What We're Reading–MNE Tax

Czech Republic

Czech government approves 7% digital tax, measure to be considered by parliament: Reuters→

November 19, 2019

Europe

Ireland study shows €10 billion increase in corporate tax receipts in 2018 largely due to increased corporate profitability, with almost 80% of receipts from pharmaceutical, technology, and finance sectors: Ireland Department of Finance→

November 18, 2019

Africa

BRICS countries look forward to further progress on two-pillar approach to address digitalization: BRICS Information Centre→

November 18, 2019

Digital Economy

OECD official disputes Professor Christians’s assertion that “unified approach” aims to shut down discussion of proposals contrary to powerful countries’ interests, says goal is to find common ground among countries: Ben Dickinson / ICTD→

November 18, 2019

Asia-Pacific

G-24 opposes OECD Secretariat’s Pillar One compromise, seek greater allocation of profits to market and no exclusion for B2B transactions: Gireesh Chandra Prasad / Livemint→

November 15, 2019

Algeria

Costa Rica issues new transfer priccing documentation guidelines: KPMG→

November 15, 2019

Europe

German finance ministry approves reporting obligation for cross-border tax: Federal Ministry of Finance→

November 12, 2019

Americas

United States: OMB review completed for final BEAT regs: KPMG→

November 12, 2019

Europe

Netherlands, UK liable for overseas territories’ unpaid customs duties, EU court concludes: The Daily Herald Newspaper St. Maarten→

November 6, 2019

Asia-Pacific

India dissatisfied with share of revenues from digital tax proposal, unnamed official says: Deepshikha Sikarwar / The Economic Times→

November 6, 2019

Digital Economy

OECD-led global tax rewrite poised to ignore interests of small market, low-income countries, academics say: Allison Christians & Tarcisio Diniz Magalhaes→

November 6, 2019

Asia-Pacific

Cambodia parliament ratifies tax treaty with Hong Kong: Xinhua News→

November 4, 2019

Americas

Ukrainian Parliament ratifies FATCA agreement with US: 112 UA→

October 31, 2019

Europe

UK Labour Party may champion formulary apportionment, MP says: The Labour Party→

October 30, 2019

Europe

UK tax authority scrutiny of Airbnb intracompany transactions may lead to litigation, company says: James Graham / BBC News→

October 30, 2019

Digital Economy

Vestager says Europe should have its own digital tax if global agreement fails, praises countries that adopt unilateral measures: Laura Kayali, Simon Van Dorpe, & Thibault Larger / Politico→

October 30, 2019

Europe

Jim Harra permanently appointed HMRC secretary and chief executive: Beckie Smith / Civil Service World→

October 29, 2019

Americas

US House passes bipartisan bill requiring companies to report ownership to federal government but exempts large or publicly traded companies: Steve Wamhoff / Fact Coalition→

October 29, 2019

Americas

US’s LB&I should change its approach to the selection of audit campaign issues, oversight agency says: Treasury Inspector General for Tax Administration→

October 28, 2019

Americas

BVI releases final rules on economic substance: British Virgin Islands International Tax Authority→

October 28, 2019

Africa

OECD’s Pillar One proposal could be first step toward shift in taxing rights to destination countries: Michael Devereux / University of Oxford→

October 23, 2019

Asia-Pacific

Australia addresses implementation of rule requiring entities to align asset value for thin cap purposes with financial statement value: Australian Taxation Office→

October 23, 2019

Digital Economy

Digital services taxes rightly focus on location-specific rents, could improve global efficiency and distribution, NYU law professor argues: Daniel Shaviro / SSRN→

October 19, 2019

Digital Economy

OECD report to G20 ministers addresses tax challenges of digitalization and pillar one unified approach: OECD→

October 19, 2019

Americas

US could still retaliate in response to French digital tax despite earlier suggestions of compromise: Bloomberg Tax→

October 17, 2019

Belgium

Belgian Council of Ministers approves law on reporting of cross-border tax schemes and exchange of information with EU states: Belgium government→

October 17, 2019

Africa

Nigeria to introduce e-filing for transfer pricing related returns: PwC→

October 16, 2019

Carbon Tax

Study assesses energy and carbon taxes in OECD and G20 countries and in international aviation and maritime transport, makes recommendations: OECD→

October 15, 2019

Digital Economy

Italy still plans to implement 3 percent “web tax” on large digital firms in 2020, minister says: Giuseppe Fonte / Reuters→

October 15, 2019

Europe

Guernsey sets out additional information required on tax return to establish economic substance: States of Guernsey Revenue Service→

October 15, 2019

Carbon Tax

IMF says immediate global carbon tax needed to prevent climate change: International Monetary Fund→

October 13, 2019

Africa

African countries support OECD pillar one unified approach with carve-out for commodities and extractives, Amount B fixed minimum remuneration: African Tax Administration Forum→

October 13, 2019

Asia-Pacific

Australia defers expansion of reportable tax position filing to large private companies until 2020-21 financial year: Australian Taxation Office→

October 13, 2019

Americas

Cayman Islands to introduce public register of beneficial ownership: Cayman Islands→

October 11, 2019

Americas

Bipartisan US Senate bill would require reporting on beneficial ownership information: Joseph Moreno / Cadwalader Cabinet→

October 11, 2019

Americas

US IRS issues 2019-2020 priority guidance plan: US Department of Treasury→

October 10, 2019

Africa

Angola: VAT introduced October 1 replacing consumption tax: Macauhub→

October 8, 2019

Asia-Pacific

Australian Taxation Office seeking full bench appeal of Glencore transfer price decision: Tom McIlroy / Financial Review→

October 7, 2019

Digital Economy

Allocation of greater taxing rights to both location of employment and sales is preferable to OECD pillar one approach, which harms low-income countries, writer say: Alex Cobham, Tommaso Faccio, Valpy FitzGerald→

October 7, 2019

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.