Posts by admin

UK: Introduced Country-by-Country (CbC) Reporting Requirement as Final Regulation

March 11, 2016

UK has introduced Country-by-Country (CbC) reporting requirement for domestic entities with consolidated group revenue of €750 million or more for...

World Bank: Emissions trading and carbon taxes

March 10, 2016

Om 8 March 2016 the World Bank held a conference with over thirty developed and developing countries on the challenges...

OECD Working Paper looks at Environmental Taxes and Inequality in Income Sources

March 10, 2016

An OECD Working Paper published in February 2015 explores the relationship between environmentally related taxes and inequality in income sources....

WTO: Negotiations on agricultural issues

March 10, 2016

Member countries of the World Trade Organization (WTO) have identified a set of broad issues for continuing negotiations on agricultural...

US: Transfer Pricing Adjustments for Consolidated Group Members

March 10, 2016

The U.S. Tax Court has issued an opinion concluding that the IRS Commissioner—in exercising authority under Code section 482 and...

OECD: Fifth Global Forum on Transfer Pricing

March 9, 2016

The fifth Global Forum on Transfer Pricing convened on 2 and 3 March 2016 with contributions from government and from...

Israel: Implementing surcharge for high-income earners

March 9, 2016

The tax authorities of Israel have released instructions on the levying of a 2% surcharge on income over NIS 803,520...

Iceland: New deadlines for filing tax returns

March 8, 2016

Tax procedures of tax return filling for legal entities has been amended by Law No. 124/2015 as adopted by the...

OECD: Meeting of Task Force on Tax and Development

March 7, 2016

The OECD’s Task Force on Tax and Development met on 1 March 2016 to discuss the inclusive framework for implementing...

PGA Highlights: February 2016

March 6, 2016

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

Luxembourg: Proposed 2017 tax reform measures

March 5, 2016

The government of Luxembourg released an outline of the proposals on 29 February 2016 for tax reform in 2017. The...

Transfer Pricing Brief: February 2016

March 3, 2016

Taiwan: Transfer Pricing Rules: As per the amendments to the Regulations governing assessment of profit-seeking enterprises, it is mandatory to...

IMF comments on Luxembourg tax changes

March 3, 2016

As part of a report on Luxembourg’s economic position following discussions under Article IV of its articles of agreement the...

OECD: Report to G20 on BEPS and global forum developments

March 2, 2016

A report by the OECD prepared for the meeting of the G20 Finance Ministers on 26 and 27 February 2016...

OECD: Discussion draft on treaty residence of pension funds

March 2, 2016

On 29 February 2016 the OECD issued a discussion draft on the tax treaty residence of pension funds. Changes are...

Chile: IRS established an obligation to submit a new affidavit aligned with BEPS

March 1, 2016

According to tax audit strategy of Chile, the Internal Revenue Service (IRS) has improved its formal requirements for Chilean taxpayers....

UK: Regulations on Country by Country Reporting

February 29, 2016

The Taxes (Base Erosion and Profit Shifting) (Country-by-Country Reporting) Regulations 2016 contain detailed regulation on country by country (CbC) reporting....

Turkey: R&D reform package enters into force

February 26, 2016

The Law No. 6676 on the Research and Development (R&D) Reform Package was published in Official Gazette on February 26,...