The Australian Tax Office has made some changes to how it works with large businesses, including creating a new role to look at base erosion and profit shifting (BEPS).
The much-anticipated filing last week of Twitter’s S-1 document with the Securities and Exchange Commission before its initial public offering (IPO) also revealed the micro-blogging site’s tax position.
The UK tax authorities said they will adopt the country-by-country reporting provisions of the EU Capital Requirements Directive 4 (CRD4) and Capital Requirements Regulation (CRR) proportionately and in a way that is consistent with how other member states implementing them and with international tax transparency initiatives, even though the government voted against them in the European Council.
