These chapter covers the tax regime of Germany and Australia and provides essential information for any adviser who needs to understand the tax implications of their clients' activities there.

This month, the G8 summit at Lough Erne has been the focus of media attention and there were a number of commitments on taxation made by the leaders, mainly around transparency and information sharing.

A selection of information has been taken from Tolley's Value Added Tax to provide you with overviews of major changes in VAT. Tolley's Value Added Tax offers a complete picture of VAT. It includes in-depth coverage of UK and EU legislation, HMRC material, case law and tribunal decisions

On 19 July, the OECD published its Action plan on base erosion and profit shifting, produced at the request of the G20 in response to growing public disquiet on the perceived avoidance of tax by some multinationals. This report provides: an overview of developments; a Q&A on the key issues; the 15 action points; and further reaction from tax experts.

This chapter examines both Entrepreneur's Relief and Business Property Relief and looks at the planning and the pitfalls.