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IMF report comments on tax policy of Pakistan

March 29, 2016

On 25 March 2016 the IMF issued a press release in connection with the tenth review under the Extended Fund...

IMF report comments on fiscal policy of Thailand

March 29, 2016

On 28 March 2016 the IMF issued a report following discussions in Thailand under Article IV of the IMF’s articles...

OECD: Consultation document on treaty access for non-CIV funds

March 27, 2016

The OECD has issued a consultation document inviting comments on issues arising from the tax treaty entitlement of non-CIV vehicles....

UK: Responses to consultation on company distributions

March 26, 2016

On 24 March 2016 the UK published a summary of responses to the consultation on company distributions. This consultation followed...

UK: Responses to call for evidence on cash and noncompliance

March 26, 2016

On 24 March 2016 HMRC published a summary of responses to the call for evidence on cash, tax evasion and...

UK: Finance Bill 2016 Published

March 24, 2016

The UK Finance Bill for 2016 was published on 24 March 2016. The Bill contains tax measures announced in the...

UK: HMRC Clarifies Gift Aid Rules

March 24, 2016

HMRC has clarified aspects of the rules for UK tax relief for individuals under the Gift Aid provisions. Under these...

Poland publishes new R&D tax incentives

March 24, 2016

The Council of Ministers published a bill introducing amendments to the Corporate Income Tax Law regarding tax incentives for the...

Canada: Business income taxation changes in Budget 2016

March 23, 2016

The Finance Ministry presented the Budget for 2016 on 22nd March 2016. Details regarding business income taxation are summarized below:...

Canada: Proposal regarding CbC reporting in Budget 2016

March 23, 2016

Canadian Budget for 2016 proposes new legislation to strengthen transfer pricing documentation by introducing country-by-country reporting for large MNEs. The...

IMF Working Paper looks at reform priorities of Chinese tax administration

March 18, 2016

On 17 March 2016 the IMF published on its website a Working Paper entitled Tax Administration Reform in China: Achievements,...

OECD: Latin American Revenue Statistics

March 18, 2016

The OECD has published the revenue statistics for Latin American and Caribbean countries. The report entitled Revenue Statistics in Latin...

Turkey: Draft communiqué on transfer pricing documentation, country-by-country reporting

March 18, 2016

The revenue administration of Turkey has issued a draft communiqué on 16th March 2016 that would introduce new transfer pricing...

UK budget announcements 2016

March 16, 2016

The UK budget announcements for 2016/17 were delivered on 16 March 2016. The Chancellor announced a business tax road map...

European Commission and IMF discuss revenue mobilization

March 15, 2016

Representatives of the European Commission and the international Monetary Fund (IMF) met on 14 March 2016 to discuss strengthening their...

EU Joint Transfer Pricing Forum Discusses Comparables in the EU

March 13, 2016

The meeting of the EU Joint Transfer Pricing Forum (EU JTPF) on 18 February 2016 considered some of the relevant...

UK: Budget to be announced this week

March 13, 2016

The UK budget for 2016/17 is to be announced on 16 March 2016. As the UK’s economic outlook is not...

US: President Obama Submitted his Administration’s Fiscal year 2017 Budget

March 12, 2016

President Obama has submitted his Administration’s fiscal year 2017 budget to the US Congress. The proposal would raise $955 billion over ten...