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UK lawmakers have called on the Government to delay the implementation of its Making Tax Digital project, saying the initiative "could be a disaster" if rushed. Read Full Story
According to an opinion of Advocate General Campos Sánchez-Bordona delivered on January 12 to the Court of Justice of the European Union, Italy should not be precluded from taking both criminal and administrative action following a taxpayer's failure to pay value-added tax. Read Full Story
The Irish tax agency has recently released guidance notes on changes to value-added tax law in the Finance Act 2016. 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
The European Court of Human Rights has endorsed the decision of French authorities to compel UBS to put up a EUR1.1bn (USD1.16bn) security in its case against the bank concerning alleged tax fraud. Read Full Story
Legislation has been introduced in Congress to stop the unlimited US corporate tax deductions allowed for performance-based executive pay. Read Full Story
Hong Kong's Financial Services and the Treasury Bureau has launched public consultations on legislative proposals to increase the transparency of corporate beneficial ownership in the city, and to enhance its regulatory regime for combating money laundering and terrorist financing. Read Full Story
On January 11, the US International Trade Commission began accepting comments on petitions it has received seeking import duty suspensions and reductions in accordance with the new Miscellaneous Tariff Bill process. Read Full Story
On January 12, 2017, the Inland Revenue Authority of Singapore issued updates to its e-Tax Guide on the country's transfer pricing rules. Read Full Story
India's Central Board of Direct Taxes has constituted an expert committee to examine the final base erosion and profit shifting recommendations and to devise a roadmap for implementing the recommendations. Read Full Story
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