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).
Details of the appeal brought by Amazon on 22 May 2018 against the European Commission’s conclusion that the company received illegal state aid under a tax ruling in Luxembourg have been published on the Court of Justice’s Curia website.
The European Commission has initiated infringement proceedings in respect of share loss relief and CGT relief for irrecoverable loans to traders, and has escalated proceedings on an aspect of the UK’s administration of the VAT mini one-stop-shop.
The 2018 protocol to the UK/Mauritius double taxation convention, signed in February, entered into force on 13 July. The protocol is effective in both countries from 28 February 2018.