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The Government of the Isle of Man has announced that on August 13, 2016 the Agreement Between the Government of the Isle of Man and the Government of the Cayman Islands for the Exchange of information Relating to Tax Matters (Hereafter: the TIEA) entered into force. The Protocol amending the TIEA entered into force on August 26, 2016.
Read more: TIEA as concluded between the Isle of Man and the Cayman Islands entered into force
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The Government of the Isle of Man has announced that on September 8, 2016 the Agreement Between the Government of the Isle of Man and the Government of Romania for the Exchange of information Relating to Tax Matters (Hereafter: the TIEA) entered into force.
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On September 19, 2016 the European Commission issued a press release announcing that it has opened an in-depth investigation into Poland's tax on the retail sector. According to the press release the European Commission has concerns that the progressive rates based on turnover give companies with a low turnover a selective advantage over their competitors in breach of EU state aid rules.
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On September 19, 2016 the European Commission issued a press release announcing that it has opened an in-depth investigation into Luxembourg's tax treatment of GDF Suez (now Engie). According to the announcement the European Commission has concerns that several tax rulings issued by Luxembourg may have given GDF Suez an unfair advantage over other companies, in breach of EU state aid rules.
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On September 16, 2016 the Government of Liechtenstein issued a press release announcing that on September 15, 2016 Liechtenstein and Austria signed a Protocol amending their existing Double Taxation Agreement (Hereafter: the DTA).
Although the new Protocol has been signed, it has not entered into force yet. For the Protocol to enter into force, the respective ratification procedures have to have been finalized in both countries.
Read more: Liechtenstein and Austria sign a Protocol amending their DTA
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