Summary: 1. US tax reform: FDII & BEPS Action 5 (00:40) 1.1 Introduction (00:48) 1.2 BEPS Action 5: nexus approach for IP regimes (02:57) 1.3 BEPS Action 5: what is an "IP regime"? (07:12) 1.4 BEPS Action 5: non-IP regimes (11:53) 1.5 Bifurcation? (19:29) 1.6 Conclusions (21:58) 2. ICAP (23:44) • For a copy of the OECD's "International Compliance Assurance Programme Pilot Handbook", visit www.deloitte.com/ap/dbriefs/bytescentral 3. Asia Pacific (24:53) • Australia, India • For a copy of – Australia’s 3 items of guidance on the attribution of equity to foreign branches of Australian banks, expenses incurred in closing a petroleum project, and capital gains withholding in regard to certain Australian real estate transactions undertaken by non-residents – India’s case regarding PE status under the India/Belgium treaty – India’s decision in the Vodafone case (transfer pricing) – Visit www.deloitte.com/ap/dbriefs/bytescentral 4. Europe (29:46) • Cyprus, ECJ, EU, Finland, Greece, Poland, Romania, Sweden • For a copy of – Cyprus's guidance in regard to the claiming of VAT input tax credits by a holding company which exercises "active management" in regard to its subsidiaries (in Greek) – ECJ's decision in a VAT case concerning a single supply with two distinct elements – European Commission’s status report on the implementation of the Union Customs Code – Our Tax Alert regarding Finland's proposed amendments to the rules for interest deductions – European Commission's report on VAT split payment systems – Sweden's Administrative Court of Appeal decision in transfer pricing case (in Swedish) – Visit www.deloitte.com/ap/dbriefs/bytescentral 5. Americas (36:16) • Peru, US • For a copy of US's Notice 2018-13 regarding transition tax and US Tax Court decision in section 956 case, visit www.deloitte.com/ap/dbriefs/bytescentral 6. Treaties (38:53) • Azerbaijan/Denmark, Azerbaijan/Israel, Italy/Jamaica, UK/Uzbekistan • MLI signatories: Barbados, Côte d'Ivoire, Jamaica, Malaysia, Panama, Tunisia • MLI ratification: Poland
