Summary: 1. OECD Model Treaty and Commentary: 2014 Update • Omitted: amendments to Commentary on Article 5 • Amendments to Commentary on meaning of “beneficial owner” - “Dependent” test vs. “related” test • For a copy of the 2014 Update, visit www.deloitte.com/ap/dbriefs/bytes 2. Cases • Allcargo Global Logistics (India) - Re-characterize transaction for transfer pricing purposes - Tribunal: delayed allotment of shares cannot be re-characterized as a loan - For information: K.R. Sekar (Bangalore): krsekar@deloitte.com 3. Australia • Carbon tax repealed • Amendment bill: thin capitalization and participation exemption for non-portfolio foreign dividends • Internal ATO report • For information: David Watkins (Sydney): dwatkins@deloitte.com.au 4. BEPS • Pascal Saint-Amans: testimony to U.S. Senate Committee on Finance - For a copy of the testimony, visit www.deloitte.com/ap/dbriefs/bytes • Michelle Levac: interesting comments on “special measures” 5. In brief • Treaties - Signed: Taiwan / Austria - In force: India / Poland protocol • OECD: new global standard for automatic exchange of information - For a copy of the global standard, visit www.deloitte.com/ap/dbriefs/bytes • Vietnam: Circular 78 - For information: Tom McClelland (Ho Chi Minh): tmcclelland@deloitte.com • Indonesia: new President
