International briefing for February 2017

Following a few busy months on the international tax front we are not seeing any let up in the pace of change. Increasingly people are focusing on potential US tax reform as this seems likely to be the next big thing in international tax but for now we discuss this month’s developments. On the topic of Brexit the government has now published its white paper which as expected contained little new substantial detail and followed the prime minister’s Lancaster House speech in which she set out 12 principles for Brexit. The white paper adds mainly background information to the public debate rather than revealing how different principles and business sectors will be weighted during negotiations.

BEPS/OECD update

At the beginning of this month the OECD released further documentation to...