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US, Bahrain sign Model 1 FATCA IGA
The US Treasury Department today updated its FATCA website, reporting that Bahrain and the US signed a Model 1 intergovernmental . . .
Americas
US, Grenada sign Model 1 FATCA IGA
The US Treasury Department has updated its FATCA website, reporting that Grenada and the US have signed a Model 1 intergovernmental . . .
Africa
Multinationals asked to assess MAP tax dispute resolution in US, UK, Belgium, Canada, Netherlands, Switzerland
The OECD has today asked international business to report grievances about the mutual agreement procedure (MAP) for resolving cross-border tax disputes in the US, UK, Belgium, Canada, Netherlands, and Switzerland. The OECD seeks responses to a . . .
Americas
IRS’s “no rule” list updated to allow private tax rulings on distributions of stock of controlled corporations
The US IRS today updated its “no rule” list of topics that the agency will not ordinarily address in private letter rulings or determination letters, taking two issues off the list that relate to distributions of stock of controlled corporations under . . .
Americas
IRS says Facebook’s valuation of IP transfer to Ireland may have been understated by billions of dollars
A US Department of Justice lawsuit filed in Federal court on Wednesday reveals that the IRS believes that Facebook may have significantly undervalued a transfer of intellectual property . . .
Americas
More multinationals applying for US advance pricing agreements, statistics show
The US IRS on March 31 released statistics on the performance of the IRS’s Advance Pricing Mutual Agreement Program (APMA), revealing that taxpayers submitted . . .
Asia-Pacific
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US has agreed to country-by-country tax info exchange with 11 countries, OECD says
The United States has so far put in place 11 bilateral competent authority arrangements for the automatic exchange of country-by-country reports, the OECD reported a June 22 release. The US now has . . .
Americas
Amazon wins $1.5 billion transfer pricing dispute in US Tax Court
Amazon.com Inc on March 23 won a US Tax Court case, fending off IRS transfer pricing adjustments relating to payments under a cost-sharing agreement (CSA) with a Luxembourg subsidiary. The transfer pricing adjustments would have increased. . .
Americas
Americas
Mnuchin sworn in as US Treasury Secretary
Steven T. Mnuchin was sworn in to serve as US Secretary of the Treasury on February 13. In this capacity, Mnuchin will be the principal. . .
Americas
US IRS issues FATCA regulations, updates agreements for FFIs, QIs
The US IRS in late December issued a slew of FATCA guidance, including updated agreements for foreign financial institutions and qualified intermediaries (QIs). Included in the release were . . .
Americas
WTO ruling prohibits Boeing’s Washington State tax break: BBC News→
See: BBC News. More: CBS News, Wall Street Journal, Seattle Times. Original Source: WTO.
Americas
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Japan, Panama sign tax information exchange agreement regarding Panama City
In an effort to combat tax evasion, Japan and Panama have signed a tax information exchange agreement relating to tax matters in Panama City, Japan’s . . .
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American Samoa
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