Europe
Japan, Iceland to negotiate tax treaty
The governments of Japan and Iceland will initiate negotiations for. . .
Japan, Russia agree to new tax treaty
Japan and Russian will sign a new tax treaty, Japan’s Ministry of Finance has announced. The two countries have . . .
Seamus Coffey to head Ireland’s Fiscal Advisory Council
Seamus Coffey has been appointed Chairperson of the Irish Fiscal Advisory Council, the . . .
Latvia-Cyprus tax treaty enters into force
A tax treaty between Cyprus and Latvia has entered into force, Cyprus’s Ministry. . .
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 . . .
Japan-Austria tax treaty negotiations commence
The governments Japan and Austria will negotiate amendments to their 50+ year old tax treaty, Japan’s. . .
EU court denies Belgium’s request to suspend State aid decision on excess profit tax ruling regime
The EU General Court of Justice on July 19 dismissed Belgium’s application to temporarily suspend an EU Commission decision that concludes that Belgium’s excess profits tax ruling system granted illegal State aid . . .
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 . . .
Japan to begin tax treaty negotiations with Latvia
The governments of Japan and Latvia intend to begin negotiations to conclude a tax treaty, Japan’s . . .
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 . . .
UK’s HMRC rejects allegation that Google got a special deal in tax settlement
The UK’s HM Revenue and Customs on February 9 denied that Google received a “sweetheart deal” in a settlement that allowed the company to pay £130 million (USD 185 million) to resolve ten years of back taxes. The settlement, announced by Google on . . .
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 . . .
EU adopts directive halting multinational tax avoidance through hybrid mismatches with third countries
Davide Anghileri of the University of Lausanne writes about today’s decision by the Council of the European Union to adopt a directive regarding hybrid mismatches with third countries, known as ATAD 2 . . .