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The European Commission is about to unveil its proposals for the EU's digital tax strategy. Major EU states like France and Germany want to take action now, but Ireland stands in their way.

For months, Congress promoted the tax reform effort as being focused on simplifying the outdated and complex 1986 Tax Code. Tax reform, culminating in H.R. 1, did no such thing, at least where it applies to multinational US corporations. Nowhere is this more apparent than in section 951A, the tax on global intangible low-taxed income, or ‘GILTI’. Erik Christenson, partner at Baker McKenzie, and Monte Silver, senior counsel at Eitan, Mehulal & Sadot explain.

On June 7 2017, Canada signed the OECD's Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), which will affect more than 70 of Canada's existing tax treaties. With respect to treaty abuse, Canada has chosen to implement the minimum standard by adopting the principal purpose test (PPT) without adopting the simplified limitation of benefits. In addition, Canada filed a notification that it accepts the PPT as an interim measure and that it intends, where possible, to adopt a limitation-on-benefits provision, in addition to or to replace the PPT, through bilateral negotiations.

The first component of the UK’s HMRC Making Tax Digital (MTD) project, VAT compliance, goes live on April 1 2019. Corporation tax and income tax will follow in 2020 or later, writes Richard Asquith, vice president of global indirect tax at Avalara.

An amendment to Bulgaria's VAT Act has been adopted concerning the provision of supplies in stages. If an agreement for a supplier to deliver in stages specifies so, then each completed stage will be considered a separate supply. This amendment applies to the supply of services as well as to goods.

Employers in Switzerland are required to provide details on employee equity incentive holdings in a statement included with the annual Swiss salary certificate.

“I’ll get the cheque but you get the VAT, alright?” In what could prove to be the straw that broke the VAT adviser's back, the UK's Upper Tribunal (Tax and Chancery Chamber) has ruled that banana and strawberry milkshake powder are subject to 20% VAT – but not chocolate milkshake powder.

Multinational companies operating in South Africa are grappling with the practical challenges of the BEPS transfer pricing-related filing requirements.

Despite global M&A volume exceeding $3 trillion for the fourth consecutive year, there can be no doubt that uncertainty has affected the transactional market during the past year, and will continue to do so in 2018, but this isn’t to say that all of its effects will be negative.

February 2018 has seen many important Australian tax developments. These affect investment funds, investors, multinationals and their investments into and out of Australia.