Poland is limiting creative tax planning further in its overhauled corporate tax reform bill, which includes new rules for thin capitalisation and controlled foreign companies.
A Supreme Court decision in India has further reasserted the principles held in Formula One’s transfer pricing dispute regarding permanent establishments. Although the decision could help influence similar cases, practitioners advise companies not to rely on the recent ruling alone.
The discussion around the Paradise Papers has not yet abated as UK politicians on Tuesday sharpened their rhetoric against advisers who cook up tax avoidance schemes.
Despite South Africa’s weak economy, the mid-term budget did not introduce any tax hikes to solve the problem. But transfer pricing may be the government’s salvage as the tax authority has begun looking for taxable income from foreign service providers with potential permanent establishments (PE) in South Africa.
Argentine President Mauricio Macri has made promises to introduce sweeping reforms after strong results in Argentina’s midterm election, but issues including an automatic exchange of information agreement need to be resolved to improve the ease of doing business.
