News

Singapore has signed the BEPS Multilateral Tax Treaty

Singapore recently signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS).


5 New jurisdictions join the global tax transparency reporting agreement

As part of continuing efforts to boost tax transparency by international corporations; the following 5 countries have signed the MCAA (Multilateral Competent Authority Agreement) for the automatic exchange of Country-by-Country reports:


BPF: New tax regime will cost the UK almost 10,000 potential jobs

The UK Government have released controversial proposals that will limit tax deductibility of interest, which could mean an additional spending expenditure of £670 million each financial year for the housing market. This is the equivalent of the creation of 9,500 jobs in the construction sector.


OECD proposals for changes to tax legislation are imminent warn BEPS

The OECD (Organisation for Economic Co-Operation and Development) started a huge globally wide investigation into tax avoidance by multinational companies. As it has been a few years since the initiative began, substantial changes have been made to the international tax system which doesn’t look to be stopping in the coming years. Certain amendments will affect all businesses everywhere, not only international conglomerates.


European Parliament publishes paper on Third-Country Tax-Governance

The European Parliament has released a study on “Selected International Third-Country Tax-Governance Issues” facing taxation challenges which could evolve in the coming decade.


Tax planning measures implemented in Brazil

A requirement for taxpayers to submit a declaration form by September 30th each year with details of any transactions that may result in tax savings is stated in a Provisional Measure 685/2015 published in Brazil’s Official Gazette last July.