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Christiana Nicolaou As the need for tax efficient structures has been magnified with the recent global economic downturn and the increased scrutiny from tax authorities worldwide, companies need to carefully select the jurisdiction they use for implementing such structures, while also being very careful about substance, so as to be able to mitigate any risks and taxes.

Pierre Jean Estagerie Xavier Martinez Aldariz Does Luxembourg need tax amnesty? As with any country that applies a certain level of tax pressure on capital and work income, there are several reasons why taxpayers might omit the declaration of part of their income.

Rafael Calvo Juan Salvador Pastoriza On December 17, the European General Court (EGC – a constituent court of the ECJ) handed down a judgment on joined cases T-515/13, Spain / Commission, and T-719/13, Lico Leasing, SA and Pequeños y Medianos Astilleros Sociedad de Reconversión, SA / Commission. That judgment overturned the Commission's decision on a proceeding finding that the Spanish tax lease system (STLS) constituted illegal state aid, because the EGC considered that the measures composing that system do not constitute a selective advantage.

Switzerland has strict e-invoicing rules. However, thanks to the principle of free consideration of evidence (contained in article 81 (3) of the Swiss VAT Law), the strict e-invoicing rules which require that all VAT relevant e-invoices are digitally signed by one of the four Swiss-admitted digital signature providers can be met with other methods of comparable quality.

Nadiya Omelchuk On November 30 2015, the Ministry of Finance published a draft Law which includes proposed amendments to the country's tax code. The draft Law was also submitted to the Parliament.

Igor Vujasinovic On October 22 2015, the National Assembly of the Republic of Srpska adopted amendments to the Law on Property Tax. The Law entered into force on January 1 2016.

Peter Nias, international tax specialist barrister at Pump Court Tax Chambers in London, analyses trends in international tax dispute resolution, looking at alternative dispute resolution methods and whether the OECD’s recent work in this area represents a missed opportunity.

Victor Adegite of KPMG looks at how the Nigerian Federal Inland Revenue Service has incorporated BEPS Project action points into its transfer pricing audit processes.

The UK draft Finance Bill 2016 was published on December 9 2015. Sandy Bhogal, head of tax at Mayer Brown in London, focuses on two topics of particular interest – new rules on taxation of performance-linked rewards for investment managers and new anti-hybrid rules arising out of the OECD’s BEPS Project.

Sofia Stavridi, a Queen Mary University of London graduate now working in investment management tax services at a Big 4 firm in the UK, looks at the key BEPS actions impacting the asset management industry.