• Increase in the Venezuelan tax unit’s value

    Presidential Decree N° 3,393, which authorizes the National Tax Administration (SENIAT) to adjust the value of the tax unit (TU) was published in the Official Gazette No 41,387 dated April 30, 2018, which also contains Administrative Ruling N° SNAT/2018/0028 through which the SENIAT adjusted the value of the tax unit from 500.00 Bs. (bolivars) to 850.00 Bs.

    May 14, 2018

  • Luxembourg introduces new Circular regarding non-cooperative territories

    Luxembourg tax authorities have issued today a circular including disclosure measures that aim protecting the taxable basis of Luxembourg companies that enter into transactions with related parties that are resident in a territory listed by the EU Council as non-cooperative.

    May 08, 2018

  • New remedial action guidance for tax-advantaged bonds

    The IRS provides additional guidance on the type of remedial action that issuers may take to preserve the tax-advantaged status when there is an occurrence of “nonqualified uses” of bond proceeds.

    May 03, 2018

  • 2018/2019 Victoria State Budget

    For perhaps the first time in a while a Victorian government finds itself in a comfortable financial position, having to make some compromises, but overall being able to deliver a package that well suits the Government’s policy platform and the needs of the State.

    May 01, 2018

  • Governments are competing for global HQs tax

    The recent decision by Unilever to relocate its new unified headquarters to the Netherlands has indicated how far governments are going to attract multinationals to their country.

    April 27, 2018

  • Tax proposals target tax planning strategies that use private corporations

    In its Budget 2017, the federal government signaled its intention to address certain tax planning strategies involving the use of private corporations.

    April 05, 2018

  • Significant changes to the taxation of stapled structures for infrastructure investment

    The Australian Government has released details of an “integrity package” containing measures that seek to address the tax efficient use of stapled structures by foreign investors. The proposed changes, if implemented, will make foreign investment into Australian real-estate and infrastructure projects (such as renewables) less attractive.

    March 29, 2018

  • 2018-2019 Quebec budget highlights

    In this election year, Quebec’s Finance Minister, Carlos J. Leitão, tabled on March 27 the province’s 2018-2019 budget.

    March 28, 2018

  • UK 2018 Spring Statement – allowing Entrepreneur’s Relief on gains made prior to a dilution

    The Government is consulting on its proposal to introduce legislation in the Finance Bill 2018/2019 to allow individuals to claim Entrepreneur’s Relief (ER).

    March 14, 2018

  • Venezuela – Adjustment of the Tax Unit Value

    Administrative Ruling N° SNAT/2018/0017 (the Ruling) was published in the Official Gazette of the Bolivarian Republic of Venezuela N° 41,351 dated March 1, 2018, through which the National Tax Authorities (SENIAT) adjusted the value of the tax unit (TU) from 300.00 Bs. (Bolivars) to 500.00 Bs.

    March 13, 2018