What We're Reading

Americas

Durbin, Reed, Doggett introduce bill to stop corporate inversions: Dick Durbin→

May 11, 2021

Americas

US IRS private letter ruling addresses tax consequences of multinational’s restructuring of US entities: Internal Revenue Service→

May 10, 2021

Americas

India may oppose US proposal to tax only top 100 companies: Dilasha Seth / Business Standard→

May 10, 2021

Europe

Ireland’s top 10 companies paid more than half of corporate tax last year: Seán McCárthaigh / The Irish Times→

May 10, 2021

Americas

Global deal on MNE tax reform likely by October, Saint-Amans tells the French Senate’s finance committee: Reuters→

May 10, 2021

Americas

US solicits comments on burdens related to completing a return by a US transferor of property to a foreign corporation: Internal Revenue Service / Federal Register→

May 6, 2021

Americas

Professor breaks down US strategy in Pillar 1 & 2 negotiation: Michael P. Devereux / Oxford→

May 6, 2021

Multinational

OECD and francophone tax administration group CREDAF renew agreement to promote fair tax systems: OECD→

May 3, 2021

Americas

Switzerland rejects Biden’s tax haven claim: swissinfo.ch→

May 3, 2021

Americas

Bermuda leaders chafe at Biden’s tax haven label: Scott Neill / The Royal Gazette→

May 3, 2021

Americas

British Virgin Islands extends deadlines for CbCR, CRS, and FATCA reporting due to technical difficulties: Virgin Islands National Tax Authority→

April 29, 2021

Multinational

Tax Inspectors Without Borders has helped developing countries bring in more than USD 1 billion in additional tax revenues: OECD→

April 29, 2021

Americas

Biden plan would raise US MNE taxes by 81 percent, create incentives for profit shifting out of the US, think tank concludes: Cody Kallen / Tax Foundation→

April 29, 2021

Europe

Switzerland fears impact of minimum corporate tax rate: Matthew Allen / Swissinfo.ch→

April 28, 2021

Americas

Biden’s American Families Plan proposes additional IRS funds to scrutinize large corporation taxes: The White House→

April 28, 2021

Europe

Ireland updates dividend withholding tax guidance to reflect Finance Act 2020 changes: Irish Revenue→

April 28, 2021

Americas

GOP infrastructure counterproposal would seek to avoid corporate and international tax hikes through smaller plan and reallocated spending: Minority, US Senate Committee on Environment and Public Works→

April 28, 2021

Digital Economy

US state of Connecticut considers digital advertising tax with international implications similar to state of Maryland’s: Connecticut General Assembly →

April 28, 2021

Americas

Wyden touts plan to replace “hodgepodge” of oil and gas tax incentives with clean energy producer breaks: United States Senate Committee on Finance→

April 28, 2021

Europe

Hungary says global minimum tax would violate sovereignty, refuses to consent: Budapest Times→

April 28, 2021

Americas

French and German finance ministers voice support for US proposal on global minimum tax: Reuters→

April 28, 2021

Carbon Tax

Biden looking into carbon border adjustment tax like one under consideration in EU, John Kerry says: Yahoo Finance→

April 26, 2021

Americas

Google UK paid just £50 million (69.14 million USD) in corporate tax last year, despite posting £1.8 billion (2.49 billion USD) of revenues: Chris Newlands / inews→

April 22, 2021

Africa

Switzerland, Luxembourg do not appear on tax blacklists while island nations do, creating the perception of racial bias, professors say: Steven A. Dean & Attiya Waris / SSRN→

April 19, 2021

More News

International Compliance Assurance Programme (ICAP) FAQs provided: OECD Forum on Tax Administration→

April 18, 2021

Americas

JCT provides overview of US tax system: Joint Committee on Taxation →

April 16, 2021

Americas

US proposes rules for foreign persons investing in qualified opportunity funds

April 14, 2021

The IRS published proposed rules on April 14 setting forth requirements that certain foreign persons and foreign-owned partnerships would have to meet to elect the tax benefits related to investing in qualified opportunity funds. . .

Asia-Pacific

Google Korea, Facebook Korea report income for the first time but in questionable sum: Hong Sung-yong & Minu Kim / Pulse→

April 14, 2021

Americas

US confident “vast majority” of developed nations will approve global minimum tax, US deputy treasury secretary says: Thomas Franck / CNBC→

April 14, 2021

Americas

Wyden says Treasury’s OECD proposal would address digital taxes that discriminate against US companies while supporting US tax reform goals: US Senate Committee on Finance→

April 14, 2021

G20

Higher carbon pricing through carbon taxes, emissions trading systems, and fuel excise taxes is needed to meet climate objectives, IMF/OECD report concludes: OECD→

April 13, 2021

Americas

Countries should suspend their DSTs now to show they are serious about reaching global agreement on international tax, ranking member says: US Senate Finance Committee→

April 13, 2021

Multinational

The case for a sustainable excess profits tax using life cycle analysis methods: Allison Christians and Tarcisio Diniz Magalhaes / SSRN→

April 13, 2021

Europe

Spanish finance minister says Spain favors global minimum corporate tax, presents committee with broad tax reforms to bolster revenue: Explica.co→

April 12, 2021

Asia-Pacific

Turkey considers raising corporate income tax rate to 25% for 2021, then reducing to 23%: bne IntelIiNews→

April 12, 2021

Americas

Canada’s Manitoba budget changes e-commerce taxation in December 2021: Manitoba government→

April 12, 2021

Americas

India unlikely to agree to global minimum tax: Arup Roychoudhury / Moneycontrol→

April 9, 2021

Americas

Cyprus divided on Yellen’s minimum corporate tax: Andrew Rosenbaum / CyprusMail→

April 9, 2021

Asia-Pacific

Global minimum tax’s effect on Hong Kong could be an issue for China, support could be tied to US trade tariff concessions: Frank Tang & Orange Wang / South China Morning Post→

April 9, 2021

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