Summary: 1. BEPS: OECD 1.1 Action 7: prevent the artificial avoidance of PE status • Public consultation meeting: 21 January 2015 • To watch the video of the meeting, visit www.deloitte.com/bepscentral 1.2 Action 6: prevent treaty abuse • Public consultation meeting: 22 January 2015 • To watch the video of the meeting, visit www.deloitte.com/bepscentral 1.3 Action 14: make dispute resolution mechanisms more effective • Public consultation meeting: 23 January 2015 • To watch the video of the meeting, visit www.deloitte.com/bepscentral 1.4 Actions 8-10: discussion draft on "low value-adding intra-group services" • To obtain a copy of all the public comments, visit www.deloitte.com/bepscentral 2. Other BEPS stories 2.1 EU: Amazon ruling • To obtain a copy of the European Commission's letter to the Luxembourg government, visit www.deloitte.com/bepscentral 2.2 Spain: CbC reporting • For information: Brian Leonard (Madrid): bleonard@deloitte.es 2.3 Australia: ATO review of 200 MNCs • For information: David Watkins (Sydney): dwatkins@deloitte.com.au 3. China 3.1 GAAR • For a copy of the administrative guidance on GAAR (original Chinese language and our unofficial English translation): visit www.deloitte.com/ap/dbriefs/bytes, our Tax Alert (English language): visit www.deloitte.com/ap/dbriefs/bytes, and the transcript of interview of SAT's Ms Wang Xiao Yue (Chinese language): visit www.deloitte.com/ap/dbriefs/bytes 3.2 Advance tax rulings 3.3 Shanghai Pilot FTZ 3.4 Draft Foreign Investment Law • For a copy of our summary of the draft Law: visit www.deloitte.com/ap/dbriefs/bytes • For information: Nora Fu (Shanghai): nfu@qinlilawfirm.com 3.5 Indirect share transfers For information on 3.1, 3.2, 3.3, and 3.5: Vicky Wang (Shanghai): vicwang@deloitte.com.cn Ye Hong (Shanghai): hoyeqinli@qinlilawfirm.com 4. Cases 4.1 India: ITC Infotech • Transfer pricing: contractual allocation of risk vs. conduct 4.2 India: Goldstar Jewellery • Transfer pricing: accounts receivable outstanding for long period 4.3 India: Vodafone • Transfer pricing: subscription for shares at undervalue • Government announces it will not appeal 5. In brief 5.1 Treaties • Singapore / France and Singapore / Uruguay signed 5.2 India • Break-through on India / U.S. MAP dispute • For a copy of our Tax Alert: visit www.deloitte.com/ap/dbriefs/bytes • For information: Anis Chakravarty (Mumbai): anchakravarty@deloitte.com 5.3 Taiwan • Draft amendment to transfer pricing rules (including business restructures) - For a copy of the draft amendment: visit www.deloitte.com/ap/dbriefs/bytes • For information: Mike Chang (Taipei): mikechang@deloitte.com.tw 5.4 Hong Kong • Bill to extend profits tax exemption to private equity funds • For information: Patrick Yip (Hong Kong): patyip@deloitte.com.hk
