BEPS News

Cayman Explains How To Comply With New Economic Substance Rules

by Mike Godfrey, Tax-News.com, Washington

Thursday, August 22, 2019

The Cayman Government has set out how companies should comply with new economic substance requirements, which must be met for certain companies to access the territory's tax regime. Read Full Story

USTR Stages Hearing On French Digital Tax Response

by Mike Godfrey, Tax-News.com, Washington

Thursday, August 22, 2019

On August 19, 2019, the Office of the United States Trade Representative held an off-camera public hearing on France's recently introduced digital services tax, attended by three major technology firms. Read Full Story

OECD's Digital Tax Work Has Broad Ramifications For Ireland

by Jason Gorringe, Tax-News.com, London

Thursday, August 22, 2019

As a small open economy, Ireland may be affected significantly by the OECD's proposals to modify how taxing rights are allocated among countries, Irish business association Ibec has said. Read Full Story

Australian High Court Allows Use Of Leaked Data In Tax Probes

by Mary Swire, Tax-News.com, Hong Kong

Thursday, August 22, 2019

The Australian Taxation Office has welcomed a significant ruling from Australia's High Court, which enables the tax agency to use information obtained from data leaks, even if leaked from a law firm. Read Full Story

US Appeals Court Backs Amazon In Transfer Pricing Case

by Mike Godfrey, Tax-News.com, Washington

Thursday, August 22, 2019

On August 16, 2019, the United States Court of Appeals for the Ninth Circuit issued a decision in favor of Amazon, in a case involving the regulatory definition of intangible assets and the method of their valuation in a cost-sharing arrangement. Read Full Story

Bulgaria Introduces New TP Documentation Rules

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, August 22, 2019

Bulgaria has amended its Tax and Social Security Procedure Code (TSSPC), with effect from July 31, to obligate groups to prepare new transfer pricing documentation from 2020. Read Full Story

OECD Releases Action 14 Peer Reviews For Six States

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, August 22, 2019

The OECD on August 13, 2019, released follow-up reports for Belgium, Canada, the Netherlands, Switzerland, the United Kingdom, and the United States on their efforts to implement BEPS recommendations on dispute resolution. Read Full Story

Luxembourg Submits Anti-Hybrid Mismatch Law

by Ulrika Lomas, Tax-News.con, Brussels

Thursday, August 22, 2019

On August 8, 2019, the Government of Luxembourg submitted to parliament draft law to implement the requirements of the second European Union Anti-Tax Avoidance Directive (ATAD 2), which tackles hybrid mismatch arrangements. Read Full Story

New Zealand, Switzerland Update DTA

by Mary Swire, Tax-News.com, Hong Kong

Thursday, August 8, 2019

New Zealand and Switzerland have signed a protocol to their double tax agreement that will introduce provisions to prevent treaty abuse and enhance how the countries resolve tax disputes. Read Full Story

Belgium Accepting Amendments To Filed CbC Reports

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, August 8, 2019

Belgium's tax agency has announced that its MyMinfin portal is now open for multinational taxpayers seeking to correct errors in filed country-by-country reports. Read Full Story

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