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Global beverages company Diageo has said that it is in discussions with the French and British tax authorities over the deductibility of interest costs and a Diverted Profits Tax liability. Read Full Story
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 EU is considering four new kinds of sanctions for jurisdictions included on a forthcoming "blacklist" of so-called tax havens, according to reports. Read Full Story
The US Internal Revenue Service has begun accepting country-by-country reports from multinational corporations. Read Full Story
The Australian Labor Party has announced plans to introduce a private Senators' bill that would require private companies with more than AUD100m (USD78.7m) in turnover to publicly release information on their tax affairs each year. 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
On August 3, 2017, the Irish Revenue published Revenue e-Brief No. 74/17, which contains guidance for taxpayers on complying with Ireland's transfer pricing documentation requirements. 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 Irish Revenue has published a new e-brief that explains the procedure through which taxpayers can request mutual agreement procedure assistance in Ireland, in cases where a company considers it has been subject to double tax. 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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