(December 5, 2014)

On December 5, 2014 a set of documents/webpages, together called "Capital Allowances Manual" was published on the GOV.UK website as part of the Business tax - collection.

Capital Allowances let taxpayers write-off the cost of certain capital assets against taxable income. They take the place of depreciation charged in the commercial accounts, which is not normally deductible for tax purposes.

(December 5, 2014)

On December 5, 2014 the Japanese Ministry of Finance issued a press release announcing that the Government of Japan and the Government of the State of Qatar will initiate negotiations for a tax agreement between the two countries. According to the press release the first round of negotiations will take place from December 8, 2014 in Tokyo.

 

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(December 4, 2014)

On December 4, 2014 the Canadian Department of Finance issued a press release announcing that the Agreement between the Government of Canada and the Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam for the Exchange of Information on Tax Matters (TIEA) will enter into force on December 26, 2014.

(December 4, 2014)

On November 28, 2014 the Ministers of Finance of Germany (Schäubele), France (Sapin) andItaly (Padoan) sent a letter to the European Commissioner for Economic and Financial Affairs, Taxation and Customs (Mr. Pierre Moscovici). In their letter the Ministers call upon Mr. Moscovici to take action against unfair tax competition and Base Erosion and Profit Shifting within the EU.

(December 3, 2014)

Next to the webpage we referred to in our Article of earlier today, we found an other webpage on the website of the UK Government that is dedicated to the Autumn Statement 2014. This webpage can be found here. The page contains a lot of information. Under the header “Autumn Statement: documents” one can amongst others find other documents that were published alongside the Autumn Statement. One of these documents is a consultation document titled: “ Tackling aggressive tax planning: implementing the agreed G20-OECD approach for addressing hybrid mismatch arrangements”. Via this consultation the UK Government is seeking views on the UK plans for implementing the G20-OECD agreed rules for neutralising hybrid mismatch arrangements.

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