World Wide Tax News - Issue 46

01 February 2018

Original content provided by BDO Mexico

This newsletter summarises recent tax developments of international interest across the world. In this issue:UNITED STATES: Corporate tax reform - Summary of new laws taking effectINTERNATIONAL: Base erosion and profit shifting - Developing economies AUSTRALIA: New guidance for multinationals on providing general purpose financial accountsSINGAPORE: Re-domiciliation of companiesTHAILAND: Thailand joins the inclusive framework on BEPSDENMARK: Proposed tax initiatives by the Danish governmentFRANCE: New corporate tax contributions introduced after 3% contribution on dividends declared fully unconstitutionalHUNGARY: Tax changes for 2018IRELAND: Budget 2018 and Ireland’s international tax strategyITALY: New ruling for MNE groups with potential hidden permanent establishments in ItalyLATVIA: Loans issued to related parties will be taxable transactionsTHE NETHERLANDS: Tax changes proposed by coalition agreement 2017-2021 / Dividend withholding tax – Changes for holding cooperatives, and expansion of Dutch dividend withholding tax exemption / Per-element approach of Dutch fiscal unity – CJEU ruling could result in retroactive legislationNORWAY: Developments on limitation of interest deductions / New rules on dividends from Norwegian companiesSWITZERLAND: Wide-ranging impacts from adapting latest international legislation on tax evasionUNITED KINGDOM: Autumn budget and finance bill 2017-18ARGENTINA: Update on fiscal and accounting asset revaluation projectZIMBABWE: Permanent establishment concept introduced in Zimbabwe