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While there has been a concentration by President-elect Donald Trump on warnings of increased import tariffs on Mexican exports to the United States, his spokesman Sean Spicer has indicated that exports from Canada could also be subject to the same tax response. Read Full Story
India has signed a bilateral advance pricing agreement with the Indian subsidiary of a Japanese company, India's Central Board of Direct Taxes has announced. Read Full Story
In press interviews, Mexico's Economy Minister, Ildefonso Guajardo, has said that while US president-elect Donald Trump's threatened import tariffs are a global problem, Mexico will have to be prepared to retaliate immediately with its own measures. Read Full Story
Hong Kong and Belarus have agreed to lower withholding tax rates on cross-border income under a new comprehensive double tax agreement. Read Full Story
The Australian Taxation Office has issued guidance on the application of a goods and services tax reverse charge for the precious metals industry. Read Full Story
European Council President Donald Tusk has said that the EU hopes to launch free trade negotiations with New Zealand this year. Read Full Story
The European Union has introduced a new system of certification of origin of goods that will be applied under its Generalised System of Preference tariff reduction scheme. Read Full Story
On January 6, the US International Trade Commission decided that there is a reasonable indication that the US domestic industry is being materially injured by imports of softwood lumber products from Canada that are allegedly subsidized and sold in the United States at less than fair value. Read Full Story
A third round of tariff reductions under the Australia-China free trade agreement went into effect on January 1, 2017. Read Full Story
A further three countries have committed to participate in international base erosion and profit shifting discussions and implement minimum standards, under the OECD's new "inclusive framework" for countries. Read Full Story
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