Treasury and IRS issue final FATCA regulations

The Indian government released a long-awaited report on implementation of General Anti-avoidance Rules (GAAR); the report has been eagerly anticipated by multinationals with Indian investments.

The US and Spain signed a new, far-reaching income tax protocol on 14 January 2013 that amends the existing 1990 US-Spain income tax treaty.

A review of the weeks major US international tax-related news. In this edition: the US Supreme Court rules the UK windfall tax is creditable, US FATCA developments, and the OECDs release of final guidance on transfer pricing safe harbors.