Summary: 1. BEPS • Action 13: Country-by-country (CbC) reporting / transfer pricing documentation - 19 May 2014: OECD public consultation meeting - Debate on how to distribute CbC reports to local country tax authorities • Action 2: Hybrid mismatch arrangements - China: indication of potential unilateral action • Margaret Hodge - Amazon 2. UN • Michael Lennard • Developing country perspective on BEPS • UN tax projects 3. Cases • India: Steria • "Most favored nation" provision in India / France protocol • "Scope more restricted" • For information: K.R. Sekar (Bangalore): krsekar@deloitte.com 4. New Zealand • 2014 Budget • To obtain a copy of our Budget Analysis, visit www.deloitte.com/ap/dbriefs/bytes • For information: Patrick McCalman (Wellington): pmccalman@deloitte.co.nz 5. In brief • Singapore - Three recent public rulings + To obtain a copy of tax treatment of R&D expenditure, visit www.deloitte.com/ap/dbriefs/bytes + To obtain a copy of the M&A Scheme, visit www.deloitte.com/ap/dbriefs/bytes + To obtain a copy of tax treatment of hybrid instruments, visit www.deloitte.com/ap/dbriefs/bytes - For information: Daniel Ho (Singapore): danho@deloitte.com • Treaties - Vietnam / Azerbaijan treaty signed • Japan - IBM wins tax case
