By: Michael Devereux
When Margaret Hodge complained about how little tax Amazon paid in the UK, the tax cognoscenti rather patronisingly pointed out that the existing system does not generally give the right to tax profit to the country in which a sale in made. But since then the US House of Representatives Ways and Means Committee, the European Commission, and also the OECD have all put forward proposals which move the system in this direction
By: Dominic Coyle
Single Malt directs profits to countries with which Ireland has a double taxation agreement but that do not have any corporation tax
By: Joe Kirwin (Bloomberg BNA)
European Union presidency holder Estonia has ruled out agreement by the end of 2017 on the pending EU tax intermediary framework designed to clamp down on aggressive tax planning. According to officials, despite pressure to reach agreement—in the wake of the Paradise Papers—negotiations are bogged down on issues such as scope, client confidentiality laws, penalties, retroactivity, the date of implementation, and the hallmarks that will define which cross-border tax arrangements have to be reported.