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Other news in brief

Tax news in brief 16 Nov 2018

A round up of other news this week.


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The OECD has released new guidance for the Development of Synthesised Texts presenting an overview of the modifications to tax treaties resulting from the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting which entered into force on 1 July 2018. HMRC are already publishing synthesised texts for double tax conventions in place, as has been the case recently with New Zealand and Japan.

‘What to Tax?’ brings multiple answers and multifaceted views to topical questions about what is needed from our tax systems in an increasingly global, digital world. This publication convenes different voices both from KPMG and from a wide range of specialists in other areas of society. A full copy of ‘What to Tax’ has now been published and can be found here.

KPMG has flown the flag for the very best innovation coming out of the UK’s Northern Powerhouse by taking five ambitious scale-up businesses from across Greater Manchester to WebSummit – the global technology conference in Lisbon. The conference was attended by over 70,000 people, including CEOs and founders of the world’s biggest companies, the most promising new start-ups and scale-ups and influential investors.

Amid an environment where cyber security is under intense scrutiny, forty-eight percent of power and utility CEOs showed concern that becoming the victim of a cyber-attack is a matter of ‘when’ and not ‘if’ and not all CEOs are well-prepared to manage such an event, according to KPMG’s 2018 Global CEO Study.

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KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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