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Jock McCormack The Australian Government released a measured but significant 2015-2016 Federal Budget on May 12 2015. The three main tax changes include a focus on multinational tax avoidance by introducing new targeted non-resident anti-avoidance measures and penalties, changing the goods and services tax (GST) to apply to intangible supplies made by non-residents (including digital content) and tax concessions for small businesses. The Budget continues the Australian Government's focus on certain foreign-based multinationals, after the Australian Senate's inquiry focussed on the Australian tax positions of leading global e-commerce companies.

On May 21, the Central Government issued a draft scheme on range concept and use of multiple year data and invited comments and suggestions from stake holders and general public by 31 May 2015.

The Swedish Tax Agency (STA) bears the burden of proof that pricing between associated companies differs from what would have been agreed between independent companies but this burden has proved difficult for it to meet.

The Indian Ministry of Finance has issued a fresh notice preventing the collection of taxes on transfer pricing cases for Indian subsidiaries of UK resident companies undergoing a mutual agreement procedure (MAP).

The European Tax Awards 2015 were presented on May 21 at a dinner at the Grosvenor House Hotel in London.

A recent Italian court ruling has emphasised that comparable uncontrolled price (CUP) is the most suitable approach to quantifying an arm’s-length value.

The Indonesian Minister of Finance has rejected claims that the country’s corporate tax rate will be cut to less than 18%.

Current account structures enable companies in the same economic group to make cash available to each other, generating reciprocal obligations of booking the amounts corresponding to withdrawals and disbursements of cash, without one being considered a creditor or debtor of the other.

This year's Americas Tax Awards will take place in New York on September 17. Make sure you are ready to compete.

Andrus Ansip, European Commission vice president for the digital single market, has promised to launch a proposal for an EU-wide VAT threshold on business-to-consumer (B2C) e-services “as soon as possible”.