Tim Sarson’s latest summary of international developments.
The UK’s final regulations implementing DAC 6 should give businesses and intermediaries further clarity on the operation of the EU tax disclosure rules. Four new territories, including Cayman Islands, have been added to the EU’s blacklist whilst 16 countries have made it off the grey list. The OECD has made further progress on developing a consensus solution to the tax challenges arising from the digitalisation of the economy, and it has also issued its long-awaited transfer pricing guidance on financial transactions. India announced its 2020 Budget. Finally, China has implemented tax rules to help contain the coronavirus spread.
In the latest of his regular articles for Tax Journal*, Tim Sarson rounds up recent international developments. This month’s article looks at the:
* First published in Tax Journal on 28 February 2020. Reproduced with permission.
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