What We're Reading

Africa

Denmark denies coronavirus aid to companies registered in countries on EU list of noncooperative tax jurisdictions: Nikolaj Skydsgaard / Reuters→

April 21, 2020

Africa

US tax policy nonprofit tracks worldwide COVID-19 tax relief: Tax Foundation→

April 17, 2020

New OECD report addresses how tax and fiscal policy can respond to coronavirus crisis: OECD→

April 16, 2020

Digital Economy

COVID-19 will affect developing nations’ role in global digital tax negotiations: Rasmus Corlin Christensen / ICTD→

April 15, 2020

Asia-Pacific

Japan’s cabinet approves nearly $1 tril. yen (USD 990 billion) coronavirus package which includes some tax relief for business: Kyodo News→

April 14, 2020

Europe

Finland extends tax filing deadlines by one month: Vero Skatt→

April 14, 2020

Austria

Austria suspends deadlines for proceedings relating to tax offences to May: Federal Ministry Republic of Austria Finance→

April 14, 2020

Americas

US IRS Rev. Proc. addresses how to file CARES Act elections for NOL carryback, carryforward: US Treasury→

April 13, 2020

Americas

US IRS exends time to file application for tentative carryback adjustment for NOLs: US Treasury→

April 13, 2020

Asia-Pacific

Australian Taxation Office assesses Rio Tinto AUD $86.1m (USD 53.6m) for 2010–2016 alleging it sold underpriced aluminum to Singapore marketing hub: Peter Ker / Financial Review→

April 8, 2020

Africa

ATAF suggests response measures African tax officials can take in response to COVID-19: African Tax Administration Forum→

April 8, 2020

Africa

Seychelles releases country-by-country reporting notification forms for constituent entity, ultimate parent entity: Seychelles Revenue Commission→

April 7, 2020

Americas

US IRS updates web page providing an overview of the MAP process: Internal Revenue Service→

April 2, 2020

Europe

Ireland’s tax revenues may not drop despite coronavirus slowdown because receipts from MNEs in manufacturing, ICT, finance sectors may hold steady or even rise, economist says: Seamus Coffey (@seamuscoffey) / Twitter→

March 31, 2020

Europe

Italian politicians rebuke Netherlands over opposition to EU emergency aid, say Dutch corporate tax regime siphoned money away from EU states that could have helped: Zack Newmark / NL Times→

March 31, 2020

Multinational

OECD Forum on Tax Administration document sets out country actions taken to support taxpayers during coronavirus emergency: OECD→

March 31, 2020

Asia-Pacific

Turkey 7.5 percent digital services enters into force: KPMG→

March 23, 2020

Asia-Pacific

Australia releases synthesized text of tax treaty with Canada as amended by the MLI: Australian Taxation Office→

March 20, 2020

Americas

US extends tax filing and payment deadline for individuals and businesses to July 15: @stevenmnuchin1 / Twitter→

March 20, 2020

Americas

US passes COVID-19 relief law which includes tax credits for paid sick, family, medical leave: Congress.gov→

March 20, 2020

Europe

Luxembourg to extend tax payment deadlines in response to COVID-19 pandemic: The Luxembourg Government→

March 20, 2020

Americas

Jamaica offers tax credits as fiscal stimulus response to the COVID-19: Jamacia Ministry of Finance & Public Service→

March 20, 2020

Europe

Isle of Man to extend tax payment and filing deadlines for business on a case-by-case basis in response to Coronavirus emergency: Isle of Man→

March 20, 2020

Americas

Canada defers payment of income tax for businesses, defers SME audits, in response to COVID-19: Government of Canada→

March 20, 2020

Asia-Pacific

Australia increases the number of data validations required before computer system accepts country-by-country reports: Australian Taxation Office→

March 20, 2020

Asia-Pacific

Australia updates guidance on interpreting tax treaties: Australian Taxation Office→

March 20, 2020

Europe

Norway adjusts loss carryback and VAT rules, postpones tax payments, in response to COVID-19: KPMG→

March 19, 2020

Americas

Responding to COVID-19 pandemic, US postpones income tax payment due date to July 15 for up to 1 million in tax, filing due date unchanged: Internal Revenue Service→

March 18, 2020

Europe

Iceland plans to extend tax deadlines, may reduce taxes in response to COVID-19 epidemic: Government of Iceland→

March 18, 2020

Europe

Ireland announces tax measures to help SMEs experiencing cash flow difficulties from COVID-19: Irish Tax and Customs→

March 18, 2020

Asia-Pacific

New Zealand proposes tax measures in response to COVID-19 outbreak: New Zealand Inland Revenue→

March 18, 2020

Asia-Pacific

UAE announces tax relief in response to coronavirus: KPMG→

March 18, 2020

Asia-Pacific

Australia changes instant asset write off threshold, accelerates depreciation, defers tax payments in response to coronavirus emergency: Prime Minister of Australia→

March 18, 2020

Americas

US releases 2nd quarter update to priority tax guidance plan: US Department of Treasury→

March 16, 2020

Europe

Gibraltar issues MAP Guidance: Gibraltar Income Tax Office→

March 11, 2020

Americas

Maryland Senate passes digital advertising tax bill: James M. Cain, Ben Marzouk / Eversheds Sutherland→

March 9, 2020

Americas

Maryland’s proposed digital advertising tax draws criticism at hearing: Eversheds Sutherland→

March 5, 2020

Europe

Irish minister says he still needs to be convinced of the need for a coordinated minimum tax on multinational group income: Minister Paschal Donohoe / Irish Tax Institute→

March 4, 2020

Europe

EU General Court to this week hear Amazon challenge to EU Commission finding’s that Luxembourg tax ruling granted State aid: Foo Yun Chee / Reuters→

March 4, 2020

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