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Raoul Stocker Jacques Kistler The Swiss Federal Department of Finance (SFDF) said on April 10 2017 that the designated Steering Committee of the Swiss Federation and the cantons has successfully concluded the first round of hearings with representatives of the Swiss business community, political parties, and the cities and municipalities, in regard to the so-called Tax Reform Proposal 17, which is replacing Corporate Tax Reform III that was rejected by the Swiss electorate in its proposed form.

Mark Galea Salomone Donald Vella The guidelines issued in relation to the implementation of EU Council Directive 2014/107/EU of December 9 2014 amending Directive 2011/16/EU as regards to mandatory automatic exchange of information in the field of taxation (DAC2) in Malta and the common reporting standard (CRS) were amended on April 7 2017. Specifically with respect to trusts, the Commissioner for Revenue has introduced clarifications to the guidelines, which the Inland Revenue Department (IRD) has deemed necessary for the purposes of a more correct application of the regulations.

Sandra Benedetto B Jonatan Israel N Since the end of 2016, Chile's already wide network of agreements for the avoidance of double taxation (DTAs) adds a couple of new treaties. These include Japan, Czech Republic and Italy, which are effective from January 1 2017. In addition, from November 2016, the Chile-Argentina DTA was also enacted.

Maria Nicolaou Zoe Kokoni Cyprus, one of the sunniest and safest locations in Europe, is an ideal location for both EU and non-EU nationals looking for a high quality standard of living. The recently introduced simplified procedures for issuing permanent residency and citizenship certificates in Cyprus have made this relocation much easier and have increased foreign investments into the island.

Germany's Federal Constitutional Court has ruled that the German change-in-ownership rules relating to loss carryforwards partially infringe the constitution, and must be amended with retroactive effect.

India has provisionally notified its treaties with 93 countries (virtually all of its comprehensive tax treaties) as covered tax agreements for the purposes of the MLI.

Ireland’s recent trend of swiftly implementing BEPS measures has been continued with the signing of the multilateral instrument (MLI) on June 7 2017.

In the past few years the tax authorities have been constantly issuing new tax rules to allow for tax free restructurings or tax deferrals on the transfer of shares or assets. It is crucial that foreign investors stay alert of the changes.

The European Parliament in Strasbourg on July 4 voted with a large majority in favour of the directive tagged as public country-by-country reporting.

Andersen Tax has launched in Africa as WTS Adebiyi & Associates, a tax firm based in Nigeria, adopts the Andersen name.