Europe
United Kingdom
Americas
Europe
Americas
EU finance ministers blast US international tax reform proposals
Finance ministers from Italy, Germany, France, the UK, and Spain have written to US Treasury Secretary Steven Mnuchin warning that provisions in the US tax reform bill contravene the US’s tax treaty and World Trade Organizations (WTO) obligations as well as international agreements reached under the OECD/G20 base erosion profit shifting (BEPS) plan. The ministers – Italy’s Pier Carlo Padoan, Germany’s . . .
Europe
Europe
Americas
UK-Uruguay tax treaty enters into effect
The new UK-Uruguay tax treaty has entered into effect, the UK’s Foreign & Commonwealth Office announced . . .
Europe
Europe
UK country-by-country reporting guidance published
The UK’s HM Revenue & Customs (HMRC) today published a policy paper titled “Amendments to Country By Country reporting 2017” and an updated policy. . .
Europe
Jeremy Cape joins Squire Patton Boggs, London
Squire Patton Boggs has today announced that UK international and Africa tax expert, Jeremy Cape, has joined the firm as a partner. Cape will join the firm’s Tax Strategy . . .
Europe
Europe
Europe
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 . . .
Europe
Europe
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 . . .
Austria
Asia-Pacific
Europe
Europe
Europe
Europe
UK to extend country-by-country tax reporting to partnerships
The UK’s HM Revenue and Customs today announced that it will propose amendments to existing country-by-country reporting regulations applicable to large multinational enterprises to add . . .
Europe
Asia-Pacific
Americas
Europe
Belarus
Europe
Europe
Liz Truss appointed UK chief secretary of the Treasury
Former Justice Secretary Liz Truss has replaced David Gauke as the UK chief secretary of the Treasury. . .
Europe
Europe
UK government proposes tougher withholding tax rules for royalties paid to nonresidents
Anne Fairpo of Temple Tax Chambers discusses proposed UK tax law changes that would subject more categories of royalty payments to withholding tax . . .
Europe
Europe
United Kingdom
Europe
Europe
Europe
EU Commission investigating UK controlled foreign corporation law for State aid violation
The European Commission has opened an in-depth State aid investigation into the UK’s controlled foreign company (CFC) tax laws applicable to multinationals, specifically, the CFC rules’ group financing exception. The group financing exception to the CFC rules, added in 2013, is applicable to multinationals . . .
Americas
Countries targeted US companies in BEPS project to increase tax revenue, US Treasury official charges
Countries participating in the OECD/G20 base erosion profit shifting (BEPS) project sought to rewrite international tax rules for the digital economy and for intellectual property to increase their tax take at the expense of the United States, Robert Stack, Treasury deputy assistant secretary. . .
Europe
