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Loreto Pelegrí Bernardita Parodi On October 26 2016, Law No. 20,956 was published in the Official Gazette. The purpose of this law is to encourage Chilean productivity. As such, it introduced a series of measures aiming to achieve this target.

Eddie Ahn In a major Australian transfer pricing decision on April 21 2017, the Full Federal Court dismissed Chevron Australia Holdings Pty Ltd's appeal related to the deductibility of interest on the Australian dollar equivalent of $2.45 billion loans from its US subsidiary, Chevron Texaco Funding Corporation.

Patrick Schrievers Mark de Vaan Since the introduction of BEPS Action 13, a lot of countries have implemented, or are implementing, new transfer pricing documentation obligations for multinational groups in their domestic law. Such obligations have also entered Dutch law and have effect from financial years beginning on or after January 1 2016. Dutch law, decrees and policy, covering country-by-country reporting (CbCR) and master and local filing, are in line with what was agreed by the OECD and G20. Based on these obligations, multinational companies with a consolidated group turnover of €750 million ($857 million) or more must file an annual CbC report. In addition, Dutch taxpayers that are part of a multinational group with a consolidated turnover of at least €50 million in the preceding year should prepare an OECD-style master and local file for transfer pricing and branch allocation documentation purposes.

When Indian Prime Minister Narendra Modi announced the launch of the country's goods and services tax to much fanfare at a glittering ceremony, he probably wasn't expecting international attention outside of the tax world.

It's been more than three years since I last had the privilege of writing the editorial in this fine magazine. But after something of a hiatus editing a current affairs magazine, covering such cheery topics as international terror, climate change, North Korean nukes and Donald Trump, I have returned to the world of tax. And what a time it is to be back.

In line with recent international trends fostered also by the OECD, Italian tax authorities have been increasing efforts and tools to start a new phase of cooperation with taxpayers and business operators.

Much like the Maruti Suzuki or iconic Hindustan Ambassador cars that changed the nature of India’s roads, the new GST system holds the potential to evolve Indian taxation forever with its intelligent structure and technological advances that are intended to bolster compliance and curb corruption. Anjana Haines examines the country’s biggest tax reform since Indian independence.

David Forst and Adam Halpern of Fenwick & West look at the legacy left by the Obama administration’s regulations.

On June 7 2017, more than 70 governments participated in the signing ceremony of the OECD’s Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Andrew Quinn, David Burke, Peter Stapleton and William Fogarty of Maples and Calder discuss how the convention will affect alternative investment funds.

Burçin Gözlüklü Ramazan Biçer The Turkish National Assembly has recently passed a law ratifying the Convention on Mutual Administrative Assistance in Tax Matters. The OECD has also issued a notification that Turkey is the 88th country to sign the Multilateral Competent Authority Agreement on Automatic Exchange of Information.