• World Wide Tax News - 43rd Edition

World Wide Tax News - 43rd Edition

20 February 2017

With the international tax landscape constantly evolving, our global newsletter “World Wide Tax News” summarises recent tax developments across the world.

In this first issue of World Wide Tax News in 2017, we cover a range of recent tax developments, including:

  • International: More than 100 countries have adopted the BEPS multilateral instrument
  • Australia: Proposed Diverted Profits Tax to impose penalty of 40% on large multinational entities that are deemed to have artificially diverted profits from Australia
  • France: Reduction in corporate income tax rate
  • Hong Kong: Tax authority’s view and assessing practice on the new corporate treasury centre tax regime
  • Luxembourg: New rules in determining beneficial owner of interest payments on intra-group loans
  • United Kingdom: Proposed relaxation of group tax-free reorganisation rules and new regime for carry forward of tax losses

If you have any questions or would like additional information on the topics covered in this newsletter, please contact our Tax partners.