The Australian Treasury has launched a consultation to discover the views of Australian financial institutions about when the Common Reporting Standard (CRS) should be introduced in Australia, how much it could cost them to implement and comply with and how those costs could be minimised.
Just a day after the EU Commission announced it would investigate whether the Netherlands breached European state aid rules in its tax treatment of Starbucks, that country updated its guidelines on advance tax rulings (ATRs), advance pricing agreements (APAs) and substance requirements.
The number of jurisdictions considered to have an intergovernmental agreement (IGA) in place with the US for the implementation of the Foreign Account Tax Compliance Act (FATCA) has passed 50.
Politicians, officials and taxpayers spelled out the need for the outcomes of the BEPS project to work for companies and governments at the European Tax Policy Forum annual conference in London this week.
A survey of chief executive officers about the global economy has produced a number of headline-grabbing figures about their attitudes to tax, such as a surprising high level of support for country-by-country reporting, which would require them to disclose their companies’ income, profit and tax in each country in which they operate.
