Summary: 1. Panama Papers (00:51) 2. BEPS: news (02:33) 2.1 EU: Draft directive on public disclosure of CbC information (02:41) • For a copy of the draft directive, visit www.deloitte.com/ap/dbriefs/bytescentral 2.2 CbC: other news (08:10) 2.3 Digital economy: Israel (08:32) • For a copy of Circular 4 (in Hebrew), visit www.deloitte.com/ap/dbriefs/bytescentral • For information: Jacob Houlie (Tel Aviv) : jhoulie@deloitte.co.il 3. BEPS: Likely impact on business models: Payments made to a reverse hybrid (09:51) 3.1 D/NI mismatch (10:32) 3.2 Examples 1 & 2 (11:22) 3.3 BEPS Report: domestic law recommendations (16:23) 3.4 BEPS Report: treaty recommendations (18:16) 3.5 CV / BV structure (21:25) 4. Asia Pacific (25:42) • Australia, China, New Zealand, Vietnam 5. Europe (26:50) • Belgium, EU, Germany, Italy, Sweden, UK 6. Americas (28:25) • Canada, Chile, U.S. 7. Treaties (29:25) • China / Germany, Hong Kong / Latvia, Egypt / Saudi Arabia, UAE / UK
