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Hundreds of Danish taxpayers face tax investigations for offshore hidden assets after Denmark announced that it will pay for the information leaked in the Panama Papers.

Sean Foley Cameron Taheri The European Commission (EC) announced on August 30 that it had concluded that Ireland granted undue tax benefits of up to €13 billion ($14.5 billion) to a US-based multinational enterprise, Apple Inc., and that this action was "illegal" under EU state aid rules because it allowed the company to pay substantially less tax than other businesses. The EC concluded that Ireland must now recover the illegal aid.

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Global transparency is one of the hottest topics of discussion in the policy agendas of governments around the world. Developed and developing countries alike are being urged to establish a more robust legal framework in an effort to meet international standards on tax transparency, write Rafael Sayagués, Alexandre Barbellion and Isabel Chiri of EY Central America.

In the hype of the BEPS Project, Mexico has been one of the most active countries in applying the concepts of substance, transparency and consistency, write Simón Somohano and David Cárdenas of Deloitte.

As a follow-on of the energy reform, this sector has seen a new-found interest from participants who seek to invest in publicly traded securities. Ricardo Rendón and Carlos Enrique Naime from Chévez, Ruiz, Zamarripa investigate.

Around 20 years ago the Brazilian Government, in order to deter tax evasion in the country, introduced rules aimed at avoiding the undue transfer of profits through transactions conducted between multinational companies and their parents or associates abroad, writes Carlos Ayub of Deloitte Brazil. Since then, all movements of goods, services, and rights between entities in the same group have been subject to transfer pricing rules.

The 2014 Tax Reform Act and the 2016 Tax Reform Amendment Act gave the Chilean tax regulator new tools to contact taxpayers, request information, initiate examination processes and potential tax audits, and even to declare the termination of activities for certain businesses, write Roberto Carlos Rivas and Josefina Casals of PwC Chile.

The recent conclusion of the impeachment trial of Dilma Rousseff brings a new wave of optimism to Brazil, but there are huge challenges that the new president will need to tackle fiercely and urgently, say Simone Musa and Adriana Stamato of Trench, Rossi e Watanabe Advogados.

At the beginning of 2013, and after having had a very hard time trying to convince businesses to support the 2012 tax reform, the government promised that it would file a comprehensive tax reform to better articulate the tax system and in this way avoid the need of making reforms every other year to deal with budget constraints, writes Jaime Vargas, tax managing partner and international tax services leader at EY Colombia.