria: Country-by-country reporting

October 29, 2016

A bill entitled “Bill 602-1-59” has been submitted to the Bulgarian parliament. The Ministry of Finance has published a draft...

UK: Statistics on funds raised through the EIS and SEIS

October 28, 2016

The schemes known as the Enterprise Investment Scheme (EIS) and the Seed Enterprise Investment Scheme (SEIS) are two of the...

OECD: Update issued on automatic exchange of information

October 28, 2016

On 20 October 2016 the OECD announced the establishment of the first series of bilateral relationships among jurisdictions committed to...

OECD Issues BEPS Documents on Monitoring Mutual Agreement Procedures under Action 14

October 27, 2016

Action 14 of the OECD project on base erosion and profit shifting (BEPS) was concerned with making dispute resolution procedures...

Croatia: Tax reform package announced

October 27, 2016

The Finance Minister has presented a tax reform package on 27th October 2016 for simplifying the tax system. The key...

IMF statement comments on fiscal policy in Pakistan

October 26, 2016

On 25 October 2016 a statement was issued following the conclusion of a visit by the IMF Managing Director to...

IMF Managing Director discusses fiscal position of Saudi Arabia

October 26, 2016

On 26 October 2016 the IMF Managing Director discussed the economic outlook and policy priorities with Saudi Arabia and other...

IMF statement summarizes economic position of Uganda

October 26, 2016

On 26 October 2016 the IMF staff team released an end of mission statement summarizing their preliminary findings following a...

UK: Extension of interim securitization regime

October 26, 2016

Securitization companies are used by some businesses to raise funds by issuing debt to the market and holding assets as...