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The Canadian Government's planned crackdown on tax planning strategies that involve private corporations could result in significant tax increases that negatively affect entrepreneurs, according to the Society of Trust and Estate Practitioners Canada. Read Full Story
Ireland's new Finance Minister, Paschal Donohoe, has described the EU's demand for the collection of up to EUR13bn (15.3bn) in "unpaid" taxes from Apple as unjustified, according to reports. Read Full Story
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
Canadian Foreign Affairs Minister Chrystia Freeland has said that the Government will push for NAFTA to be modernized and made more progressive when renegotiation talks with the US and Mexico get underway. Read Full Story
The Irish Government is said to be nearing a deal with Apple that would protect the state from any losses that could arise while it holds in escrow the "state aid" money the EU has ordered the tech giant to pay back. 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
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 Swiss Federal Council has announced that an information exchange amendment to the double tax agreement with Belgium has entered into force. Read Full Story
New Zealand's Finance Ministry has announced that it has decided on new measures to address base erosion and profit shifting. Read Full Story
With a move to a territorial tax system a key Republican proposal for tax reform, the Tax Foundation has warned that lawmakers need to carefully consider how such a system would work for the United States. Read Full Story
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