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When Pascal Saint-Amans spoke with ITR about his challenges for 2015, the OECD's top tax man said unilateral action to implement anti-BEPS items remains one of his chief concerns.

Jim Fuller

Flurin Poltera

Taxpayers may have plenty to fear if next week’s Tenth Circuit case concerning the so-called Amazon tax goes in favour of Colorado, as it could lead other states to implement similar rules to cash in on the verdict, massively increasing US compliance burdens for online traders, as well as hitting their profits.

The recent release of Ireland’s major strategy paper, ‘IFS2020 – A strategy for Ireland’s financial services sector 2015-2020’ addresses Ireland’s five year strategy in further developing the country as a global leader in the financial services sector.

See who has done the tax work on this month’s biggest deals

This month, Keith Brockman, global tax director at Mars, lecturer and author of the Strategizing Multinational Tax Risks blog, runs the rule over issues of transfer pricing risk determination, focusing on transparency and the benefits of increased levels of authority reciprocity.

© European Union 2014 The European Commission is promoting its Tax Transparency Package, published March 18, as a tool for "healthier" tax competition as well as for helping member states identify abusive tax practices. The Package is part of the Commission's strategy "to make corporation taxation fairer and more efficient within the Single Market". As a sign of this wider approach, Valdis Dombrovskis, the Commission vice-president responsible for the euro and social dialogue, accompanied Pierre Moscovici, the commissioner for economic and financial affairs, taxation and customs, at the launch of the document.

ABBL: Luxembourg is fully committed to the fight against tax fraud and tax evasion Luxembourg's compliance with the Foreign Account Tax Compliance Act (FATCA) moved a step closer on March 6 after the government adopted draft legislation to ratify its bilateral intergovernmental agreement with the US.

Eddie Ahn March saw the release of draft legislation for the long awaited reforms to the Investment Manager Regime (IMR) and Offshore Banking Unit (OBU) concessions, as well as further progress on transfer pricing and exchange of tax information. On March 12, the Australian Government released the draft legislation for the third stage of the IMR reforms. These reforms remove tax impediments to investing in Australia in order to attract foreign investment and promote the use of Australian fund managers. The amendments in the draft legislation broaden the income tax and capital gains tax (CGT) exemptions under the IMR concessions to cover investments in Australian assets (excluding real property) that are of a portfolio nature. The changes also broaden the 'widely held' test to be more consistent with and expand on the corresponding test in the Australian managed investment trust provisions. Qualifying foreign entities will be eligible for the IMR concession if they directly invest in Australia or invest via an independent Australian fund manager.