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Deals of the month

See who has done the tax work on this month’s biggest deals

February 01 2016

The Cunningham column: Asian Budgets to focus on national over international tax

The Budget season is about to start in Asia. Ralph Cunningham believes finance ministers are likely to prioritise local or regional concerns rather than get involved in any deep discussions about base erosion and profit shifting.

Ralph Cunningham, February 01 2016

Belgian excess profits tax scheme illegal, says Vestager

European Competition Commissioner Margrethe Vestager will announce that the Belgian 'excess profits' tax scheme is illegal in a press conference on Monday, January 13.

Joe Stanley-Smith, February 01 2016

Australia-Germany ink post-BEPS double tax agreement

On November 13 2015 the Australian and German finance ministers, Mathias Cormann and Wolfgang Schauble, signed a new double tax agreement in Berlin. The agreement represents the first post-BEPS treaty agreed between two major economies.

Amelia Schwanke, February 01 2016

New Canadian payroll withholding tax exemption

Carrie Aiken and Dan Jankovic of Blake, Cassels & Graydon unpick the new Canadian payroll withholding tax exemption, analysing how qualifying taxpayers can benefit and providing tips for continued compliance.

February 01 2016

2016 brings tax changes for foreign pension funds in Mexico

Mexico is one of the few countries with a special exemption regime for foreign pension funds investing in the country. This exemption was incorporated into the tax system as a general withholding exemption for such funds when obtaining any type of Mexican source income through a presidential decree published on March 25 1992, and then into the Income Tax Law in July of that year. Raul Morales Medrano of Chevez, Ruiz, Zamarripa y Cía, outlines the latest changes impacting pension funds in Mexico.

February 01 2016

Argentina: Argentina: Exchange control and foreign trade news

Andrés Edelstein Ignacio Rodríguez On December 17 2015 the Argentine Central Bank (BCRA) issued Communication A 5850 by which important amendments where introduced to the Exchange Currency Market (MULC) regulations related to the payment of imports of goods and services as well as to the requirements for the formation of foreign assets by Argentine residents, and to the regulations related to financial debts with non-residents.

February 01 2016

Australia: ‘Significant global entities’ in Australia contending with new anti-avoidance laws

Melissa Lim As a result of and consistent with increased international cooperation via G20/OECD actions in 2015, Australia's 2016 tax landscape will be dominated by a focus on combating perceived or actual multinational tax avoidance. The biggest impact will be on 'significant global entities', that is, those with an annual global income of A$1 billion or more.

February 01 2016

Cyprus: Is your company eligible for a Cyprus tax residency certificate?

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.

February 01 2016

Luxembourg: Luxembourg tax amnesty – an unmissable opportunity

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.

February 01 2016

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