1. Cases

• Korean Supreme Court (26 June 2014)

- Application of Korea / U.S. treaty to U.S. LLC

• Korean Supreme Court (10 July 2014)

- Interposed Dutch holding company held to be beneficial owner, for Korean purposes

• Korean National Tax Tribunal (29 May 2014)

- "Substantial shareholder" dividend tax rate: do the shares need to be directly owned?

• For information:

Gyung Ho Kim (Seoul): [email protected]

2. BEPS

• C20 paper

• Unilateral changes: France and the Netherlands

• OECD's part 1 report: tax incentives and indirect share transfers

• For a copy of the C20 paper and the OECD part 1 report, visit www.deloitte.com/ap/dbriefs/bepscentral

3. Australia

• Dividend washing compliance program

• Bitcoin transactions: draft public rulings

• For information:

David Watkins (Sydney): [email protected]

4. In brief

• India / Fiji and Japan / Oman treaties enter into force

• Vietnam: Circular 103

- For information:

Tom McClelland (Ho Chi Minh): [email protected]

- For a copy of our Tax Alert: visit www.deloitte.com/ap/dbriefs/bytes

• Thailand: inheritance tax and property tax