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The UK tax authority, HM Revenue and Customs, has issued guidance for businesses on the preparation of country-by-country reports in the required format. Read Full Story
The US Internal Revenue Service has begun accepting country-by-country reports from multinational corporations. Read Full Story
EU finance ministers are to discuss a joint proposal from France and Germany on the taxation of home-sharing platforms, according to reports. Read Full Story
Luxembourg Finance Minister Pierre Gramegna has introduced legislation into parliament that would establish a new intellectual property tax regime in Luxembourg. Read Full Story
Whilst the peer-to-peer economy has posed many challenges to traditional tax collections systems, the sector's technological foundation also holds the keys to solving these problems, according to a new report by the International Monetary Fund. Read Full Story
New Zealand said it will continue discussions on updating its double tax agreement with China on August 14. Read Full Story
The Government of Hong Kong has said that it will introduce legislation into the Legislative Council by the end of this year to implement the minimum standards proposed by the OECD as part of its base erosion and profit shifting project. Read Full Story
Contrary to calls from businesses from the regulation's withdrawal, the Institute on Taxation and Economic Policy has called on the US Treasury to fully implement and strengthen its final Section 385 anti-earnings stripping debt-equity regulations, designed to reduce the benefits of corporate tax inversions. Read Full Story
The New Zealand Government has tabled in parliament a multilateral convention that will enable it to update tax treaties in line with the OECD's recommendations on base erosion and profit shifting. Read Full Story
The Platform for Collaboration on Tax, a joint initiative of the OECD, the International Monetary Fund, the United Nations, and the World Bank Group, has launched for consultation a draft toolkit designed to help developing countries address concerns surrounding the tax treatment of offshore indirect transfers of assets. Read Full Story
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