International updates - July/August 2015

July 14 2015

The latest international updates from our correspondents around the world.

Argentina: New Argentina-Chile tax treaty creates fresh structuring opportunities

Australia: Australian Budget measures receive royal assent

Bulgaria: The alternative choice for tax planning

Canada: CRA GAAR committee documents compelled – Superior Plus Corp v the Queen

Chile: Transitory regime for goods and income located or perceived abroad

Chile: New instructions regarding provisional withholding on capital gains

China: Implementation guidance issued for Announcement 7 indirect transfers

EU: ‘Tax Transparency Package 2.0’: New EU action plan for fundamental reforms of business taxation in the EU

Germany: Federal Tax Court rules CFC income is not subject to trade tax

Hong Kong: Hong Kong moves towards a favourable Treasury regime

Luxembourg: Luxembourg starts ratification process of four new tax treaties and six amending protocols

Malta: Aviation transactions benefit from Malta tax regime

Middle East: The impact of FATCA on financial institutions in the GCC

Montenegro: New incentive related to cinematography law in Montenegro

New Zealand: Government announces measures for taxing gains from sales of residential property

New Zealand: New director requirements and disclosure obligations for New Zealand companies

Poland: Changes to the Polish VAT law

Russia: New Russian transfer pricing rules for corresponding adjustments

Spain: Spain set to introduce modifications to transfer pricing reporting requirements

Switzerland: Revised draft legislation on Corporate Tax Reform III introduced into parliament

US Outbound: Final anti-inversion regulations retain bright-line substantial business activities test

Topics

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More from across our site

Indirect Tax

gregor mcmillan resized.jpg

The growing market for insurance-backed receivable financing

Gregor McMillan of Howden explains how insurance-backed financing can help businesses and funds unlock liquidity from tax receivables and other contingent claims

Tom Baker, September 23 2026

Direct Tax

New york

Milbank hires O’Melveny’s tax chair in New York

The arrival of Alex Anderson swiftly follows that of funds tax specialist Stuart Alter and suggests the Tier 3-ranked firm has higher ambitions

Tom Baker, September 22 2026

Direct Tax

handshake

WTS UK continues big four challenge with double tax hire

One of the two appointments is EY’s Gordon McIntosh, who becomes the big four firm’s second senior tax departure in September

Sam Sholli, September 21 2026

Indirect Tax

julian balson.png

Beyond the headlines: Inside Fieldfisher’s successful bid for EY’s trade disputes chief

Balson's move from a Tier 1 practice to a Tier 3 competitor looks counterintuitive. The market data suggests it is anything but

Tom Baker, September 21 2026

Awards

ITR Europe Awards

Deloitte, KPMG, DLA Piper and Eversheds Sutherland win headline ITR Europe Awards

It was another banner year for Deloitte, which picked up more awards than any other firm at a gala ceremony held at The Londoner in Leicester Square

Sam Sholli, September 18 2026

Direct Tax

‘Difficult to read’: damning report prompts KPMG Australia to accept whistleblower failing

The big four firm has been embroiled in a scandal over partners’ misuse of confidential board papers to pitch for and win corporate audits for Westpac and Dexus

Sam Sholli, September 17 2026

Transfer Pricing

PepsiCo

New ATO royalty withholding tax ruling: not just for technology

Drawing on lessons from the PepsiCo case, tax lawyer Paul McNab explains why the ATO's latest royalty guidance should concern multinationals well beyond the technology sector

Paul McNab, September 17 2026

Direct Tax

Strategic Business Audit and Financial Management: Analyzing Data for Profitable Growth, Magnifying glass science and technology, Graphs and dashboard

Why tax needs a new operating model

As pillar two exposes the limits of fragmented tax processes, organisations are rethinking their operating models to create the trusted data foundations that AI demands

Russell Gammon, September 16 2026

Direct Tax

Kirkland & Ellis

Kirkland strengthens NY transactional tax bench with Gibson Dunn hire

World Tax data shows Matt Donnelly is moving from a Tier 3 transactional tax practice to a Tier 1 market leader, underlining Kirkland & Ellis’s pull at the top end of the market

Sam Sholli, September 15 2026

Podcasts

Nexdigm podcast article header

Podcast: Nexdigm and infer360 on AI, TP and consolidation

Nexdigm's Maulik Doshi and infer360 co-founder Sunil Agarwal dig deeper into their partnership and discuss why the tax technology industry is consolidating

Tom Baker, September 14 2026