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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
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
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 Australian Treasury is consulting on plans to increase administrative penalties for multinationals that fail to adhere to tax disclosure obligations. 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
Snap, the US parent company of messaging app Snapchat, has chosen to establish its non-US base in London, in an endorsement of the UK's tax environment, despite the UK's decision to leave the European Union. Read Full Story
Google has agreed to pay up to EUR280m to settle corporate income tax said to be due to the Italian Revenue Agency, according to Italian media reports. 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
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
Hong Kong's Financial Services Development Council has issued a paper setting out key recommendations for the Government to consider in the area of international tax law. Read Full Story
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