The Business Roundtable (BRT), an association of the chief executive officers of leading US multinationals, released a report this week urging Congress and the Obama Administration to undertake comprehensive tax reform this year.
HM Revenue & Customs has released new guidance on the UK’s General Anti-Abuse Rule (GAAR), which is scheduled to come into effect in July, after the Finance Bill 2013 becomes law.
After a joint statement from the finance ministers of France, Germany, Italy, Spain and the UK (the G5) that they will push for greater exchange of bank information, other countries have signalled their willingness to join the effort.
Argentina and Spain signed a new double taxation treaty (DTT) on March 11 2013, replacing the version that was terminated in June 2012. Guillermo Teijeiro, founding partner of Teijeiro & Ballone Abogados, analyses the new treaty, which has retrospective effect to January 1 2013.
In a week that will see President Barack Obama release his budget, the two top tax-writing figures in Congress have stepped up the prospects for US tax reform by publicly reinforcing their desire to implement a bipartisan overhaul of the tax code.
