New protocol on Mexico-Spain tax treaty to enter into force in September 2017
21 July 2017
Spain, on July 7, 2017, published the new protocol to the tax treaty between Mexico and Spain (Protocol). The Protocol will enter into force on September 27, 2017.
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Tax Court rules that non-US partner’s gain from the redemption of its partnership interest is not effectively connected income
19 July 2017
On July, 13, 2017, the US Tax Court issued its opinion in Grecian Magnesite Mining, Industrial & Shipping Co., SA, v. Commissioner, 149 T.C. No. 3, holding that a non-US partner’s gain from the redemption of an interest in a partnership that was engaged in a US trade or business was not effectively connected income (ECI).
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Netherlands seeks comments in internet consultation on implementing minimum measures from ATAD1
17 July 2017
The Netherlands, on July 10, 2017, launched a consultation, which is the first step to implementing the first EU Anti-Tax Avoidance Directive (ATAD1) which the European Union agreed upon in 2016. Interested parties may react to the consultation until August 21, 2017.
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