Cross-border group relief
The OECD has published the final text of its common reporting standard (CRS) for automatic exchange of information between tax authorities worldwide. The commentary to the CRS is still under discussion at the OECD.
The European Commission is to review member states’ tax regimes during 2014 for instances of EU citizens being taxed more heavily as a result of residing in a country other than their own.
John Watson, former head of tax at Ashurst, with assistance of Martin Precious, reviews the options for reform of the international taxation of corporate profits, in view of the OECD's action plan on tackling base erosion and profit shifting.
Jason Collins gives his predictions on what to expect from next week’s Autumn Statement.
Sjoerd Douma & Bob van der Made, PwC, set out the key proposals.
Loopholes in the Parent-Subsidiary Directive (Council Directive 2011/96/EU) exploited by companies avoiding corporation tax are to be closed as part of a European Commission’s action plan to tackle tax evasion. The proposed reforms to the directive include:
Richard Woolich reviews changes to the place of supply rules in 2015 and the extended one stop shop.
The OECD has launched a consultation on a series of minor changes to the OECD Model Tax Convention. The majority are minor editorial or clarificatory changes, but they do include additional commentary on:
The EC has adopted revised state aid criteria for assessing member states’ support schemes in favour of films and other audio-visual works.