What We're Reading–MNE Tax

Asia-Pacific

Singapore updates guidance on law providing for nontaxation of gain on disposal of equity investments through 2027: Inland Revenue Authority of Singapore→

December 14, 2020

Africa

New Global Forum/ATAF toolkit helps countries set up and run exchange of information functions for tax purposes: OECD→

December 14, 2020

Americas

US makes additional corrections to regs (TD 9902) on income subject to a high rate of foreign tax: Federal Register→

December 11, 2020

Americas

US IRS corrects final regs (TD 9902) on income subject to a high rate of tax: Federal Register→

December 11, 2020

Africa

Professor presents findings of survey of high-ranking tax treaty negotiators: Yariv Brauner / SSRN→

December 11, 2020

Europe

EU tax haven blacklist listing procedures should be updated to screen EU states, improve listing and delisting transparency, toughen criteria, tax subcommittee concludes: European Parliament→

December 10, 2020

Europe

Netherlands resisting Russian proposal to amend tax treaty to increase withholding for dividends and interest to 15 percent: TASS→

December 9, 2020

88% of countries engaging in automatic exchange of financial account information have satisfactory legal frameworks, Global Forum peer review concludes: OECD→

December 9, 2020

Asia-Pacific

Hong Kong issues new guidance on tax concessions for ship leasing: Inland Revenue Department→

December 7, 2020

Europe

Portugal must recover State aid granted to companies through tax reductions in Madeira Free Zone because jobs not created in Madeira, as required, Commission concludes: European Commission→

December 7, 2020

Europe

EU Commission asks Italy to end corporate tax exemptions for ports, concludes rules grant illegal State aid: EU Commission→

December 7, 2020

Multinational

Report on consumption tax trends notes that most OECD countries have adopted recommended standards for collection of VAT on online sales from offshore vendors: OECD→

December 4, 2020

Asia-Pacific

India expected to challenge Vodafone’s arbitration award in dispute involving taxation of indirect transfer of assets: Timsy Jaipuria / cnbctv18.com→

December 4, 2020

Americas

A new EU-US joint agenda for global change should include fair taxation of digital economy, EU officials say: EU Commission→

December 2, 2020

Digital Economy

UN tax committee releases official report on outcome of 21st session: Committee of Experts on International Cooperation in Tax Matters→

December 2, 2020

Europe

Gabriel Zucman to head new European Tax Observatory: Sven Giegold→

December 2, 2020

Americas

France to request EU retaliation if US enacts trade sanctions in response to French digital services tax, Le Marie says: Reuters→

December 2, 2020

Africa

OECD toolkit helps developing country tax administrations satisfy confidentiality and data security requirements for automatic exchange of information with other countries: OECD→

December 2, 2020

Asia-Pacific

Australia defers due date for December country-by-country report filing: Australian Taxation Office→

December 1, 2020

Europe

Ireland updates tax manual to reflect updates to country-by-country reporting user guide and XML schema: Irish Tax and Customs→

November 30, 2020

Africa

Shell releases 2019 country-by-country report disclosing revenue, profits, tax paid in 98 countries: Shell.com→

November 30, 2020

Europe

Netflix to declare £1bn more UK tax revenue after think tank Tax Watch alleges avoidance: Mark Sweney / The Guardian→

November 30, 2020

Inclusive Framework on BEPS

Professor concludes that the OECD pillar one & two proposals would be significant reform that responds to identified flaws in the international tax system: Craig Elliffe / SSRN→

November 30, 2020

Asia-Pacific

Taiwan clarifies APA request procedures when taxpayer changes its business address after application submitted: Taiwan Ministry of Finance→

November 30, 2020

Asia-Pacific

Australia should change transfer pricing laws if Commissioner’s appeal of Glencore case is unsuccessful, former ATO deputy commissioner says: Jim Killaly / Tax and Transfer Policy Institute→

November 25, 2020

Americas

France cancels suspension of digital service tax collection, sends Facebook, Amazon, other large tech firms tax bills due in December: Reuters→

November 25, 2020

Africa

NGO report estimates annual corporate tax avoided per country, says USD 245 billion lost annually from MNEs shifting profits to tax havens: Tax Justice Network→

November 25, 2020

Americas

Janet Yellen is Biden’s choice for treasury secretary: Ben White / Politico→

November 25, 2020

Europe

Guernsey publishes updated MAP guidance: States of Guernsey Revenue Service→

November 23, 2020

Europe

Irish guidance addresses new VAT rules for cross-border business-to-consumer e-commerce activities: Tax and Duty Manual→

November 20, 2020

United States

US IRS releases 2020-21 priority tax guidance plan: US Department of Treasury→

November 18, 2020

Americas

Carol Doran Klein retires from USCIB, Rick Minor takes over as tax lead: USCIB→

November 18, 2020

Transfer Pricing

UAE launches country-by-country reporting platform: Gulf News→

November 17, 2020

Americas

US should amend tax rules providing that foreign funds that originate loans have effectively connected income because the policy if flawed and funds work around the rule anyhow, attorney argues: David S. Miller / Proskauer Rose LLP→

November 17, 2020

Europe

EU plans to revise energy taxation by next summer to promote reduced emissions, head of climate policy says: Kate Abnett / Reuters→

November 17, 2020

Europe

UK report evaluating research and development credit concludes that while the tax credit cost £2.4bn in 2017-18, it may have stimulated £5.8–£6.5bn of additional corporate spending: Georgia Scott & Tim Glinert / HM Revenue & Customs→

November 17, 2020

Europe

UK report evaluating patent box finds a 10 percent increase in investment by companies that using the tax incentive versus those that do not: Max Rowe-Brown & Huw James /HM Revenue & Customs→

November 17, 2020

Americas

US IRS again corrects final regs (TD 9909) limiting deduction for dividends from foreign corporations: Federal Register→

November 16, 2020

Americas

US IRS invites the public to recommend guidance that should be rescinded, modified, or waived to assist businesses and individuals recover from economic effects of COVID-19 pandemic: Federal Register→

November 16, 2020

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