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Squire Patton Boggs has appointed Jeremy Cape as a partner in the tax strategy and benefits practice group in its London office.

On December 27 2016, the Luxembourg Tax Authorities (LTA) published a circular, L.I.R. no 56/1 – 56bis/1 (Circular) designed to position the seminal principles of the OCED TP Guidelines (i.e. the arm’s-length principle, comparability and substance over form) as the framework of reference when establishing the capital structures and the remunerations of financing vehicles in Luxembourg. With an effective date of January 1 2017, the Circular has left virtually no time for taxpayers to adjust to this new paradigm while many questions regarding the scope, implementation and implications remain unanswered.

John Perry has joined Walkers’ Ireland office from Grant Thornton as a consultant in the tax group.

India’s Finance Minister Arun Jaitley has promised to clean up India’s economy in an effort to boost revenue through better compliance measures rather than tax hikes in his 2017-18 budget.

Companies have long been lobbying for lower corporate tax rates. But the consequences of going too far might not be in their interests in the long-term.

India’s finance minister, Arun Jaitley, introduced two new measures in the 2017 budget, secondary adjustments and thin capitalisation rules, but taxpayers have been left nonplussed.

Bahrain’s Minister of Finance Shaikh Ahmed bin Mohamed Al Khalifa has signed the Gulf Cooperation Council’s (GCC’s) agreement on unified VAT and selective taxation, paving the way for VAT to be introduced across the six member nations from 2018.

Saudi Arabia has become the third Gulf Cooperation Council (GCC) country to approve the region’s proposed 5% VAT as the region moves ahead with the biggest tax change in recent years.

Companies could continue to face a double tax charge after an Opinion from a European Court of Justice (ECJ) advocate general said that the UK and Gibraltar should be treated as a single entity for tax purposes in the high-profile Gibraltar Betting and Gaming Commission case.

Action 14 of the OECD’s BEPS Project aims to make dispute resolution mechanisms more effective. The Organisation is inviting taxpayers from seven more countries to discuss issues related to the mutual agreement procedure (MAP).