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The German tax authorities have overcome a major obstacle on their path to digitisation thanks to the successful launch of their taxonomy project for electronic standardisation of all German book/tax differences. This realignment also represents huge opportunities for companies.

Hong Kong's implementation of the BEPS initiatives has been gaining momentum.

Businesses with operations in India have been dealt a blow as the long-drawn-out dispute over entry taxes ends Businesses operating across India have been dealt a blow after the Supreme Court ruled that entry taxes imposed by state governments on cross-border goods from other states are constitutional.

Four foreign companies will have to pay back millions in avoided taxes after losing a dispute over their tax residency statuses in the Australian High Court.

Many interested parties are voicing their opinions on the evolving international tax policies that have emerged since the OECD’s BEPS Project was launched, but the voice of corporations is missing from the discussions. Keith Brockman highlights the need for reasoned opinions that go beyond casual conversations.

Rodrigo Winter Bernardita Parodi On October 26 2016, the Productivity Law (Law N° 20,956) was published in the Official Gazette to promote Chile's productivity by establishing a series of measures intended to achieve this goal.

During the Iranian Minister of Economic Affairs and Finance Ali Tayyebnia's visit to Washington on October 8 2016, the US Treasury Department announced that it now permits financial transactions in US dollars between Iran and non-US financial institutions.

Sandra Benedetto Martin Cruzat As a member of the OECD, Chile signed the Convention on Mutual Administrative Assistance in Tax Matters (the Convention) in October 2013, which was approved by the Chilean Congress in November 2015 and promulgated in November 2016. Along with the Convention's promulgation, the government will soon release local legislation on the automatic exchange of financial accounts information (the Regulation). This Regulation will likely follow the OECD's model on the common reporting standard (CRS) and due diligence for financial account information.

MNEs are encouraged to submit feedback on the DPT draft legislation to ensure the ironing out of a number of loose terms and explanations Businesses are concerned that the Australian government's long-awaited diverted profits tax (DPT) draft legislation has been rushed to ensure it is effective from July 1 2017 and say it fails to answer many questions on its application.

Tax transparency is a cornerstone of the global tax agenda and it is now at a critical moment as the universal policy consensus moves to global implementation. Achim Pross, Philip Kerfs, Paul Hondius of the OECD and Radhanath Housden of the Global Forum take stock of the progress made so far on offshore tax evasion, country-by-country reporting (CbCR) and the exchange of information on tax rulings and provide insights into the steps ahead.