Summary: 1. BEPS • OECD Washington conference - Multilateral instrument - Intangibles - Hybrid mismatch arrangements - Digital economy - CbC reporting - Post-implementation monitoring - Timing • Criticism of BEPS project by senior U.S. Republicans • Ireland: BEPS consultation - To obtain a copy of the consultation document and our Tax Alert, visit www.deloitte.com/ap/dbriefs/bepscentral#5 - For information: Declan Butler (Dublin): debutler@deloitte.ie • UN: BEPS consultation - To obtain a copy of the responses, visit www.deloitte.com/ap/dbriefs/bepscentral#5 2. China • Jiangsu provincial SAT - To obtain a copy of the English language document, visit www.deloitte.com/ap/dbriefs/bepscentral#5 • Director Liao: deductibility of cross-border service fees - 6 tests • China / Hong Kong double tax arrangement - Use of GAAR to defeat fragmentation strategy • For information: Vicky Wang (Shanghai): vicwang@deloitte.com.cn Ye Hong (Shanghai): hoye@deloitte.com.cn 3. Australia • Draft legislation to correct technical error: retrospective • Three rulings on double tax treaties • For information: David Watkins (Sydney): dwatkins@deloitte.com.au 4. In brief • Singapore: 10% tax rate for fund managers - For information: Rohit Shah (Singapore): roshah@deloitte.com • U.S. ratification of protocol to Japan / U.S. treaty • New Zealand consultation on 4 tax avoidance scenarios - For information: Teresa Farac (Auckland): tfarac@deloitte.co.nz - To obtain a copy of the consultation document, visit www.deloitte.com/ap/dbriefs/bytes
