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  • The accelerated payments notice legislation has caused controversy in the UK The UK revenue authority, HM Revenue & Customs (HMRC), has successfully fought off a legal challenge to its controversial accelerated payment notices (APNs) legislation.
  • Entities in Luxembourg (and Mauritius) now have an extra month to submit their first FATCA report Luxembourg extended the deadline for financial institutions to submit their first report under the US Foreign Account Tax Compliance Act (FATCA). Mauritius has also announced a similar extension.
  • The European Commission (EC) has ordered France to recover €1.37 billion ($1.50 billion) from Électricité de France (EDF), the energy company, for tax breaks given to the company in 1997.
  • The blueprint for how to tax cryptocurrencies like Bitcoin is still being developed Cryptocurrencies such as Bitcoin should be exempt from VAT, according to Advocate General Juliane Kokott's Opinion in a Swedish European Court of Justice (ECJ) case. The case, C-264/14, was referred to the ECJ by Sweden in June 2014 as the country looked for clarification on how to treat Bitcoin.
  • The Indian government has appointed Rodrigo Oreamuno as its arbitrator in the long-running Vodafone dispute.
  • With the government fast-tracking economic and fiscal development, Wang Jun, China’s Tax Commissioner (ministerial level) provides insights into how he is bringing Chinese tax policy into line with global standards, and the importance of taking care of the pond if you want good quality fish.
  • Lyudmila Petkova, director of the Bulgarian Ministry of Finance’s Tax Policy Directorate, outlines the moves being made to counter tax fraud and tax evasion in Bulgaria at national level, as well as how this fits into wider regional and global efforts to tackle abuse.
  • The shortlists for the Americas Tax Awards 2015 have been released.
  • Mark Lindley, director of tax at the Qatar Financial Centre (QFC), provides an overview of tourism taxation in the Gulf Cooperation Council (GCC), looking at levies in countries across the region and assessing the extent to which such levies restrain the sector.
  • In the first of a series of updates on intangibles valuation and intellectual property (IP) assets, Philip de Homont, principal at NERA Frankfurt, and Alexander Voegele, chairman of the firm’s advisory board, look at issues related to multiple economic ownership of intangibles.
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