World Wide Tax News - October 2020, Issue 56

BDO’s World Wide Tax News summarizes recent tax developments of international interest across the world. Highlighted this month is the United Kingdom’s COVID-19 related implications for Corporate Criminal Offences legislation, along with the Global Tax Outlook 2020, and the BDO Rethink Transfer Pricing webinar series.

Other highlights include:

• International
  • ​Global Tax Outlook - The Changing Face of Tax 
• Asia Pacific
  • AUSTRALIA: Federal Budget 2020-2021
  • KOREA: 2020 Korean Government’s tax reform proposal on the international tax matters
  • SINGAPORE: Tax framework for the Singapore Variable Capital Company
• Europe and the Mediterranean
  • CZECH REPUBLIC:
    • Tax loss carry back
    • Changes in the taxation of real estate transfers
  • MALTA: Consolidated income tax returns
  • SPAIN: “Fokus Bank” claims in Spain for non EU resident pension schemes, investment funds and sovereign funds (“third country” claims)
  • UNITED KINGDOM: Corporate Criminal Offences: Increased risk of remote working
• North American and the Caribbean 
  • UNITED STATES: Potential state corporate income tax consequences of the federal BEAT waiver election

 

Read the Full Newsletter