Summary: Countdown of the top 10 international tax stories of 2014: 10: "Behavior influencing" taxes • Korea: 10% tax on companies which fail to spend cash • UK: diverted profits tax 9: OECD • 2014 Model Treaty and Commentary • Global Forum on Transparency and Exchange of Information • Common Reporting Standard • Plus BEPS! 8: India • Year in two halves (pre and post-election) • Committees, tax authorities, legislation 7: China • Outbound payments • Tax audits • BEPS • SAT guidance • Other developments 6: FATCA / CRS • FATCA starts • CRS is agreed 5: Treaties • China / Germany • China / Russia • Korea / Hong Kong • Entry into force • China / Taiwan? 4: VAT • OECD guidelines • Inbound digital supplies • Malaysia • Japan 3: Cases • Permanent establishment • Treaties and hybrid entities • Use of domestic law to prevent treaty shopping • Other cases 2: Inversions • Pre and post Notice 2014-52 1: BEPS • 15 Actions: status at year-end • Developing countries • Unilateral actions • EU • BEPS movement, not BEPS project
