Summary: 1. Netherlands case: fiscal unity / non-discrimination article • Held that provision equivalent to Article 24(5) of OECD model treaty does not allow formation of fiscal unity • For a copy of our Tax Newsflash on this case, visit www.deloitte.com/ap/dbriefs/bytes • For information: Willem Blom (Rotterdam): WBlom@deloitte.nl 2. India case: interaction between Article 7 and Article 12 • Despite the fact that there was no PE, tribunal applied Article 7 (and thus, exemption), instead of Article 12 (and thus, gross basis taxation) • For information: N.C. Hegde (Mumbai): nhegde@DELOITTE.com 3. Russia case: disregarding separate legal status of subsidiary • Russian company treated as PE of Luxembourg group parent company • For information: Elena Solovyova (Moscow): esolovyova@Deloitte.ru 4. BEPS 4.1 OECD • Arm twisting (CbC reporting and Bermudan cash box) and hand wringing (mandatory binding arbitration) 4.2 U.S. comments • Allocation of risk in 19 December 2014 discussion draft 4.3 EU: Belgium’s “excess profits” tax rulings • For a copy of the European Commission’s press release, statement by Commissioner Vestager, and our Tax Newsflash, visit www.deloitte.com/bepscentral • For information: Pascal Van Hove (Brussels): pvanhove@deloitte.com 4.4 Australia: Senate enquiry • To obtain a copy of the public submissions, visit www.deloitte.com/bepscentral • For information: David Watkins (Sydney): dwatkins@deloitte.com.au 4.5 Denmark: unilateral change • Domestic law “principal purpose test” • For information: Soeren Reinhold Andersen (Copenhagen): soeandersen@deloitte.dk or Niels Josephsen (Copenhagen): njosephsen@deloitte.dk 5. Hong Kong 5.1 Certificates of residence • To obtain a copy of the revised application forms: visit www.deloitte.com/ap/dbriefs/bytes and here, guidance notes from Hong Kong tax authorities: visit www.deloitte.com/ap/dbriefs/bytes, and our Tax Newsflash: visit www.deloitte.com/ap/dbriefs/bytes • For information: Davy Yun (Hong Kong): dyun@deloitte.com.hk 5.2 Freest economy for 21 years 6. In brief 6.1 Taiwan: interest deductions • For information: Cheli Liaw (Taipei): cheliliaw@deloitte.com.tw 6.2 India: Vodafone case (subscription for shares at undervalue) • For information: Anis Chakravarty (Mumbai): anchakravarty@deloitte.com 6.3 Indonesia • Multilateral Convention on Mutual Administrative Assistance in Tax Matters: ratified by Indonesia • Regulation on APAs • For information: Nazly Siregar (Jakarta): nsiregar@deloitte.com 6.4 EU: financial transactions tax • Back on the agenda 6.5 U.S.: President Obama’s Budget • To obtain a copy of our Tax Newsletter, visit www.deloitte.com/ap/dbriefs/bytes
