International review for August 2019

A look at the international tax landscape over the past month has left me with somewhat mixed feelings. Positive strides forward have been made in the ever-present digital economy debate as well as in the tax transparency and transfer pricing arenas. The G7 has again declared its firm commitment to build a fairer international tax system; an in-principle agreement was reached for a global minimum tax. At EU level member states are en route to implement the EU’s mandatory disclosure reporting (DAC 6) rules. Brazil has been working closely with the OECD in order to attempt to converge to the OECD’s transfer pricing guidelines whilst India and China have chosen to introduce BEPS related amendments to their tax treaty. These positive developments have however been overshadowed by tense relations between other major...