What We're Reading

Europe

Switzerland could lose CHF10 billion (USD10.2 billion) tax if global corporate overhaul requires companies to be taxed where sales generated: SWI swissinfo.ch→

July 22, 2019

Europe

Ireland’s Tax Strategy Group releases paper on corporation tax in advance of Budget 2020: Ireland Department of Finance→

July 17, 2019

Americas

American Bar Association tax section comments on proposed BEAT regulations→

May 16, 2019

Asia-Pacific

India considering barring auditors from more categories of non-audit work, official says: Injeti Srinivas / Live Mint→

May 13, 2019

Asia-Pacific

Australian High Court confirms that tax office can use leaked documents including those obtained from law firms: Australian Taxation Office→

August 14, 2019

Americas

USCIB worries that UN Practical Manual’s discussion of capital structures in new financial transactions appendix will lead to inappropriate recharacterization of debt vs equity: William J. Sample / USCIB→

July 22, 2019

Armenia

Armenia, Malta to sign tax treaty: Armenpress→

June 27, 2019

Swiss parliament agrees to eliminate bearer shares to avoid OECD tax blacklist: SWI swissinfo.ch→

June 24, 2019

Americas

US to impose tariffs on all Mexican goods beginning July 1 unless Mexico assists in curbing illegal immigration: Steve Holland & Frank Jack Daniel / Reuters→

May 31, 2019

Asia-Pacific

Pakistan, Bulgaria sign tax treaty: Faisal Saeed / TechJuice→

May 22, 2019

Americas

French Senate passes digital service tax despite US threat of potential retaliation, bill likely signed by Macron within two weeks: Liz Alderman / The New York Times→

July 11, 2019

Asia-Pacific

BHP settles dispute with Western Australia over taxation of royalties on iron ore sold though Singapore hub: Reuters→

July 1, 2019

Cyprus

Cyprus Finance Minister drops proposal to increase corporate tax rate from 12.5 to 15 percent following business outcry: Bouli Hadjioannou / in-Cyprus→

August 7, 2019

Asia-Pacific

Malaysian prime minister advocates e-commerce tax on online business: Danisha Hakeem / The Online Citizen→

June 24, 2019

Digital Economy

UN tax committee releases report on discussion and conclusions reached at eighteenth session: United Nations→

June 17, 2019

Asia-Pacific

Synthesized text of Australia-Singapore tax treaty published: Australian Taxation Office→

May 25, 2019

Europe

Shell reveals that only one of its subsidiaries paid tax in Netherlands where the group is headquartered, prompting calls for tax avoidance hearing: Reuters→

May 21, 2019

Americas

France should renegotiate FATCA unless US agrees to concessions aiding dual nationals, parliamentary report says: Gregory Viscusi / Bloomberg→

May 16, 2019

Europe

Ireland should “engage constructively” on digitalization, tax avoidance to safeguard reputation, IMF says: International Monetary Fund→

May 14, 2019

Europe

Proposed changes to Ireland’s transfer pricing regime could affect UK interest-free lending structures: KPMG→

September 24, 2018

Europe

Russian customs proposes to impose duty on all imports of goods sold by foreign online stores by 2020: Crime Russia→

June 18, 2018

Asia-Pacific

Macau ready to sign OECD agreement to allow automatic tax information exchange: Nelson Moura / Macau News Agency→

May 7, 2018

Switzerland focusing on resolving disagreements over Tax Proposal 2017, which will likely be resolved, after that, attention will turn to taxation of digital economy, Oberson says: CNN Money Switzerland

April 20, 2018

Europe

Dutch parliament committee to “forcefully” ask Shell to attend tax avoidance hearing: Reuters→

April 10, 2019

Americas

St Lucia expected to pass law amending harmful tax regime to avoid placement on EU tax blacklist: Melanius lphonse / Caribbean News Now→

December 11, 2018

Americas

China faces US, Hong Kong pressure to relax plan to tax worldwide income of individuals residing 183+ days there: Jane Cai / South China Morning Post→

November 5, 2018

Africa

Nigeria publishes country-by-country reporting regulations: KPMG→

September 24, 2018

Asia-Pacific

China begins automatic exchange of financial account information to curtail cross-border tax avoidance: Peoples Daily Online→

September 10, 2018

Americas

US Democrats call TCJA international provisions a loophole-ridden “mess” that encourages overseas investment: US Senate Committee on Finance→

July 25, 2018

Apple pays Ireland 1.5 billion euros (USD 1.76 billion) in escrow toward 13 billion tax bill in State aid dispute: Reuters→

May 22, 2018

Asia-Pacific

Six Bangladesh lawyers threaten a lawsuit unless Google, Yahoo, Amazon, YouTube, Amazon pay more taxes: Dhaka Tribune→

April 10, 2018

Americas

UK says US-based MNEs underpaid GPB 4.6 billion (USD 5.9 billion) of UK tax last year: Out-law.com→

April 24, 2019

Americas

US issues technical corrections to final Section 965 regs on transition tax: Federal Register→

April 10, 2019

Americas

Draft US accounting standards update would require income tax disclosures to be disaggregated between federal, state, foreign: Financial Accounting Standards Board→

March 27, 2019

Americas

IRS announces extension of private letter ruling program for corporate stock distributions: Internal Revenue Service→

March 13, 2019

Africa

Pakistan to reshuffle government office receiving master file, country-by-country reports; impose fines for nonfiling: Irshad Ansari / The Express Tribune→

January 29, 2019

Americas

Outgoing US House GOP releases draft TCJA technical corrections: US Ways and Means→

January 2, 2019

Today, House Ways and Means Committee Chairman . . .

More: Discussion draft, JCT technical explanation.

Asia-Pacific

South Korea approves bill imposing 10 percent VAT on technology companies: Pulse→

December 11, 2018

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