• World Wide Tax News - Issue 38
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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