Germany publishes CbCR implementation draft, prescribes lower threshold for submitting Master File

Germany publishes draft bill for implementation of country-by-country reporting (“CbCR) and other measures against base erosion and profit shifting; CbCR obligations applicable for MNCs having annual consolidated group revenue exceeding €750m

Jun 16, 2016

China evaluates additional disclosures on intra-group services along with CbC-reporting

China evaluates additional disclosures in respect of intra-group services along with CbC reporting under its consultation draft circular “Implementation Measures for Special Tax Adjustments” released last year; Consultation draft proposes

Jun 07, 2016

UK HMRC initiates consultations on introducing secondary adjustments into domestic TP-legislation

UK’s HMRC begins consultation on introduction of secondary adjustments into UK’s domestic transfer pricing legislation; Secondary adjustments  represent an internationally recognized method to realign the economic benefit of a transaction with

May 30, 2016

India & 5 other countries sign Multilateral Agreement to facilitate CBCR automatic-exchange

6 new countries including India sign agreement enabling automatic sharing of country-by-country (CbC) reporting as part of continuing efforts to boost transparency by MNEs, bringing the total number of signatories

May 12, 2016

Statistics Reveal High Level of Double Tax Relief in China’s MAP Process

Statistics Reveal High Level of Double Tax Relief in China’s MAP Process

Apr 29, 2016

European Commission bows to "intense public demand", proposes public reporting of CbCR information

European Commission proposes public transparency rules for MNCs to tackle corporate tax avoidance in Europe estimated to cost European Union (EU) countries EUR 50-70 billion a year in lost tax

Apr 15, 2016

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