What We're Reading–MNE Tax

Asia-Pacific

Offshore e-commerce suppliers of electronic services to Taiwan with annual sales over TWD 480,000 (USD 16,557) must register, tax office says: National Taxation Bureau of Taipei→

September 21, 2020

Cyprus

Cyprus implements EU directives on exit taxation and hybrid mismatches: Constantinos Pavlou / Eurofast→

September 18, 2020

Europe

EU Commission will announce whether it will appeal Apple/Ireland tax ruling closer to September 25 deadline for filing an appeal, Vestger says: Naomi O’Leary, Joe Brennan / Irish Times→

September 18, 2020

Digital Economy

UK regulations on overdue or overpaid digital services taxes published: Legislation.gov.uk→

September 18, 2020

Americas

US professors advocate increasing corporate tax rates to tax “economic rents”, the supersized returns that accrue to capital owners when companies enjoy market power or other non-reproducible advantages: Edward G. Fox & Zachary D. Liscow / SSRN→

September 18, 2020

Asia-Pacific

Tax Inspectors Without Borders, a joint OECD/UNDP initiative, has launched its first program in Kazakhstan: TIWB / Twitter→

September 17, 2020

Asia-Pacific

Asian Development Bank to launch hub to promote knowledge sharing and strengthen cooperation on tax policy and administration in Asia and Pacific regions: Asian Development Bank→

September 17, 2020

Multinational

Dutch multinational Philips to publish its country-by-country reporting data, Oxfam tax policy expert notes: Johan Bernardo Langerock / Twitter→

September 17, 2020

Europe

Guernsey updates economic substance regs relating to self-managed CIVs effective October 1: Government of Guernsey→

September 17, 2020

Asia-Pacific

Australia notes noncompliance with international dealings schedule disclosures regarding hybrid mismatches (question 49): Australian Taxation Office→

September 17, 2020

Digital Economy

EU will propose its own digital tax plan if global agreements “fall short of a fair tax system that provides long-term sustainable revenues,” President von der Leyen says: European Commission→

September 16, 2020

Europe

Russia considers RUB 90 billion (USD 1.2 billion) in tax increases, hitting tobacco and tripling the mineral extraction tax except on gold, diamonds, and coal extraction but adding oil extraction: Reuters→

September 16, 2020

Digital Economy

Spain aims to tax revenue of companies that provide communications services such as instant messaging and calls: Reuters→

September 15, 2020

Asia-Pacific

Indonesia, Australia agree to automatic exchange of tax information: Vietnam+→

September 15, 2020

Bulgaria

Bulgaria, Netherlands sign new tax treaty: The Sofia Globe→

September 14, 2020

Europe

EU countries lost about €140 billion VAT revenues in 2018, a marginal improvement over prior years, report concludes: European Commission→

September 14, 2020

Digital Economy

EU to propose digital tax by June 2021 if OECD process fails, official says: Valdis Dombrovskis / EU Commission→

September 14, 2020

Americas

Pillar 2 is a big threat to Bermuda re/insurers, trade group rep says: Intelligent Insurer→

September 14, 2020

Europe

UK asks for feedback by November 20 on proposed changes to rules on VAT groups: HM Treasury→

September 14, 2020

Multinational

Not all forms of legal tax planning are socially legitimate; corporations should pay their fair share, develop tax codes of conduct, provide tax transparency, researcher argues: Ave-Geidi Jallai / SSRN→

September 14, 2020

Asia-Pacific

Indonesia, Australia sign agreement to exchange tax information: The Jakarta Post→

September 11, 2020

Americas

Biden pledges to immediately reverse corporate tax cuts, raising rates to 28% from 21%: Joseph Zeballos-Roig / Business Insider→

September 11, 2020

Americas

Deriving receipts from New Jersey sources does not give foreign corporate limited partner nexus for corporate business tax purposes, court says: Eversheds Sutherland→

September 11, 2020

G20

G20 should encourage better design of tax expenditures that have implications for international trade, authors say: Agustín Redonda, Facundo Calvo, Gilles Carbonnier, Irma Mosquera Valderrama, Rahul Mehrotra, Robert Koopman / Think20→

September 11, 2020

=

Europe

Poland to offer additional tax breaks for investments in automation or training employees to operate robots: The First News→

September 11, 2020

Europe

EU Commission will assess EU General Court’s Apple ruling, including burden of proof issue, before deciding next steps for other State aid tax challenges: Margrethe Vestager for European Commission / European Parliament→

September 11, 2020

International Monetary Fund

MNE tax system is failing because it is incompatible with increasing global business integration, digitalization, services and intangibles trade, IMF author says: Shafik Hebous / International Monetary Fund→

September 11, 2020

Americas

France says US blocking global digital tax talks: Reuters→

September 10, 2020

Americas

US candidate Biden proposes 10% surtax on foreign affiliate sales to US customers, 10% tax credit for investment in US facilities or jobs, anti-inversion rules, doubling GILTI tax rate, country-by-country GILTI calculation: Daniel Bunn / Tax Foundation→

September 9, 2020

Cyprus

Cyprus, Russia sign tax treaty protocol increasing dividend and interest payment withholding to 15 percent: Cyprus Ministry of Finance→

September 9, 2020

Multinational

PCT extends deadline for comments on tax treaty negotiation toolkit to September 24: Platform for Collaboration on Tax→

September 9, 2020

Europe

Russia finance ministry plan would increase oil sector taxes by 143 billion rubles ($1.9 billion) over 2 years: Energyworld→

September 8, 2020

Europe

To cover coronavirus spending, UK considers increasing corporate tax rate from 19% to 24%, capital gains tax hike, reducing pension contribution incentives: Reuters→

September 8, 2020

Asia-Pacific

Australian guidance addresses treatment of capital gains in computing foreign income offset limit: Australian Taxation Office→

September 8, 2020

Europe

Sweden proposes to ban deductions for interest paid to companies located in countries on EU noncooperative jurisdiction list, apply stricter CFC rules for subsidiaries located in noncooperative jurisdictions: Regeringskansliet (in Swedish)→

September 8, 2020

Americas

US priority tax guidance plan 3rd quarter update does not list any new international tax projects: US Department of the Treasury→

September 8, 2020

Americas

OECD publishes report on tax policy reforms enacted both before and after COVID-19 in 37 OECD member countries plus Argentina, China, Indonesia, South Africa: OECD→

September 4, 2020

Asia-Pacific

Singapore advance ruling addresses tax issues relating to foreign partnership: Inland Revenue Authority of Singapore→

September 4, 2020

Asia-Pacific

Singapore summarizes advance ruling on tax treatment of distributions from subordinated perpetual securities: Inland Revenue Authority of Singapore→

September 4, 2020

RECENT COMMENTS

Khaled Al Zaabi on Spanish government proposes digital services tax: “We are seeking assistance with Digital Assets and International Tax Consulting to help Abu Dhabi UAE Oil Company navigate the…” October 24 ,2024
Emma Hinson Sims on The Pillar One blueprint — the potential future of international taxation and transfer pricing: “HAPPY BIRTHDAY TO A VERY SMART, BEAUTIFUL, YOUNG LADY ON JANUARY 13TH.” January 6 ,2024
David Valdez on US Tax Court resolves Whirlpool tax dispute involving Mexican maquiladora structure: “Greetings Whirlpool Mexico, I’m trying to contact someone involved with the decision making for transportation from all of your Mexican…” October 20 ,2023
Jose Dominguez on The new US international tax rules: what you need to know about GILTI, FDII, BEAT etc.: “Very informative article. Question. Do you have a software to compute these US International Calcs to make them in house?” April 12 ,2023
Ciro César Soriano de Oliveira on Danish High Court rules on beneficial ownership of dividends for tax purposes: “Dear Ms Susi, This article is immensely clarifying. I’d like to know whether Danish Supreme Court has already granted its…” March 24 ,2023

Copyright © 2021. DISCLAIMER: The information provided herein is general and may not be applicable in all situations. It should not be acted upon without legal advice accounting for a particular situation.