The European Commission has launched an investigation into the new corporate tax regime in Gibraltar, after a June 2012 complaint from Spain that the regime contravenes state aid rules.
Joe Hockey, Australian Treasurer, told the American Australian Association last week in New York that Australia is open for business and open for investment as he announced a “new era” of tax reform.
The UK government has announced three changes to the Code of Practice on Taxation for Banks, including a move to publicly name those banks or financial institutions that breach the code.
The UK has signed agreements to automatically share tax information with the Isle of Man and South Africa as it builds on initiatives aimed at greater cooperation on tax issues.
The Securities and Exchange Commission (SEC) has closed its review of Apple’s finances, concluding that the company has done nothing wrong regarding its overseas cash management and related tax issues.
