EACT report on regulatory issues – Q1 2018
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Below, is a link to the semi-annual report from ESMA
This is an informative publication. In addition to the market analysis are ad-hoc articles (study about fees and returns, DLT,…) and an article re derivatives in EU with consolidated data from all the trade repositories.
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On 7 June at the OECD in Paris, then Minister for Finance, Michael Noonan T.D. signed the Multilateral Instrument (“MLI”) on Ireland’s behalf, along with 67 other jurisdictions. The MLI provides a mechanism for countries to transpose Base Erosion and Profit Shifting (“BEPS”) recommendations into their existing bilateral tax treaties. What follows below is a brief summary of some of the main aspects of the MLI of relevance to corporate treasurers in Ireland and in particular Irish entities involved in ...Continue Reading »
On 21 June 2016 the EU’s ministers of Finance and Economic Affairs, the so-called ECOFIN Council, unanimously approved the Anti-Tax Avoidance Directive (“ATAD”). This measure was originally proposed in January 2016 as part of the wider Anti-Tax Avoidance Package and was amended a number of times since its initial release.
Click HERE for a brief overview of some of the key changes agreed for implementation as part of the ATAD and in particular their relevance for corporate treasurers.Continue Reading »
Many corporate treasurers are likely to have become more aware of the OECD’s Base Erosion and Profit Shifting (BEPS) project, given the worldwide publicity it has received and the focus it has placed on limiting tax benefits of intragroup financing arrangements as a source of aggressive tax planning.
Following on from the BEPS project, the European Commission released its own draft anti-avoidance tax package on 28 January 2016 which contains measures to prevent aggressive tax planning, boost tax transparency and create ...Continue Reading »
The EC published its proposed securitization regulation on 30 September 2015. The proposed regulation imposes enhanced disclosure requirements on all originators, as well as creates a pan-European framework for ‘safe, transparent and standardised’ (“STS”) securitisations.Continue Reading »
On 18 December 2014, the OECD, as part of its work on the Action Plan to address Base Erosion and Profit Shifting (BEPS), released a Public Discussion Draft on Action 4 in relation to the deductibility of interest expense and economically equivalent financing payments. The Discussion Draft outlines three main alternatives to address non-taxation through the use of interest deductions: