Summary: 1. Cases • India: e-Funds - Delhi High Court - Definition of PE under India / U.S. treaty - PE status is not determined by earlier MAP agreement between the two competent authorities - Court applied OECD and UN Commentaries to conclude “no PE” - Different approach from recent cases in Spain (Roche and Dell) and India (Rolls Royce and Convergys) - For information: K.R. Sekar (Bangalore): krsekar@deloitte.com • Netherlands: Redeemable preference shares (RPS) - Netherlands Supreme Court - RPS issued by Australian subsidiary to Netherlands parent - RPS treated as debt for Australian tax purposes - Court: RPS are equity for Dutch tax purposes - For information: Hans Pijl (Amsterdam): HPijl@deloitte.nl 2. BEPS • Country-by-country reporting - UK: template included in 30 January 2014 discussion draft requires “too much information” • Unilateral action: Canada - Proposal to include “anti-treaty shopping” provision in domestic tax law - For information: Charles Taylor (Alberta): charlestaylor@deloitte.ca 3. India • Enforcement of tax return filing, in regard to royalties and technical service fees • Vodafone: conciliation talks break down • DTC: don’t hold your breath • For information: K.R. Sekar (Bangalore): krsekar@deloitte.com 4. Taiwan • New withholding tax rules for outbound payments of certain royalties and technical service fees • Retrospective from 2011 • For information: Cheli Liaw (Taipei): cheliliaw@deloitte.com.tw 5. In brief • Singapore / Poland and New Zealand / Papua New Guinea treaties entered into force • China: Circular 2 (movement of cash out of China, on capital account) and Bulletin 9 (procedural changes regarding establishment of Chinese corporate residence based on “effective management”) - For information: Vicky Wang (Shanghai): vicwang@deloitte.com.cn Ye Hong (Shanghai): hoye@deloitte.com.cn • United Nations: report of October 2013 meeting of Committee of Tax Experts - To obtain a copy of the report, please visit www.deloitte.com/ap/dbriefs/bytes • Australia: revised draft determination on capital support payments - For information: David Watkins (Sydney): dwatkins@deloitte.com.au • OECD report: “Standard for Automatic Exchange of Financial Account Information” - To obtain a copy of the report, please visit www.deloitte.com/ap/dbriefs/bytes
