Summary: 1. BEPS: Action 7 (PE Status) 1.1 Agency PE: Article 5(5) • Option B 1.2 Agency PE: Article 5(6) 1.3 Exceptions in Article 5(4): preparatory or auxiliary character • Option E • "At the disposal" test under Article 5(1) 1.4 Exceptions in Article 5(4): anti-fragmentation • Option J 1.5 Article 5(3): splitting-up of contracts • Option L 1.6 Insurance • Option N 1.7 Attribution of profits • For a copy of the revised discussion draft and our Tax Alert on this topic, visit www.deloitte.com/ap/dbriefs/bytes 2. BEPS: other developments • Bob Stack (U.S. Treasury): Action 3 • Indian case: Baker Hughes • Revised discussion draft on Action 6: scheduled today 3. China: Bulletin 16 • Possible conflict between Bulletin 16 and BEPS Action 8 • For a copy of our Tax Alert on Bulletin 16, visit www.deloitte.com/ap/dbriefs/bytes • For information: Vicky Wang (Shanghai): vicwang@deloitte.com.cn, and Ye Hong (Shanghai): hoye@deloitte.com.cn 4. In brief 4.1 Treaties • For a copy of the five draft provisions for the U.S. model treaty, and the accompanying technical explanation, visit www.deloitte.com/ap/dbriefs/bytes 4.2 New Zealand Budget • For a copy of our Budget Alert, visit www.deloitte.com/ap/dbriefs/bytes • For information: Teresa Farac (Auckland):tfarac@deloitte.co.nz 4.3 Korea • For a copy of the two documents (concerning VAT and APAs), visit www.deloitte.com/ap/dbriefs/bytes • For information: Gyung Ho Kim (Seoul): gykim@deloitte.com or Sunny Kim (Seoul): sunnykim@deloitte.com 4.4 India • For a copy of the draft rules (concerning the use of a range of comparables and multiple year data), visit www.deloitte.com/ap/dbriefs/bytes • For information: Anis Chakravarty (Mumbai)
