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International tax reform could increase global tax revenues by up to 4% While discussions continue on the design and technical detail of international tax reform under Pillars One and Two, the OECD Secretariat has the difficult task of modelling the impact of the changes.  At the OECD’s webcast on 13 February, the ... Tax and the City Review for February 2020 Mike Lane and Zoe Andrews look at the government’s post-Brexit ambitions for the financial services sector and at HMRC’s further guidance on the hybrid capital instruments rules and their statistics on DPT receipts. They also consider the UT d... Competition Law in the Digital Age Our Competition Law in the Digital Age newsletter is a quarterly publication intended to provide insights on modern-day competition law developments in a bite-sized format. This edition covers the interim report from the UK competition authority on online... Pensions Bulletin - February 2020 Topics covered in this bulletin: “Clearer, tougher, quicker”: tPR powers, old and new PPF Levy: Change in risk methodology spells bigger bills for bigger schemes RPI v CPI: Two cases and a Government consultation Looking ahead Transfer pricing aspects of financial transactions The OECD’s much-anticipated Transfer Pricing Guidance on Financial Transactions will form a new Chapter X of the Transfer Pricing Guidelines (TPG) and will add a new section to Chapter I on risk-free and risk-adjusted rates of return. Competition & Regulatory Newsletter On 30 January 2020 the European Commission announced it had fined several companies belonging to Comcast Corporation, including NBCUniversal, EUR14.3 million for restricting the countries in which and the customers to whom licensees could sell. In some in... Treasury and ESG Strategy Sustainable impact investing is now an important driver for many financial institutions and the market for green and sustainability-linked financial products continues to grow. There are real benefits for corporates in aligning sustainable finance more ge... How is sustainability being financed? Matthew Tobin reflects on green finance development in 2019 and what lies ahead for 2020.     OECD reviews Country-by-Country Reporting, suggesting possible extensions The OECD has released the consultation document for its review of Country-by-Country Reporting which forms part of the standardised approach to transfer pricing documentation established under Action 13 of the BEPS Project (see press release). The re... Exchange Launches Consultation on the extension of Weighted Voting Rights to corporate controllers The HKEX has published a consultation paper (Corporate WVR Consultation) seeking public feedback on a proposal to allow corporate entities to benefit from weighted voting rights (WVR).  The HKEX is proposing to broaden Chapter 8A of the Listing Rule...