Summary: 1. BEPS 1.1 Action 1: digital economy • 18 December 2014 discussion drafts (DDs) on VAT: for a copy of the public comments, visit www.deloitte.com/bepscentral • Proposed changes to Japan’s consumption tax: for a copy of the proposed changes and explanatory material (Japanese language), visit www.deloitte.com/bepscentral • For information: Jun Takahara (Tokyo): jun.takahara@tohmatsu.co.jp 1.2 Action 4: interest deductions • To access the video of the public consultation meeting, visit www.deloitte.com/bepscentral 1.3 Action 5: harmful tax practices • For a copy of the European Commission’s press release on the “tax transparency package”, visit www.deloitte.com/bepscentral 1.4 Actions 8-10: transfer pricing 1.5 Action 13: transfer pricing documentation • For a copy of the “Aloe Vera of America” case, visit www.deloitte.com/bepscentral 1.6 Action 14: dispute resolution mechanisms 2. Cases 2.1 India: Flag Telecom • Sale of telecom capacity • For information: N.C. Hegde (Mumbai): nhegde@DELOITTE.com 2.2 India: GVK • Success fee for consulting services related to debt finance • For information: Enwright Desales (Bangalore): ejdesales@deloitte.com 3. Budgets 3.1 Singapore • For a copy of our Tax Alert, visit www.deloitte.com/ap/dbriefs/bytes • For information: Daniel Ho (Singapore): danho@deloitte.com 3.2 Hong Kong • For a copy of our Tax Alert, visit www.deloitte.com/ap/dbriefs/bytes • For information: Anthony Lau (Hong Kong): antlau@deloitte.com.hk 3.3 South Africa • For a copy of our Tax Alert, visit www.deloitte.com/ap/dbriefs/bytes • For information: Nazrien Kader (Johannesburg): nkader@deloitte.co.za 3.4 India • Budget to be presented on 28 February 2015 • For information: N. C. Hegde (Mumbai): nhegde@DELOITTE.com 4. In brief 4.1 Treaties • India / Croatia • Japan / Qatar 4.2 Canada: TP guidance • For a copy of TPM-15, visit www.deloitte.com/ap/dbriefs/bytes, and TPM-16, visit www.deloitte.com/ap/dbriefs/bytes • For information: Markus Navikenas (Alberta): mnavikenas@deloitte.ca 4.3 U.S. • For a copy of the IRS memorandum, visit www.deloitte.com/ap/dbriefs/bytes • For information: Tom Driscoll (Chicago): thosdriscoll@DELOITTE.com 4.4 UN Committee report • For a copy of the report, visit www.deloitte.com/ap/dbriefs/bytes 4.5 South Africa • For a copy of the draft guidance, visit www.deloitte.com/ap/dbriefs/bytes • For information: Nazrien Kader (Johannesburg): nkader@deloitte.co.za 4.6 New Zealand • For a copy of the “issues paper”, visit www.deloitte.com/ap/dbriefs/bytes, and our Tax Alert, visit www.deloitte.com/ap/dbriefs/bytes • For information: Teresa Farac (Auckland): tfarac@deloitte.co.nz 4.7 China • “Top 10 tax events in 2014” 4.8 Boris Johnson
