An informal ECOFIN meeting which discussed corporate taxation challenges of the digital economy has received a lot of media attention. At home, we’ve finally seen the second Finance Bill for 2017, which includes the CIR legislation and changes to the hybrids rules. The OECD has published materials on hybrids and CBCR; and, in the US, President Trump has again been talking about tax reform. In Europe, the Luxembourg government has introduced a bill to bring in a new IP tax regime, major tax reform is underway in Belgium, and Italy’s ‘allowance for corporate equity’ has been refined.
