Following a state aid investigation begun in 2013, the European Commission has concluded that Gibraltar’s corporate tax exemption regime for interest and royalties and five tax rulings, also involving interest and royalties, broke EU state aid rules between 2011 and 2013.
HMRC has published ‘synthesised’ texts of the UK’s double taxation conventions with the Slovak Republic and Lithuania, as modified by the BEPS multilateral instrument (MLI).
The OECD has published its second annual report containing the results of peer reviews on implementation of minimum standards for the exchange of information on tax rulings, in accordance with BEPS Action 5.
Pascal Saint-Amans, director of the OECD Centre for Tax Policy and Administration, looks back in the OECD's work on 2018 and the tax challenges of the digital economy.
HMRC has published the ‘synthesised’ text of the UK’s double taxation convention with Poland, as modified by the BEPS multilateral instrument (MLI). The MLI came into force for the UK on 1 October 2018 and for Poland on 1 July 2018.
The latest edition of the OECD’s annual publication, Revenue Statistics, shows a trend across OECD countries toward higher tax levels, mainly in corporate taxes, VAT and social security contributions, while personal income taxes fell slightly.
The government has published the draft Double Taxation Relief and International Tax Enforcement (Austria) Order 2018, which will bring into effect the new UK/Austria double taxation convention, signed on 23 October 2018.
The OECD secretary-general has published his report to the December 2018 meeting of G20 leaders in Buenos Aires, covering international tax developments including the digital economy, and progress on tax transparency.
The report is in two parts:
Plans to introduce an EU digital services tax (DST) have been significantly reduced in scope by a Franco-German joint declaration presented at the meeting of the Economic and Financial Affairs Council (ECOFIN) on 4 December.
Qatar has become the 85th country to sign the OECD’s Multilateral convention to implement tax treaty related measures to prevent BEPS, which allows jurisdictions to integrate results from the OECD/G20 BEPS project into their existing networks of bilateral tax treaties.