What We're Reading

Asia-Pacific

China’s new plan for Haina free-trade port includes reduced 15 percent CIT, exemption for foreign-source dividend income: KPMG→

July 7, 2020

Europe

UK says Big Four must separate auditing and consulting practices by 2024 but can share the same parent company: Financial Reporting Council→

July 7, 2020

Asia-Pacific

Kazakhstan parliament approves bill applying VAT to foreign company sales of goods or services to individuals: KPMG→

July 6, 2020

Europe

Ireland extends DAC6 reporting requirement by six months: Irish Tax and Customs→

July 6, 2020

Americas

US has not pulled out of digital tax talks, OECD’s Gurria says: Leigh Thomas / Reuters→

July 1, 2020

Americas

BVI economic substance and beneficial ownership reporting portal goes live: Virgin Islands International Tax Authority→

July 1, 2020

Europe

German parliament approves VAT rate cut to 16 percent: Reuters→

June 30, 2020

Multinational

OECD updates database of country tax policy measures in response to the COVID-19 crisis: OECD→

June 30, 2020

Americas

US tax icon Ed Kleinbard dies after decades of public service, tax scholarship: Paul Caron / TaxProf Blog→

June 30, 2020

Belgium

Belgium parliament digital tax hearing considers effect of reforms on patent box, features negotiation update by Pascal Saint Amans: Johan Bernardo Langerock / Twitter→

June 30, 2020

Europe

Ireland extends DAC6 reporting deadlines to September 30 consistent with EU agreements: Irish Revenue→

June 29, 2020

Europe

Netherlands confirms extension of DAC6 rules: Mehdi el Manouzi / Twitter→

June 26, 2020

Digital Economy

BIAC reiterates commitment to OECD project to address the tax challenges of the digitalization of the economy: Business at OECD→

June 26, 2020

Americas

US Senators Durbin and Doggett introduce bill to prevent inverted US companies from benefiting from federal COVID-19 assistance: Senator Dick Durbin→

June 25, 2020

Europe

Netherlands to deny COVID-19 aid to companies located in low-tax countries or that make royalty or interest payments to low tax countries: Government of Netherlands→

June 24, 2020

Africa

Finland funds ATAF effort to strengthen African tax systems: African Tax Administration Forum→

June 24, 2020

Asia-Pacific

Kazakhstan deposits BEPS MLI instrument of ratification with OECD, becoming 48th country to join: OECD→

June 24, 2020

Americas

Canada-Madagascar tax treaty enters into force: Government of Canada→

June 24, 2020

Africa

Zambia terminates tax treaty with Mauritius: Chris Phiri / Zambia Reports→

June 24, 2020

Asia-Pacific

Malaysia publishes FAQs on treatment of APAs during COVID-19 pandemic: Inland Revenue Board of Maalysia→

June 23, 2020

Americas

OECD-led rewrite of international tax rules should not be rushed given COVID-19, US tax-writing lawmakers say: The United States Senate Committee on Finance→

June 19, 2020

International Monetary Fund

PCT to run workshops on toolkits for tax authorities: Platform for Collaboration on Tax→

June 19, 2020

Asia-Pacific

Oman restructures tax offices, adds anti-tax avoidance unit: Conrad Prabhu, Oman Daily Observer / Zawya→

June 17, 2020

Americas

US has abandoned negotiations with EU on digital tax, proposes pausing OECD-led negotiations, US officials say: Andrea Shalal / Reuters→

June 17, 2020

Digital Economy

UN tax committee’s digital economy work should address PE, income allocation issues: BEPS Monitoring Group→

June 17, 2020

Americas

Mexico proposal would temporarily reduce VAT from 16 percent to 10 percent: KPMG→

June 16, 2020

Americas

OECD’s Gurría warns of trade wars should digital tax deal fail: BBC News→

June 12, 2020

Americas

US continues to block digital tax agreement, French minister says: Isabel Gottlieb / Bloomberg Tax→

June 12, 2020

Asia-Pacific

Hong Kong updates guidance on taxation of financial instruments, foreign exchange differentials→

June 12, 2020

Council of the European Union

EU compromise gives states the option to delay DAC6 reporting by six months: KPMG→

June 10, 2020

Europe

Malta updates consolidated group rules: Office of the Commissioner for Revenue→

June 10, 2020

Europe

Ireland updates guidance on allowances for scientific research: Tax and Duty Manual→

June 10, 2020

Czech Republic

Czech ruling coalition agrees to 5% digital tax on large firms: Reuters→

June 10, 2020

Europe

Professors argue that digital service taxes violate EU law but cite recent ECJ cases that suggest that the court will not strike them down: Ruth Mason & Leopoldo Parada / SSRN→

June 10, 2020

Europe

Matti Vanhanen appointed Finland Minister of Finance: Finland Ministry of Finance→

June 9, 2020

Americas

Professor advocates worldwide digital tax based on country-specific income thresholds but subject to a worldwide de minimis amount: Assaf Harpaz / SSRN→

June 8, 2020

Asia-Pacific

South Korea auditing Starbucks’ tangible asset and service transaction transfer pricing: Hankyoreh→

June 8, 2020

Asia-Pacific

Malaysia explains tax incentives for life sciences companies: Inland Revenue Board of Malaysia→

June 5, 2020

Asia-Pacific

Thailand signs Multilateral Convention on Mutual Administrative Assistance in Tax Matters: OECD→

June 3, 2020

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