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Footballers left embarrassed. English football has had a bumpy ride during the past few months. After the humiliating 2-1 defeat to Iceland in the European Championship and the subsequent resignation of England manager Roy Hodgson, his successor Sam Allardyce lasted just one game before being forced to quit following a sting by the Daily Telegraph newspaper.

October 26 2016

Norway: Corporate tax cut and new financial activities tax announced in Norway’s 2017 state budget

Two measures that may be of special relevance for corporate foreign investors were announced in Norway's state budget proposals for fiscal year 2017.

October 26 2016

Ireland updates its international tax strategy

Ireland's annual budget statement was announced by the Minister of Finance on October 11 2016. The minister confirmed Ireland's commitment to the 12.5% corporation tax rate (a statement which has become a staple in recent budgets) and also confirmed that "nobody is asking for it to be changed".

October 26 2016

Indonesia: Google in Indonesia

The Indonesian tax authority has spent the past few months conducting an investigation into Google's tax affairs through the company's office in Indonesia. However, Google's parent company, Alphabet, is arguing that Google does not have a permanent establishment (PE) in Indonesia and is not required to establish a PE under the applicable laws and regulations.

October 26 2016

Germany: CJEU asked to rule on German anti-treaty shopping rule

The Tax Court of Cologne (Case ref. 2 K 2995/12) has referred the German anti-treaty shopping rule to the Court of Justice of the European Union (CJEU) to determine whether it complies with the fundamental freedoms of the EU and the Parent-Subsidiary Directive.

October 26 2016

China: China’s recent measures to comply with BEPS, CRS and the New Silk Road

Recent months have seen a range of significant new pieces of Chinese tax guidance issued by the State Administration of Taxation (SAT) as well as new international agreements entered into by China. Collectively, these are indicative of some of the key policy trends in Chinese taxation.

October 26 2016

Cyprus: Cyprus and Latvia sign DTA

The details of the first agreement for the avoidance of double taxation (DTA) between Cyprus and Latvia became available in August 2016, providing information on the various applicable tax rates.

October 26 2016

Romania: Romanian individual tax residency position

The enactment of the Romanian Fiscal Code in January 2016 brought significant changes to an individual's tax residency position. For the first ever time, the Romanian legal framework provides for a 'split year' residency.

October 26 2016

US regulations crack down on earnings stripping

The US Treasury and Internal Revenue Service have finalised earnings stripping regulations that reduce the benefit of corporate inversions and limit the ability of companies to lower tax bills through transactions involving debt that does not support new US investment. The regulations also require large companies claiming interest deductions to document loans to and from affiliates.

Anjana Haines, October 26 2016

Greece: Uncertain application of Greece’s network of double tax treaties

The history of Greek tax laws, as well as precedents established by tax disputes, have impacted the country's underlying financial crisis. Adding to the issues, the tax administration has once again begun imposing a special solidarity tax (mentioned in the relevant special tax law as a "contribution") on the foreign income of Greek tax resident individuals (initially, via Law 3986/2011). Under perhaps different names, the same may also be true for other countries, such as Cyprus.

Konstantinos Mavraganis, October 26 2016

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