Summary: 1. OECD Model Treaty and Commentary: 2014 Update: Share redemptions • Source country treatment as "income from shares" requires that Article 10, not 13, applies • Residence country must accept that treatment, for purposes of Articles 23A and 23B 2. OECD Model Treaty and Commentary: 2014 Update: Accrued interest • Definition of "interest" in Article 11 • Amended Commentary: sale of security for price which reflects accrued interest, redemption premium, or original issue discount 3. OECD Model Treaty and Commentary: 2014 Update: "Look through" rule for conduit companies? • Amendments to Model Treaty and Commentary in regard to "beneficial ownership" do not provide for an express "look through" rule for conduit companies 4. Cases • India: MISC case • Article 8 of India / Malaysia treaty • Slot-chartering arrangement • For information: N.C. Hegde (Mumbai): nhegde@deloitte.com K.R. Sekar (Bangalore): krsekar@deloitte.com 5. In brief • Treaties - Singapore / Liechtenstein enters into force • Taiwan - R&D tax credits and other incentives: now require compliance with environmental, labor, and food safety laws - For information: Cheli Liaw (Taipei): cheliliaw@deloitte.com.tw • India - Cairn: moves its "indirect share transfer" case to new committee - For information: N.C. Hegde (Mumbai): nhegde@deloitte.com K.R. Sekar (Bangalore): krsekar@deloitte.com
