What We're Reading

Europe

Netherlands considers corporate rate cut: Janene Pieters / NL Times→

June 24, 2016

See: NL Times

EU moving forward with tax haven blacklist: Francesco Guarascio / Reuters→

May 19, 2016

See: Reuters

Multinational

ICIJ publishes database of almost 214,000 offshore shell companies: ICIJ→

May 9, 2016

See: ICIJ.

Europe

Trial of “Lux Leaks” whistleblowers, journalist to begin in Luxembourg: Michele Sinner and Robert-Jan Bartunek / Reuters→

April 25, 2016

See: Reuters. More: France 24, The Guardian.

Americas

US IRS Appeals rules Delphi not liable for US tax on worldwide profits under inversion rules: Dustin Walsh / Crain’s Detroit Business→

April 14, 2016

See: Crain’s Detroit Business. More: SEC Form 8K (Streetinsider.com), Reuters, Wall Street Journal.

EU Commission expected to advance proposal allowing member states more freedom to set VAT rates: Ruth Berschens / Handelsblatt→

March 30, 2016

See: Handelsblatt. More: Financial Times.

Belgium

Belgium may withdraw from EU financial transactions tax talks: Rebecca Christie / Bloomberg→

January 25, 2016

See: Bloomberg. More: Europe Online Magazine, The Brussels Times.

Americas

Tyco reaches tentative settlement with IRS in earnings stripping dispute: MarketWatch: Bob Tita / Marketwatch→

January 20, 2016

See: MarketWatch. More: Street Insider.

Europe

France’s digital tax may not comply with EU law on freedom of establishment, free competition: Out-Law→

March 14, 2019

Europe

Professors discuss German proposal for an internationally coordinated minimum tax on MNE profits: Johannes Becker & Joachim Englisch / Tax Justice Network→

January 16, 2019

Digital Economy

France to introduce “GAFA tax” on large internet and technology companies from January 1, giving up on EU digital tax deal: DW.com→

December 18, 2018

In early December, Economy Minister Bruno Le Maire said . . .

More: BBC News.

Asia-Pacific

MNEs decry tax increase from new Vietnam rule limiting interest deduction to 20% EBITDA: Hanoitimes→

November 5, 2018

Americas

US imposes tariffs on EU, Canada, Mexico of 25 percent on imported steel, 10 percent on imported aluminum: Jeremy Diamond & Julia Horowitz / CNN Money→

May 31, 2018

EU Commission, by focusing on the low effective corporate tax rates of the largest digital firms, incorrectly concludes that digital firms pay too little tax, think tank concludes: Matthias Bauer / ECIPE→

March 20, 2018

Americas

US Tax Cuts and Jobs Act provisions are not contrary to US treaty obligations: Reuven S. Avi-Yonah / SSRN→

January 23, 2018

Europe

Ukraine says 13 more countries subject to control under transfer pricing law: Interfax-Ukraine→

January 2, 2018

Americas

US Republican tax reform proposal may punish companies that continue to sell in US after moving offshore: Brian Faler / Politico→

October 31, 2017

Analysis of EU Commission digital transaction communication: Diane Ring / Surly Subgroup→

September 25, 2017

Asia-Pacific

Thailand considers draft transfer pricing law: The Nation→

July 6, 2017

EU considers compromise proposal to restrict low-tax enterprise zones: Joe Kirwin / Bloomberg BNA→

May 3, 2017

Asia-Pacific

Israeli tax authority investigating Google and Facebook: Anat Bein-Leibovitz / Globes→

March 22, 2017

See: Globes. More: The Stack.

Asia-Pacific

Singapore budget includes IP regime: Inland Revenue Authority of Singapore→

February 22, 2017

See: Budget. *The budget will be analyzed in a forthcoming MNE Tax article.

Asia-Pacific

Australian government introduces diverted profits tax legislation: Parliament of Australia→

February 9, 2017

See: Treasury Laws Amendment (Combating Multinational Tax Avoidance) Bill 2017; Diverted Profits Tax Bill 2017.

MNE Tax expects to publish an analysis of this development shortly.

Africa

South Africa issues draft guidance on deductions for scientific, technological R&D→

January 17, 2017

See: Draft Interpretation Note 50.

Europe

Netherlands delays CbC reporting: Jessica Silbering-Meyer / Thomson Reuters→

November 23, 2016

See: Thomson Reuters.

Asia-Pacific

Japan to impose corporate tax on “dummy” subsidiaries located in low tax countries: The Japan Times→

September 28, 2016

See: The Japan Times.

Asia-Pacific

Israel to cut tax rates for tech firms: Steven Scheer / Reuters→

July 19, 2016

See: Reuters.

Asia-Pacific

China to cut corporate tax for services industries including R&D: Mark Magnier & Esther Fung / Wall Street Journal→

March 24, 2016

See: Wall Street Journal.

Americas

EU’s Vestager says Apple state aid decision may take awhile: Aoife White & Stephanie Bodoni / Bloomberg Business →

March 9, 2016

See: Bloomberg Business. More: Irish Examiner.

Belgium

Belgium to challenge EU commission finding that excess profits tax ruling system provides state aid: King & Wood Mallesons→

February 23, 2016

See: King & Wood Mallesons

Europe

Google to pay £130 million ($185 million) in UK back taxes, critics decry “sweetheart deal”: Kevin Rawlinson / The Guardian→

January 23, 2016

See: The Guardian. More: BBC News, Richard Murphy/Tax Research UK, Wall Street Journal, The Register, New York Times.

Digital Economy

11 political science academics join to comment on digitalization consultation, address global cooperation in taxation→

March 7, 2019

Europe

Ukraine tax authority establishes transfer pricing department: Ukrinform→

January 11, 2019

Americas

TCJA “Blue Book” released: Joint Committee on Taxation→

December 20, 2018

Source: JCS-1-18

Americas

Wheaton settles transfer pricing dispute with Canada Revenue agreeing to increase service fee charged to foreign subsidiary: Wheaton Precious Metals→

December 18, 2018

Wheaton Precious Metals™ Corp. (“Wheaton” or the “Company”) is very pleased to . . .

More: Mining.com, Streetwise Reports.

EU seeks agreement on digital tax by year end: Francesco Guarascio / Reuters→

September 5, 2018

Multinational

40% of MNE profits are shifted to tax havens and tax authorities have no incentive to stop it, academics say: Thomas Tørsløv, Ludvig Wier & Gabriel Zucman→

July 2, 2018

Multinational

Proposed Facebook shareholder resolution would require company to consider impact of tax strategy on local economies, public services: Richard Phillips / ITEP→

May 31, 2018

Europe

Dutch government pressured to disclose multinational firms that lobbied for end to dividend tax: DutchNews.nl→

April 23, 2018

May 19 – 20	Tax Council Policy Institute Conference	Washington, D.C.
May 19 – 20	IFA Second European Region Conference	Milan, Italy
May 24	IFA Webinar Series Pillar Two: An Update	Virtual Event
Sept. 4 – 8	IFA Congress	Berlin