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As EU member states determine the criteria for what constitutes a tax haven, while at the same time lowering their tax rates, the debate over tax havens is growing. Keith Brockman considers the parameters of the ideas of ‘transparency’ and ‘tax haven blacklist’.

See who has done the tax work on this month’s biggest deals

With corporations meeting the demands of rapidly changing regulations, increased audits, and new tax technology functions, some are overwhelmed with how much tax is influencing their business strategy – leading to a number of outsourcing arrangements. Amelia Schwanke explores whether General Electric (GE) and PwC’s recent agreement has ignited a new trend for outsourcing a business’s tax function

Mergers and acquisitions work is the lifeblood of many tax practices and the market has recovered since the lows of the financial crisis. A flurry of large deals in late 2016, including the $108 billion AT&T purchase of Time Warner, meant 2016 was the second-busiest for deal making since the crisis, but how will the M&A market respond to political upheaval across the globe?

Mexican tax rules dealing with transfer pricing adjustments entered into force on January 1 2017. These rules deal only with primary adjustments and all the formalities related to them, especially those to meet the requirements for deductions. Primary adjustments can even be recognised on a cashless basis. Unfortunately, at this stage secondary adjustments are not covered in these rules. Ricardo Rendón and Yoshio Uehara explain the changes.

Michael Yunan Following further consultation, final legislation to implement a diverted profits tax (DPT) in Australia has been introduced into parliament.

Khoonming Ho Lewis Lu The People's Bank of China (PBOC) issued PBOC Circular 9 [2017] on January 12 2017. This makes important changes to the regulations determining how much leverage Chinese enterprises, including foreign invested enterprises (FIEs), can take on through cross-border borrowing into China.

Supplementary Law 157/16 regarding the municipal service tax (ISS) was brought in to allow the taxation of new services and to reduce the harmful tax competition between municipalities.

Fernando Giacobbo Mark Conomy The Brazilian tax authorities (RFB) issued Solução de Consulta No. 154/2016 on November 18 2016, which states that payments in relation to the right to duplicate and commercialise certain software should be subject to Brazilian withholding tax (WHT).

Peter Lee The Canadian Minister of National Revenue announced the formation of a committee of third-party experts in April 2016, the Offshore Compliance Advisory Committee (the committee), to advise it on administrative strategies to deal with tax non-compliance.