What We're Reading–MNE Tax

Americas

Japan, Jamaica tax treaty to enter into force, ministry says

August 18, 2020

Japan’s Ministry of Finance today announced that the Japanese . . .

Americas

US makes minor corrections to final BEAT regs: Federal Register→

August 14, 2020

Asia-Pacific

Hong Kong updates tax guidance to reflect new laws on taxation of royalties, other IP income: Inland Revenue Department→

August 13, 2020

Airbnb backs OECD approach to digital services tax: Reuters→

August 13, 2020

Americas

US IRS corrects final regs on hybrid dividends and arrangements: Federal Register→

August 12, 2020

Asia-Pacific

Taiwan outlines procedure for obtaining tax treaty benefits, notes entry into effect of Czech-Taiwan tax treaty: Taiwan Ministry of Finance→

August 12, 2020

Americas

US IRS corrects proposed regs that adjust hybrid deduction accounts to reflect E&P of CFCs included in income by US shareholders: Internal Revenue Service→

August 11, 2020

Europe

Unilever would not move headquarters from Netherlands if Dutch Green’s proposal for ‘exit tax’ enacted: Reuters→

August 11, 2020

Europe

Given the outcome in the Apple case, EU should abandon the use of competition policy to fight tax avoidance, move instead toward destination-based income tax: Alan J Auerbach & Michael Devereux→

August 11, 2020

Multinational

OECD working paper concludes that, rather than being regressive, VAT is roughly proportional or slightly progressive in most of the 27 OECD countries examined: OECD→

August 11, 2020

Americas

US–Swiss competent authority arrangement implementing tax dispute arbitration published: Internal Revenue Service→

August 11, 2020

Asia-Pacific

Trump trade adviser Peter Navarro says tax incentives in Ireland, Singapore, Switzerland, India, China that lure pharmaceutical manufacturing away from US are a “significant” problem: Brian O’Donovan / RTÉ→

August 10, 2020

Cyprus

Russia seeks to update Netherlands, Cyprus, Malta, Luxembourg tax treaty to add 15 percent withholding tax on dividends and interest: Mohammad Ali / UrduPoint→

August 10, 2020

Asia-Pacific

Malaysia publishes guide on digital services tax for foreign service providers: Royal Malaysian Customs Department Internal Tax Division→

Asia-Pacific

China adopts integrated circuit, software industry incentives, including income tax exemptions and rate reductions, preferential VAT treatment, import tariff exemptions: China-Briefing→

Americas

Indonesia adds Facebook, TicTok, Amazon, Apple subsidiaries to list of foreign digital companies required to collect 10 percent VAT from customers beginning September: Eisya A. Eloksari / The Jakarta Post→

Asia-Pacific

UK guidance updated to state that France, Italy, Malaysia, Turkey taxes are similar to UK’s digital services tax for purposes of cross-border relief: HM Revenue and Customs→

Europe

UK asks for public feedback on benefits and risks of introducing tax on online sales of products or services: HM Treasury→

Americas

North Carolina announces voluntary transfer pricing resolution initiative: North Carolina Department of Revenue→

Multinational

OECD again updates listing of tax policy measures enacted in response to COVID-19: Twitter / OECDtax→

Asia-Pacific

Philippines President proposes corporate income tax rate cut from 30% to 25%, business tax incentives: Andreo Calonzo / Bloomberg→

Africa

New IGF, ATAF initiative seeks to improve mining sector taxation: Intergovernmental Forum on Mining, Minerals, and Sustainable Development→

Americas

District of Columbia to vote on bill expanding sales taxes to sales of advertising services, scope of tax unclear: LexisNexis→

Americas

DC Council rejects proposed advertising and personal information sales tax: LexisNexis→

Asia-Pacific

Indonesia guidance implements new rules imposing VAT on offshore e-commerce: KPMG→

Asia-Pacific

Hong Kong government adopts tax concessions for insurance sector: Inland Revenue Revenue Department→

Multinational

Professor identifies drawbacks of global minimum tax: Daniel Shaviro / SSRN→

Americas

Study finds US tax reform did not affect US taxation of foreign earnings, both domestic and international firms benefited from reduced taxation of domestic earnings: Scott Dyreng, Fabio B. Gaertner, Jeffrey L. Hoopes, Mary Vernon / SSRN→

Americas

US releases redesigned draft partnership tax form to clarify international tax reporting: Internal Revenue Service→

Europe

EU Commission exploring use of EU treaty Article 116 to force majority vote to remove national tax schemes that distort competition: Mehreen Khan & Sam Fleming / Financial Times→

Americas

US Republican and Democrat Senate leaders reiterate support for retaliatory tariffs on France if DST not repealed: The United States Senate Committee on Finance→

Americas

US imposes 25 percent tariff on USD 1.3b French luxury goods in retaliation for French DST but suspends tax for up to six months: Doug Palmer / Politico→

Multinational

The PCT, a joint IMF, OECD, UN, World Bank tax initiative, publishes 2020 progress report: Platform for Collaboration on Tax→

Europe

Dutch MEP Paul Tang expected to chair EU Parliament tax subcommittee: EURACTIV.com→

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Asia-Pacific

Australia claims Alcoa owes 921m (USD 640m) additional tax and interest in transfer pricing dispute, says alumina sales to Bahrain unit were underpriced: Brad Thompson / Financial review→

Americas

EU General Court should conclude that Apple branch’s stateless income should not be taxed in Ireland because assets, functions, risks not located there, Irish economist says: Seamus Coffey→

Europe

Germany won’t opt for six-month DAC6 reporting delay: Isabel Gottlieb / Bloomberg Tax→

Americas

US IRS issues guidance for consolidated groups regarding net operating losses: Internal Revenue Service→

Asia-Pacific

Oman deposits instrument of ratification of BEPS MLI: OECD→

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