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Leibowitz joins Andersen Tax

Jay Leibowitz has joined Andersen Tax as managing director of the firm’s Orange County office in California.

Amelia Schwanke, October 23 2015

UN to pick up where OECD stopped with BEPS

Tension between OECD and UN tax policies became apparent once again this week at the UN committee for tax experts in Geneva this week.

Joelle Jefferis, October 22 2015

European Court of Justice exempts bitcoin trading from VAT

The European Court of Justice (ECJ) has ruled that bitcoin trading services should be exempted from VAT entirely, effectively classifying the cryptocurrency as money.

Joe Stanley-Smith, October 22 2015

EC orders Luxembourg and Netherlands to claw back €30 million in selective tax advantages given to Starbucks and Fiat

Starbucks and Fiat Chrysler face repayments of up to €30 million ($34 million) to Luxembourg and the Netherlands after the European Commission (EC) ruled that both companies were recipients of state aid.

Joe Stanley-Smith, October 21 2015

Luxembourg Budget brings changes to corporate income tax rules

On October 14, the Luxembourg Government presented its 2016 Budget, containing certain tax measures to be introduced in 2015 and 2016. A progressive reduction of the Luxembourg corporate income tax rate has also been announced for 2017 but no further details have been provided.

October 21 2015

Ireland reveals Budget and international tax strategy

Ireland’s budget statement for 2016 (Budget) was delivered by the Minister for Finance last week.

Sophie Ashley, October 21 2015

India to focus on risk parameters not transaction size in audit selection

The Indian Central Board of Direct Taxes (CBDT) has changed the selection criteria for auditing transfer prices, with a focus on risk parameters, rather than automatically selecting transactions over a certain value.

Sophie Ashley, October 21 2015

EC orders Starbucks and Fiat to pay back up to €30 million each

The European Commission (EC) has ruled that Starbucks and Fiat have acted illegally in their tax agreements with Netherlands and Luxembourg and will need to pay back to the respective governments between €20 million ($23 million) and €30 million each.

Sophie Ashley, October 21 2015

OECD’s Jacques Sasseville on the problems with permanent establishment post-BEPS

The final BEPS release on October 6 meant the conclusion of the two-year project on changing guidelines for international taxation. Despite this, it was confirmed that some topics will remain open to further discussion including permanent establishment (PE), which has proved difficult to redefine.

Sophie Ashley, October 19 2015

Ireland patent box rate announced at half its corporate tax rate

The Irish finance minister, Michael Noonan, has announced that Ireland’s Knowledge Development Box (KDB) tax rate will be 6.25%. This is the first jurisdiction to announce the tax rate on a patent box system since the final BEPS release.

October 14 2015

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