This issue is a mix of opportunities and warnings, both of which should make for interesting reading.
At a time when the world is focussed on the outcome of the OECD Base Erosion Profit Shifting action plan, it is good to know that countries are still hoping to attract investors through a favourable tax regime. Here we have guidance on opportunities for clients and contacts interested in investing in Switzerland, Hungary, Tanzania, Indonesia, Cyprus and Jordan. But we also have warnings, whether it be general anti-avoidance in Poland, China and Singapore or specific new documentation requirements for multinationals in Japan. As will be seen from Spain, sometimes it is not the law which is changing but how the law is interpreted by the courts. As ever, investors need to be aware of what is happening in these countries.