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Many of us denizens of major Western metropolitan centres have been there at some point. A few light ales turn into a few more and before you know it you're standing in the queue for a kebab with the dawning realisation that the last train leaves in two minutes and you're never going to make it. You don't fancy the prospect of three buses so out comes the phone and you hit up the Uber app.

Mark

Austrian Federal Minister of Finance Hans Jörg Schelling has not held back on his views of how to tax multinational corporations so they pay their fair share. He talks to Anjana Haines about what he has planned over the coming year.

Brazil has been busy with issuing new tax guidance, committing to tax objectives with partner nations and preparing a comprehensive tax reform bill.

Lewis

Companies need to weigh up the potential risks and benefits of the tax reform before the changes are introduced Vietnam plans to hike its VAT rate for the first time since the tax was introduced, bring in thin capitalisation rules and introduce a sugar tax. The changes will require a number of actions by businesses and some may suffer long-term consequences as a result.

Finance Minister Magdalena Andersson

Jock McCormack The Australian government released exposure draft legislation on Friday 25 August on the proposed new corporate collective investment vehicle (CCIV) regime and the associated Asia region funds passport for consultation and public comment up to September 21 2017.

Bob van der Made On July 4 2017, the European Parliament adopted by 534 votes to 98, with 62 abstentions, a draft legislative resolution on the European Commission's proposal for a directive of the European Parliament and of the Council amending Directive 2013/34/EU as regards to the disclosure of income tax information by certain undertakings and branches/public country-by-country reporting (public CbCR). It also voted in favour of taking this to the next level in the EU's decision-making process.

Alexander Linn Earlier this year (see July update), Germany's Federal Constitutional Court held that the German change-in-ownership rules relating to loss carry-forwards partially infringe the German Constitution, and must be amended with retroactive effect. The judgment, however, only dealt with transfers of more than 25% and up to 50% of the shares in a company that has loss carry-forwards. According to the rules, such transfers result in a pro rata forfeiture of the tax loss and interest carry forwards, while a transfer of more than 50% of the shares results in a complete forfeiture of all available carry-forwards.