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The European Council has urged Switzerland to take swift action to reform its corporate tax system in the wake of last month's referendum result. Read Full Story
McDonald's has confirmed that it is restructuring some of its operations so that it will pay tax on most of its non-US royalties in the United Kingdom instead of in Luxembourg. Read Full Story
New Zealand's Inland Revenue Department has clarified that the fringe benefit tax does not apply to car parking spaces provided to employees by their employers. Read Full Story
On October 20, 2015, Sri Lanka's Government passed several amendments to implement tax proposals announced in the 2015 Interim Budget. Read Full Story
Dixcart, an international business support services provider, has released a new guide on the UK's Diverted Profits Tax, which was altered ahead of its introduction on April 1, 2015. Read Full Story
The South African Revenue Service has issued a revised draft interpretation note that discusses the principles and guidelines for considering the "place of effective management" in determining the tax residence of a company. Read Full Story
On December 31, Walgreen Co. completed its combination with Alliance Boots GmbH to form Walgreens Boots Alliance, Inc, with its headquarters remaining in the United States, rather than being transferred abroad by way of a "corporate inversion." Read Full Story
PwC Singapore has released its annual tax policy recommendations, which have been compiled in response to an ongoing Ministry of Finance pre-Budget consultation on tax and spending measures. Read Full Story
Switzerland and members of the European Union have signed a joint statement that reaffirms Switzerland's commitment to abolish contested corporation tax regimes and EU member states' pledge to lift countermeasures. Read Full Story
Mining, gas, and oil companies registered in the UK will now be required to report on the payments made to governments in all the countries they operate in as of January 1, 2015, Business Minister Jo Swinson announced on August 21, 2014. Read Full Story
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