World Wide Tax News - Issue 38
01 June 2015
The main developments in the Organisation for Economic Co-operation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) project since the previous edition of WWTN have been the issue of:
- A Public Discussion Draft on BEPS Action 3: Strengthening CFC rules
- A Revised Discussion Draft on BEPS Action 6: Prevent Treaty Abuse
- A Revised Discussion Draft on BEPS Action 7: Preventing the artificial avoidance of PE status
- A Public Discussion Draft on BEPS Action 11: Improving the analysis of BEPS.
Contents
- INTERNATIONAL: The latest BEPS developments: The latest BEPS developments
- CHINA: New rules on indirect transfers of assets by non-resident enterprises
- INDIA: Amendments introduced by Finance Act 2015 / GST Constitutional Amendment Bill - an update
- INDONESIA: Implementation of the mutual agreement procedure
- SINGAPORE: Budget 2015 highlights
- SRI LANKA: Change in tax treatment of royalty payments and fees for technical services
- THAILAND: Incentives for international headquarters and trade centres
- EUROPEAN UNION: Directive on automatic exchange of tax rulings
- BELGIUM: Tax update
- IRELAND: Tax update
- LUXEMBOURG: Revision of intellectual property regime
- SPAIN: Country-by-Country reporting regulations drafted
- SWITZERLAND: Corporate Tax Reform III - progress update
- ARGENTINA: Branches of foreign companies should not pay personal assets tax
- EGYPT: Recent tax changes
- UNITED STATES: Proposals on taxation of unremitted foreign earnings