Tim Sarson (KPMG) provides your monthly update on the latest developments that matter in the international tax world.
Will Morris (PwC and BIAC) considers four factors that will influence international tax policy over the next decade and beyond.
Saudi Arabia has become the 84th 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.
The European Commission has found that the non-taxation of certain McDonald's profits in Luxembourg did not lead to illegal state aid, as it is in line with national tax laws and the Luxembourg/United States double taxation treaty.
The OECD’s centre for tax policy and administration has published a brochure highlighting its key work areas for 2018/19.
The European Commission has published the non-confidential version of its decision, announced on 20 June 2018, that two sets of tax rulings by the Luxembourg authorities in favour of companies in the Engie group (formerly GDF Suez) resulted in illegal state aid amounting to €120m.
The OECD has released eight peer review reports on implementation by Australia, Ireland, Israel, Japan, Malta, Mexico, New Zealand and Portugal of new minimum standards for tax dispute resolution mechanisms under BEPS Action 14.
The government has published three draft orders which will give effect to the new comprehensive double taxation agreements signed in July with Jersey, Guernsey and the Isle of Man.
The Former Yugoslav Republic of Macedonia (FYROM) has become the 117th jurisdiction to join the Inclusive Framework on BEPS (https://bit.ly/2LDagtT).