The tax agenda in recent weeks has been dominated by measures aimed at alleviating the economic and social impact of the Covid-19 pandemic, but other tax announcements are still being made. There has been further progress on the implementation of BEPS changes: the UK/Switzerland double tax treaty has been updated; the OECD has reported on progress made by members regarding action 6; and Luxembourg has increased its anti-avoidance measures by preventing deductibility of certain payments to tax havens. There has been further guidance on the UK’s digital services tax and the French and Turkish counterparts. Hong Kong has issued temporary interim guidance on the taxation of the digital economy, and India has announced an amendment to their equalisation levy.
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The tax agenda in recent weeks has been dominated by measures aimed at alleviating the economic and social impact of the Covid-19 pandemic, but other tax announcements are still being made. There has been further progress on the implementation of BEPS changes: the UK/Switzerland double tax treaty has been updated; the OECD has reported on progress made by members regarding action 6; and Luxembourg has increased its anti-avoidance measures by preventing deductibility of certain payments to tax havens. There has been further guidance on the UK’s digital services tax and the French and Turkish counterparts. Hong Kong has issued temporary interim guidance on the taxation of the digital economy, and India has announced an amendment to their equalisation levy.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")