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Yeon Ho

Dorina Ndreka Property taxes in Albania are regulated by the law on the local tax system and consist of the building tax and the agricultural land tax. Subject to the property tax are all physical and legal persons, locals or foreigners, who own an immovable property (either agricultural land or a building). Taxpayers are determined based on legal documents that prove the ownership of the property.

Alvaro Pereira Ruben Gottberg In November 2011, the Brazilian Government signed the Convention on Mutual Administrative Assistance in Tax Matters (CMAAT), which establishes rules for sharing tax information between the G20 countries. In general terms, the CMAAT provides for all possible forms of administrative cooperation between the parties in the assessment and collection of taxes, in particular with a view to combating tax avoidance and evasion, while considering high standards of confidentiality and protection of personal data. The CMAAT was approved by Brazil's Senate on April 14 2016. It should enter into force three months after the deposit of the ratification instrument.

Jim Fuller David Forst The IRS released far-reaching proposed regulations on determining whether an interest in a corporation is debt or equity. The earnings stripping rules (Code section 163(j)), with which inbound taxpayers are certainly familiar, are not affected by the proposed regulations. Rather the proposed regulations provide a separate set of rules which taxpayers must consider.

Raoul Stocker Yan Hurdowar On March 22 2016, the OECD published its standardised electronic format for the exchange of country-by-country (CbC) reports between Competent Authorities.

Aleksandra Rafailovic On February 24 2016, Serbia expanded its double tax treaty network by ratifying the Agreement for the avoidance of double taxation with respect to taxes on income, signed with the Republic of Korea on January 22 2016.

Despite the progress of Bernie Sanders and other candidates, the US media frenzy around two central figures – Clinton vs Trump – and the release of a blockbuster movie featuring two comic superheroes facing off against each other, means comparisons can be forced: on the one side, a superhero candidate who is a plutocrat by day, his success subtly reinforced by a grand Tower bearing his name, out to protect the best interests of the city and not afraid to risk collateral damage; on the other, the potentially more palatable global face of America whose very name conjures the accompanying title 'president' but who, like her name, also has a kryptonite factor in the form of a possible indictment hanging over her.

Aidan Fahy Greg Lockhart On March 21 2016, a new tax appeals system was implemented in Ireland.

Because tax doesn’t have to be taxing. A less-than-serious look back at some of the quirkier tax stories from the past month.

Natalia