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multinationals News

Australia To Strengthen Multinational Anti-Avoidance Law

by Mary Swire,, Hong Kong

Wednesday, February 14, 2018

The Australian Government is to tighten its Multinational Anti-Avoidance Law to prevent the use of certain structures to circumvent the law's application. Read Full Story


Australia Adds To Diverted Profits Tax Guidance

by Mary Swire,, Hong Kong

Tuesday, February 13, 2018

The Australian Tax Office on February 7 released draft Practical Compliance Guideline 2018/D2 on the operation of Australia's Diverted Profits Tax for consultation. Read Full Story


Tax Agencies To Discuss TP Proactively With Willing MNEs

by Ulrika Lomas,, Brussels

Wednesday, February 7, 2018

The OECD has recently launched a new program – the International Compliance Assurance Programme – being spearhead by the Forum on Tax Administration that is aimed at providing assurance to multinationals with regards to their transfer pricing affairs. Read Full Story


Hong Kong To Soon Join OECD's Multilateral Tax Compact

Mary Swire,, Hong Kong

Friday, February 2, 2018

Hong Kong on February 2, 2018, ratified an Ordinance to enable the territory to soon join the OECD's Multilateral Convention on Mutual Administrative Assistance in Tax Matters and thereby more simply and more broadly agree to exchange tax information with other countries' tax authorities. Read Full Story


Korea Legislates For BEPS 5 Minimum Standard

by Mary Swire,, Hong Kong

Wednesday, January 17, 2018

Among amendments announced recently to the country's tax reform plans, South Korea has legislated to exchange information received from taxpayers as part of applications for advance pricing agreements. Read Full Story


Swiss Gov't Pushes For Adoption Of Tax Overhaul

by Ulrika Lomas,, Brussels

Thursday, January 11, 2018

The Swiss Federal Council has said that corporate tax reform is now urgently needed, with the Government hopeful that the first reforms could enter into force in 2019. Read Full Story


Interest In Ireland 'Unwavering' Despite US Tax Reform

by Jason Gorringe,, London

Monday, January 8, 2018

The head of Ireland's inward investment promotion agency has said that he does not believe that the US corporate tax cut will significantly impact investment in the coming months. Read Full Story


Singapore, Mauritius Added To Ukraine's TP Control List

by Lorys Charalambous,, Cyprus

Thursday, January 4, 2018

The Government of Ukraine has included Singapore, Mauritius, and seventeen other nations in its list of tax jurisdictions whose transactions are subject to additional transfer pricing controls. Read Full Story


ATO Consults On Diverted Profits Tax Guidelines

by Mary Swire,, Hong Kong

Thursday, January 4, 2018

The Australian Taxation Office is consulting on draft guidance on the diverted profits tax, which entered into force in July 2017. Read Full Story


US Agrees To Exchange CbC Reports With Spain

by Ulrika Lomas,, Brussels

Thursday, December 28, 2017

In a recent update, the Internal Revenue Service has announced that it has agreed a bilateral competent authority agreement with authorities in Spain to exchange country-by-country reports. Read Full Story



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