What We're Reading

MEP asks EU Commission to investigate whether Shell/Netherlands merger deal avoiding dividend tax was EU State aid: DutchNews.nl→

June 18, 2018

Asia-Pacific

Pakistan’s Senate rejects government proposal to tax revenue from online activities including digital advertising: Mehtab Haider / The News→

May 7, 2018

Americas

China to immediately impose tariffs on 128 US products: Damian Paletta / The Washington Post→

April 2, 2018

Americas

Goodbye to All That?: A Requiem for the Destination-Based Cash Flow Tax: Daniel Shaviro / SSRN→

February 19, 2018

Europe

Amazon settles French tax dispute over income allocation for undisclosed sum: Reuters→

February 5, 2018

Asia-Pacific

India, Netherlands negotiating tax treaty amendment to plug share transfer loophole: Gireesh Chandra Prasad / LiveMint→

April 10, 2019

Americas

India, US sign agreement for exchange of country-by-country reports: Hindu Business Line→

March 27, 2019

Americas

France’s new digital tax could spur US countermeasures, lawmaker says: Kevin Brady / US House of Representatives→

March 6, 2019

Asia-Pacific

Dyson to move its headquarters from UK to Singapore, claims tax reduction will be “negligible”: Michael Pooler & Jim Pickard / Financial Times→

January 22, 2019

Europe

Irish tax take unexpectedly surges 20 percent as multinationals transfer assets there: Eoin Burke-Kennedy & Pat Leahy / New Irish Times→

December 10, 2018

The Government is on course to run a budget . . .

More: New York Times,

Americas

OECD, EU require Barbados to remove ring-fenced international tax regimes by December 31, Prime Minister says: Katrina King / Barbados Today→

August 27, 2018

Asia-Pacific

Australian Taxation Office to focus on migration of IP offshore, official says: Nassim Khadem / The Sydney Morning Herald→

July 18, 2018

Americas

UK reverses support for EU interim digital tax fearing US retaliation, sources say: Bjarke Smith-Meyer / Politico→

April 29, 2018

Asia-Pacific

Israel planning tax changes in response to US reform, seeks updated US tax treaty, considers digital firm taxation: Shoshanna Solomonnad / The Times of Israel→

February 5, 2018

Asia-Pacific

Australia consults on gas transfer pricing arrangements, submissions due June 14: Australian Treasury→

April 10, 2019

Digital Economy

Germany studying 15 percent withholding tax on foreign online advertising revenue: Reuters→

February 19, 2019

Asia-Pacific

China to cut company tax and fees, reform VAT, finance minister says: Reuters→

January 22, 2019

Asia-Pacific

Bangladesh tax authority’s transfer pricing unit begins operations: Jasim Uddin / New Age→

December 13, 2018

United States

US corps have repatriated fewer foreign profits than expected post-tax reform, blame foreign taxes: Laura Davison / Bloomberg→

December 7, 2018

The amount of offshore cash U.S. corporations have returned home so far this year . . .

More: ITEP, The Mercury News.

Algeria

Goldman Sachs and Cargill lose UK tax avoidance case involving Jersey company structure: Sophie Perryer / European CEO→

October 25, 2018

Denmark

Denmark bill implementing EU ATAD proposes new rules for CFCs, interest, exit tax, GAAR, hybrids: EY→

October 4, 2018

French minister proposes “sunset clause” for digital services tax at informal ECOFIN meeting: Luxembourg Times→

September 10, 2018

Europe

UK votes to remain outside EU VAT system after Brexit: Avalara VATLive→

July 18, 2018

Americas

Facebook’s trial in $5 billion US transfer pricing dispute extended to Feb. 2020: Sony Kassam / Bloomberg Tax→

January 4, 2019

Europe

Romania finance minister proposes tax on bank assets at a rate based on interbank ROBOR interest rates, (expected levy would be .9 % from Jan. 2019): Sorin Melenciuc / Business Review→

December 19, 2018

The Romanian government follows in . . .

More: Bloomberg, Reuters, See News.

Americas

Despite US tax reform, companies still moving IP abroad: Laura Davison / Bloomberg→

October 16, 2018

EU Commission’s digital services tax lacks legal basis because it is not an indirect tax, Council paper says: Financial Times / Mehreen Khan→

October 11, 2018

Austria to seek consensus on digital tax during EU presidency: The Irish Times→

July 18, 2018

Europe

UK’s HMRC large business investigations yielded highest tax take ever last year: Out-law.com→

May 9, 2018

Asia-Pacific

Israel weighs lowering 6% corporate tax rate to compete with US tax reform, Netanyahu says: Lilach Baumer / CTech→

February 19, 2018

Asia-Pacific

Australian government introduces bill extending GST to imported low value goods→

February 27, 2017

See: Draft bill. See also: Draft Law Companion Guideline LCG 2017/D2.

Multinational

Countries imposing new nexus rules to tax nonresident enterprises, resetting source v. residence: Gary D. Sprague / Bloomberg BNA→

February 15, 2017

See: Bloomberg BNA.

Europe

MNEs can still use ‘double Irish’ loophole, lawmaker says: Irish Times→

November 10, 2016

See: The Irish Times.

Americas

US proposed regs would force shareholders of foreign owned-single member LLCs to reveal their identity, final regs require customer due diligence: White House→

May 6, 2016

See: White House, proposed regulations, press release, Letter by Treasury Secretary Lew. More: Bloomberg, The Guardian, Wall Street Journal, Economic Times.

Americas

NGO effort to cast US MNEs as tax dodgers has succeeded, Stack says: Alex M. Parker / Bloomberg BNA→

March 3, 2016

See: Bloomberg BNA.

Americas

Mexico to tax digital platforms as interim measure, tax official says: Reuters→

April 9, 2019

Council of the European Union

EU heightens protections for whistleblowers including those who report on corporate tax avoidance: European Commission→

March 13, 2019

International Monetary Fund

IMF paper surveys tax avoidance via transfer mispricing, debt shifting, treaty shopping, tax deferral, corporate inversions; assesses effects on countries; notes research blind spots: Ruud de Mooij / International Monetary Fund→

January 28, 2019

Austria

Austria planning digital tax, finance minister says: Irish Times→

January 2, 2019

More: France 24, Seeking Alpha.

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