EY You and the Taxman

You and the Taxman

Issue 4, 2014

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In recent years, tax policy and enforcement have seen rapid changes globally. This issue examines what the evolving international tax landscape means for businesses.

EY - The OECD rewrites international tax rules

The OECD rewrites international tax rules

The Organisation for Economic Co-operation and Development (OECD) has issued seven of the deliverables due under its Action Plan on Base Erosion and Profit Shifting (BEPS) and these will have an impact on multinationals doing business in Singapore.

EY - Changing expectations on transfer pricing documentation

Changing expectations on transfer pricing documentation

Singapore’s tax authority has released a consultation paper, proposing that taxpayers be required to prepare documentation to support transfer pricing positions and to have this in place by the time the company tax return is filed.

EY - Greater clarity on tax treatment of hybrid instruments

Greater clarity on tax treatment of hybrid instruments

The introduction of an e-Tax guide on the income tax treatment of hybrid instruments is a welcomed step towards providing taxpayers with greater direction in determining the potential tax implications of these instruments.

EY - Compliance and reporting: blending global and local

Compliance and reporting: blending global and local

Multinational companies need to evaluate and redesign their global compliance and reporting processes to have greater control, visibility and accountability.

EY - Private equity: How do Singapore and Hong Kong compare?

Private equity: How do Singapore and Hong Kong compare?

An attractive tax exemption regime plays an important part in attractive private equity funds and Singapore appears to have a slight edge over Hong Kong in this regard.

EY - Tax relief for intellectual property

Tax relief for intellectual property

The writing down allowances regime available on intellectual property (IP) acquisition costs under section 19B of the Singapore Income Tax Act could be further refined to make it more relevant and attractive to investors using Singapore as an IP holding location.

EY - Debt funding Australian investments

Debt funding Australian investments

Investors using both third-party and related-party debt to fund investments into Australia do so for tax efficiency reasons and flexibility in returning cash. They will need to consider Australian income tax matters when using debt funding especially the new, lower, safe harbour for thin capitalisation.

EY - Connecting with clients in Asia-Pacific

Connecting with clients in Asia-Pacific

EY’s Asia-Pacific Tax Symposium sees a huge turnout as BEPS gets on the radar of organisations. Find out why clients see value in our flagship tax event.

EY - The capital-revenue divide on management corporations

The capital-revenue divide on management corporations

The case of BLP v CIT examines whether the contributions received by a management corporation from its members for the purposes of retrofitting and upgrading common property should be classified as capital or revenue in nature.