What We're Reading

Americas

Mexico SAT settles nine large MNE’s pre-2019 tax bills, seeks additional tax from six more MNEs, to audit law firms promoting aggressive structures: The Yucatan Times→

June 3, 2020

Europe

EU considering new corporate tax on less than .2 percent of turnover to aid States harmed by coronavirus: Reuters→

June 3, 2020

Americas

Spain says digital tax uses objective criteria, won’t discriminate against US MNEs: Reuters→

June 3, 2020

Asia-Pacific

New Malaysian guidelines clarify tax rules for determining “place of business”: LHDN Malaysia→

June 2, 2020

Europe

Ireland postpones dividend withholding tax real-time reporting for dividend distributions: Irish Revenue→

June 2, 2020

Digital Economy

EU to again propose digital tax if OECD talks fail, economy commissioner says: Bloomberg Tax→

June 2, 2020

Asia-Pacific

Tax guidance addresses mischaracterized arrangements and schemes connected with foreign investment into Australian entities: Australian Taxation Office→

May 29, 2020

Asia-Pacific

Thailand offers tax incentives to promote foreign investment: KPMG →

May 27, 2020

Americas

Canada addresses COVID-19 travel restrictions’ effect on tax residency, PEs: KPMG→

May 27, 2020

Europe

Following similar decisions by other EU states, Scotland bans COVID-19 support to firms based in tax havens: Severin Carrell / The Guardian→

May 27, 2020

Americas

IRS corrects foreign tax credit regs: Internal Revenue Service→

May 21, 2020

Asia-Pacific

Philippine senator proposes tax on digital content, advertising, online marketplaces: The Star→

May 21, 2020

Asia-Pacific

Hong Kong government advances Hong Kong-Macao tax treaty: Inland Revenue Department→

May 20, 2020

Asia-Pacific

Australia updates GAAR guidance: Australian Taxation Office→

May 20, 2020

Costa Rica

OECD invites Costa Rica to join as 38th member: OECD→

May 20, 2020

Americas

US and lawmakers and officials to propose tax breaks to encourage companies to move operations out of China: Reuters→

May 20, 2020

Asia-Pacific

Saudi Arabia to triple VAT rate to 15 percent, suspend cost of living allowance: BBC News→

May 15, 2020

Polish government issues Q&A on APA procedure: Krajowa Administracja→

May 13, 2020

Asia-Pacific

Synthesized text of Australia-Norway tax treaty as modified by BEPS MLI published: Australian Taxation Office→

May 13, 2020

Americas

Professor says US should impose excess profits tax on companies that profit greatly from coronavirus: Reuven S. Avi-Yonah / SSRN→

May 12, 2020

Denmark

EU Commission spokesperson says states can’t deny COVID-19 relief to firms headquartered in tax havens: Nikolaj Nielsen / euobserver→

May 8, 2020

Americas

US professor predicts impact of COVID-19 on short and long term US tax policy: Reuven S. Avi-Yonah / SSRN→

May 8, 2020

Americas

Lawmaker introduces bill to treat investment in US territories as domestic rather than foreign under GILTI rules: Stacey E. Plaskett (D-USVI)→

May 6, 2020

Americas

US IRS corrects PFIC regs: Federal Register→

May 6, 2020

Asia-Pacific

US Chamber, 8 other lobbying groups urge India to delay equalisation levy: Aditya Kalra / Reuters→

May 6, 2020

Digital Economy

Professor estimates pillar 1 amount A amounts based on OECD forumla: Allison Christians / SSRN→

May 5, 2020

Americas

Colombia officially joins OECD as 37th member: Modern Diplomacy→

May 4, 2020

Asia-Pacific

US trade report says India’s equalisation levy impedes trade, risks retaliation: Kirtika Suneja / The Economic Times→

April 29, 2020

Inclusive Framework on BEPS

Professor argues that BEPS project altered international tax decisionmakers, agenda, norms, legal forms allowing current action on allocation issues: Ruth Mason / SSRN→

April 29, 2020

Europe

Synthesized text Ireland-Lithuania tax treaty as amended by MLI released: Irish Revenue→

April 29, 2020

Asia-Pacific

Synthesized text of Ireland-Singapore tax treaty as amended by MLI released: Irish Revenue→

April 29, 2020

Americas

Former IRS APMA Director Dick McAlonan Joins Alvarez & Marsal Taxand’s Washington DC office: Alvarez & Marsal Taxand→

April 29, 2020

Poland planning 1.5 percent surcharge on video-on- demand revenue, minister says: Reuters→

April 29, 2020

Asia-Pacific

Pakistan income tax collection from services falls 20 percent in March: Shahnawaz Akhter / The News→

April 28, 2020

Denmark

France joins Denmark and Poland in barring firms headquartered in tax havens from coronavirus support measures: Bill Bostock / Business Insider→

April 26, 2020

Europe

15 professors advocate shifting power to tax to the EU level in response to coronavirus crisis: EU Law Live→

April 22, 2020

CIAT

Updated summaries (April 21) of tax administration responses to COVID-19 published: CIAT, IOTA & OECD→

April 22, 2020

Europe

EU publishes notice to stakeholders outlining how UK’s EU withdrawal affects VAT for goods after December 31: European Commission→

April 22, 2020

Asia-Pacific

China temporarily halts interest on late import tax payments for foreign firms operating in special economic zones: Bloomberg Tax→

April 22, 2020

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