Some of Australia’s biggest nursing homes have come under fire in a new report for allegedly shifting profits offshore. The Australian Treasury is strengthening thin capitalisation laws to tackle tax avoidance through stapled structures, a common profit-shifting tactic.
The European Commission’s digital tax proposals, aimed at making digital companies pay more tax, are rapidly losing support from key jurisdictions such as Germany. The controversial digital sales tax is now looking increasingly unlikely.
The LuxLeaks whistleblowers have welcomed a new EU proposal for protection for people who report tax evasion and tax avoidance. They told TP Week its scope should be widened as much as possible.
Polish advisers expect to see a huge wave of simplified advance pricing agreement (APA) requests in the coming months. Changes to the Corporate Income Tax Act prohibit tax deductibility of certain costs acquired from related entities, but this does not apply if taxpayers obtain APAs.
Companies are disheartened to learn that they could face yet more anti-avoidance legislation if the EU enacts a proposal for a company law which would prevent cross-border conversions for the purpose of avoiding tax through artificial structures.
