EY Cross-Border Taxation Alerts

A review of the week's major US international tax-related news. In this edition: US, Cayman Islands sign FATCA Model 1 IGA and TIEA -- IRS releases draft Form 8966 FATCA Report -- IRS releases PLR 201332007; addresses subpart F foreign base company sales branch rules.

A review of the week's major US international tax-related news. In this edition: A review of the status of US tax reform -- US, Belgium sign Competent Authority Agreement -- Urgent action by US and foreign MNCs may be required due to new Canadian upstream loan rules.

The Italian Revenue Agency issued its annual guidelines for Revenue auditors on goals to achieve and tax strategies to pursue in the carrying out of FY 2013 audit activities.

A review of the week's major US international tax-related news. In this edition: President Obama offers business tax reform proposal -- Congress begins August recess; tax reform markups for fall -- OECD issues TP discussion draft on intangibles, White Paper on documentation.

A review of the week's major US international tax-related news. In this edition: More on US tax reform and the recently released OECD base erosion and profit shifting (BEPS) action plan.

A review of the week's major US international tax-related news. In this edition: OECD released BEPS action plan on 19 July -- Treasury updated FATCA Model 1 and 2 IGAs -- IRS issues both FAA on CFC income from software leases determined to be foreign personal holding company income and GLAM on ADR Payments.

A review of the week's major US international tax-related news. In this edition: OECD to release BEPS action plan on 19 July -- Key FATCA timelines delayed -- Senate leaders say tax reform a long way off.

A review of the week's major US international tax-related news. In this edition: Congressional tax leaders kick-off of nation-wide tax reform tour -- OECD BEPS report due out next week -- IRS PLR addresses subpart F manufacturing exception -- IRS adds Croatian entity to per se list of corporations

A review of the week's major US international tax-related news. In this edition: Senate tax leaders favor "clean slate" approach to tax reform, FATCA developments, US Tax Court has jurisdiction to review APA cancellation, and US government opposes public disclosure of country-by-country tax reporting.

A review of the week's major US international tax-related news. In this edition: an update on the recent G8 meeting in Northern Ireland at which the G8 expressed support for greater transparency with tax authorities and endorsed the OECD's ongoing work on base erosion and profit shifting (BEPS).

The European Commission on 12 June 2013 proposed extending automatic exchange of information to cover dividends, capital gains, and other financial income and account balances.

A review of the week's major US international tax-related news. In this edition: House Ways and Means Committee on 13 June held a hearing on US and foreign multinational corporations' use of tax havens, Congressional leaders stake out positions on raising US debt ceiling, and US, Japan sign Model 2 IGA "statement."

The Russian government recently released a draft document that discusses tax policy changes for 2014 and planning for the 2015-16 period.

A review of the week's major US international tax-related news. In this edition: OECD conference focuses on Base Erosion and Profit Shifting (BEPS), House Ways and Means moves a bit on US tax reform, and PLR 201321007 on domestication of a foreign parent corporation holding a USRPHC.

The European Union may be considering expanding tax reporting obligations already adopted for banks to all large companies and groups

United Nations launches Practical Manual on Transfer Pricing for Developing Countries

A review of the week's major US international tax-related news. In this edition: an update on the OECD's Base Erosion and Profit Shifting Action Plan, release of the UN Practical Manual on Transfer Pricing for Developing Countries, and IRS CCA 210321018.

A review of the week's major US international tax-related news. In this edition: the US Supreme Court rules the UK windfall tax is creditable, US FATCA developments, and the OECD's release of final guidance on transfer pricing safe harbors.

Australia issues 2013/14 Federal Budget

Swiss Corporate Tax Reform III: increasing Switzerland's attractiveness as a business location

A review of the week's major US international tax-related news. In this edition, A US official provides preliminary views on the OECD's base erosion and profit shifting report; IRS officials discuss upcoming US international tax guidance.

Canada Revenue Agency announces measures to counter international tax evasion and aggressive tax avoidance

A review of the week's major US international tax-related news. In this edition, an update on Congressional efforts on US tax reform.

South Africa continues increased scrutiny of PE exposure

A review of the week's major US international tax-related news. In this edition, an update on US tax reform, FATCA developments, and a new OECD handbook on transfer pricing.