The House of Parliament of Cyprus on May 24 2012 voted in favour of a package of tax incentives to stimulate economic growth. One area of focus was the country’s intellectual property regime, and the measures (implemented retrospectively from January 1 2012) are now attracting a lot of interest.
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Valid pillar two objectives are still intact after the side-by-side agreement, but whether the framework is now settled is ‘a $64,000 question’, Morrison Foerster’s tax chair told ITR
The firms made senior hires in Los Angeles and Cleveland respectively; in other news, South Korea reported an 11% rise in tax income, fuelled by a corporation tax boom
While the manual should be consulted for any questions around MAPs, the OECD’s Sriram Govind also emphasised that the guidance is ‘not a political commitment’
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