What We're Reading

Asia-Pacific

Norway disallows Telenor losses claimed upon settlement Indian subsidiary’s bank guarantees: Reuters→

August 26, 2019

Asia-Pacific

Kyocera pays ¥300 m (USD 2.8m) back taxes for not declaring income Singapore subsidiary income: Jiji Press / The Japan News→

August 26, 2019

Americas

NJ says GILTI, FDII added to general business income apportionment factor, sourced as “other business receipts”: Stephen P. Kranz & Kathleen M. Quinn / Inside SALT→

August 26, 2019

Americas

US to raise existing tariffs on Chinese goods from 25% to 30% from Oct. 1; raise tariffs set for Sept. 1 from 10% to 15% in retaliation for Chinese tarrifs: Jacob Pramuk / CNBC→

August 26, 2019

Americas

China announces new tariffs of 5–10 percent on $75 billion worth of US goods, resumption of auto tariffs: Yum Li / CNBC→

August 23, 2019

Africa

Google warns Kenya lawmakers that digital tax could provoke US trade war: Lynet Igadwah / Business Daily→

August 22, 2019

Europe

Malta publishes patent box rules for IP consistent with qualified nexus approach: Malta Institute of Taxation→

August 20, 2019

Americas

Discussion of France and UK digital tax expected to dominate G7 finance ministers meeting: France 24→

July 17, 2019

Asia-Pacific

New Zealand government special report addresses GST on low-value imported goods: Policy and Strategy, Inland Revenue→

August 20, 2019

Americas

UK must scrap DST for US to negotiate trade deal, US officials warn: Ben Riley-Smith / The Telegraph→

August 6, 2019

Europe

UK and Gibraltar commence tax treaty negotiations: Vox→

July 17, 2019

Americas

Apple’s appeal in USD 14.4 b EU State Aid dispute over Irish tax ruling to be heard by EU General Court in September: Stephanie Bodoni / Bloomberg→

August 20, 2019

Asia-Pacific

China’s planned Shanghai free trade zone to feature 15 percent income tax rate for qualified business: Xinhua→

August 6, 2019

Multinational

Professor argues that OECD Model’s new “saving clause” conflicts with Article 23 entitlement to double tax relief: Leopoldo Parada / SSRN→

July 10, 2019

Europe

UK investigating taxes paid by Candy Crush owner, Activision Blizzard, over royalties paid to Malta and Bermuda: Jon Ungoed-Thomas & Lucy Bacon / The Times→

August 5, 2019

Americas

CIAT develops risk model for selection of transfer pricing audit cases in Ecuador: CIAT (in Spanish)→

August 5, 2019

Multinational

Saint-Amans says he “wouldn’t be surprised” if countries agreed to a minimum tax rate of about 12.5 percent in “pillar 2” digital tax revisions: Cliff Taylor / The Irish Times→

July 29, 2019

Africa

Kenya, Turkey to sign tax treaty: Xinhua→

July 17, 2019

Europe

Finland budget offsets personal income tax reduction with hikes on fossil fuel, alcohol, tobacco: Aleksi Teivainen / Helsinki Times→

August 14, 2019

Europe

Ukraine to publically release results of first 12 transfer pricing cases to provide guidance to taxpayers: Volodymyr Petrov / KyivPost→

July 10, 2019

Americas

Industry group to file complaint with EU Commission alleging French digital tax is illegal State aid: Isabel Gottlieb / Bloomberg Tax→

July 30, 2019

Digital Economy

French digital services tax signed into law: Hamza Ali / Bloomberg→

July 26, 2019

Americas

US lawmakers say UK digital tax would hinder post-Brexit trade deal: Colin Wilhelm & Isabel Gottlieb / Bloomberg Tax→

July 17, 2019

Digital Economy

Saint-Amans hints at direction of digitalization negotiations at Munich tax conference: Jefferson VanderWolk / Bloomberg Tax→

July 9, 2019

Americas

Allergan to move from Ireland back to US because of TCJA rate cut as part of AbbVie acquisition: Sony Kassam / Bloomberg Tax→

June 26, 2019

Armenia

Armenia, Kyrgyzstan sign tax treaty: ARMENPRESS→

August 12, 2019

Americas

US MNEs repatriated USD 876.8 billion since TCJA enacted, data shows: Katia Dmitrieva & Laura Davison / Bloomberg→

June 21, 2019

Asia-Pacific

Australia releases guidance on how the tax authority recovers a tax debt of a debtor located in a foreign country: Australian Taxation Office→

August 15, 2019

Europe

Luxembourg updates filing procedure for CbC reporting: Bloomberg Tax→

July 25, 2019

Asia-Pacific

Taiwan issues guidance clarifying “beneficial ownership” for tax treaty purposes: EY→

July 1, 2019

Africa

Kenya Revenue Authority wins court fight over Cyprus-based oil pipeline company’s tax bill: Moses Michira / Standard Digital→

August 5, 2019

Asia-Pacific

Indonesia amendes CFC deemed dividend rules: Deloitte→

July 25, 2019

Digital Economy

France’s lower house approves 3% digital services tax: ABC News→

July 7, 2019

Europe

Ukraine considers exit capital tax on dividends paid to shareholders or related parties: Vyacheslav Hnatyuk / KyivPost→

July 2, 2019

Americas

Uber generated $6.1 b Dutch tax deduction by transferring IP with increased value from a Bermuda sub to Dutch sub controlled by Singapore company: Lynnley Browning & Eric Newcomer / Bloomberg→

August 12, 2019

Americas

Mexican government to propose increased tax on digital economy and e-commerce without adding a DST: Sharay Angulo & Anthony Esposito / Reuters→

August 1, 2019

Americas

Altera files Ninth Circuit petition for rehearing in challenge to US cost-sharing regulations: Steve Dixon / Miller & Chevalier→

July 25, 2019

Multinational

Each purchase with Facebook’s proposed digital currency, Libra, would require immediate realization of taxable gain/loss: Chris Giles / Financial Times→

July 1, 2019

Europe

UK opens consultation on insurance premium tax avoidance, fee manipulation: Matt Sheehan / Reinsurance News→

June 6, 2019

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