Tax & Accounting Blog

The Netherlands Issues Proposed Beneficial Ownership Register Legislation

The Netherlands Issues Proposed Beneficial Ownership Register Legislation

On March 31, 2017, the Dutch Ministry of Finance issued a public consultation (and explanatory report) on draft legislation that would introduce a beneficial ownership register (registratie uiteindelijk belanghebbenden) in the Trade Register Act 2007 via the Fourth EU Anti-Money Laundering Directive (2015/849) (the "Directive" or AMLD4) of May 20, 2015. … Read More

U.K. Issues Draft Updated Guidance on Corporate Interest Restriction

U.K. Issues Draft Updated Guidance on Corporate Interest Restriction

On March 31, 2017, the U.K. HM Revenue & Customs (HMRC) issued draft updated guidance on corporate interest restriction. The rules are contained within Part 10 of Taxation (International and Other Provisions) Act 2010. The corporate interest restriction will have effect from April 1, 2017, and all periods of account of … Read More

Canada’s 2017 Federal Budget Does Not Contain New BEPS Measures

Canada’s 2017 Federal Budget Does Not Contain New BEPS Measures

On March 22, 2017, Canada’s Liberal Party-run government issued its 2017 Federal Budget (the “Budget”) before Parliament. The Budget contains one international tax legislative proposal that would extend Canada’s anti-avoidance rules to foreign branches of Canadian life insurance companies. While the Budget does not contain any new legislative measures relating to the OECD … Read More