What We're Reading

Digital Economy

Ireland updates Corporate Tax Roadmap: Ireland Department of Finance →

January 19, 2021

Digital Economy

EU Commission to soon publish Communication on Business Taxation for the 21st Century, will propose digital levy mid-2021: Valdis Dombrovskis / European Commission→

January 19, 2021

Americas

US IRS publishes final PFIC regs (TD 9936): US Treasury / Federal Register→

January 19, 2021

Africa

South Africa invites public comment on advance tax ruling process: South Africa Revenue Service→

January 19, 2021

Americas

Day 2 of OECD consultation on international tax reform blueprints: Daniel Bunn / Tax Foundation→

January 19, 2021

Americas

Day 1 of OECD consultation on international tax reform blueprints: Daniel Bunn / Tax Foundation→

January 19, 2021

Americas

OECD adds transfer pricing country profiles for Argentina, Dominican Republic: OECD→

January 15, 2021

Asia-Pacific

Final Australia targeted integrity rule addresses hybrid mismatches: Australian Taxation Office→

January 14, 2021

Africa

From January 1, Kenya increases corporate rate to 30%, sets min tax at 1% gross turnover: Kenya Revenue Authority→

January 12, 2021

Europe

UK opens multiple criminal fraud probes following MNE tax avoidance investigations, HMRC officials confirm

January 12, 2021

The UK’s HM Revenue and Customs has opened “multiple” criminal fraud investigations stemming from investigations . . .

Europe

Norway’s oil lobby sharply criticizes plans to more than triple CO2 tax: Nora Buli & Nerijus Adomaitis / Reuters→

January 12, 2021

Africa

Kenya expects 100 nonresident businesses to register by this week to pay 1.5 percent tax on goods and services sold online, anticipates 900 others will join: John Mutha / Business Daily→

January 11, 2021

Americas

BVI notice addresses country-by-country reporting schema update and deadlines: Virgin Islands International Tax Authority→

January 11, 2021

Americas

Barbados deposits its instrument of ratification for the Multilateral BEPS Convention becoming the 60th to join: OECD→

January 5, 2021

Europe

Dutch informal capital scheme should be investigated for illegal state aid, professor says: Jan Vleggeert / SSRN→

January 5, 2021

Americas

EU Parliament’s plan for new tax blacklist would hit Cayman Islands: Cayman News Service→

January 5, 2021

Americas

US IRS issues agent guide on qualified dividends and capital gains rate differential adjustments: Internal Revenue Service→

January 5, 2021

Africa

Using US IRS data, authors conclude that Bermuda, Ireland, Netherlands are US MNEs’ most important tax havens: Petr Janský, Javier Garcia-Bernando, Thomas Tørsløv /Springer→

January 5, 2021

Europe

Facebook to wind up Irish divisions holding IP in response to tax law change: Julia Kollewe / The Guardian→

January 5, 2021

Europe

Malta issues guidelines on DAC 6 disclosures of crossborder arrangements: Office of the Commissioner for Revenue→

January 5, 2021

Asia-Pacific

Singapore ruling concludes that corporation and three foreign shareholders are not related parties for transfer pricing purposes: Inland Revenue Authority of Singapore→

January 4, 2021

Americas

Washington State legislators may soon debate digital advertising tax: Eversheds Sutherland SALT→

January 4, 2021

Americas

The end of the “double-Irish” tax structure means that a greater share of MNE profits are taxed in the US where the R&D generating the profits is undertaken: Seamus Coffey / Irish Examiner→

January 4, 2021

Digital Economy

Colorado revises regulation to clarify that sales of streaming digital goods are subject to tax: Charles Capouet & Todd Lard / SALT Shaker→

December 24, 2020

Asia-Pacific

New Zealand hits Oracle with NZ 20.3M (USD 14.4M) in transfer pricing assessments: Rob O’Neill / New Zealand Reseller News→

December 23, 2020

Europe

Ireland updates guidance on DAC6 mandatory disclosure regime: Irish Tax and Customs→

December 23, 2020

Asia-Pacific

Energy giant Cairn wins Rs 8,000 crore (USD 1.2 billion) arbitration award in dispute with India over taxation of indirect transfer of assets: Dilasha Seth / Business Standard→

December 23, 2020

Americas

US Congress passes stimulus bill that extends PTC and ITC for land-based wind for one year at 60%, solar ITC for two years at 26%, gives offshore wind projects a 30% ITC, extends tax credit for carbon recapture by two years: Catherine Morehouse / Utility Dive→

December 23, 2020

Europe

Updated Ireland R&D tax credit guidance addresses plant and machinery, reflects UK’s withdrawal from EU: Irish Tax and Customs→

December 22, 2020

Practical obstacles prevent low-income countries from participating in global tax standard-setting through Inclusive Framework, authors say: Rasmus Corlin Christensen, Martin Hearson, & Tovony Randriamanalina / The International Centre for Tax and Development→

December 21, 2020

Americas

Mexican proposal to block foreign digital services providers if they fail to comply with digital tax rules could violate USMCA: Inu Manak & Alfredo Carrillo Obregon / Cato At Liberty→

December 21, 2020

Europe

Ireland provides guidance for taxpayers seeking to rely on private tax rulings issued in 2015 for periods after January 1, 2020: Irish Tax and Customs→

December 17, 2020

Asia-Pacific

Australia updates transfer pricing guidance on simplified record-keeping options: Australian Taxation Office→

December 17, 2020

Europe

Ireland tax office outlines procedure and operation of co-operative compliance framework for large corporates: Tax and Duty Manual→

December 16, 2020

Asia-Pacific

China official says governments should consider levying digital taxes on online platforms because users created the value and should share in the profits: Reuters→

December 16, 2020

Africa

Peer review report on exchange of information on tax rulings finds 81 nations fully compliant with minimum standards, makes recommendations for 42 others: OECD / Inclusive Framework→

December 15, 2020

Africa

NGO says pillar 1 and 2 proposals don’t benefit developing countries, proposes Minimum Effective Tax Rate approach as an alternative to pillar 2: The BEPS Monitoring Group→

December 15, 2020

Americas

Canada’s bolder stance on unilateral digital taxes likely prompted by reduced fear of tariffs in Biden administration: Andy Blatchford / Politico→

December 15, 2020

Americas

US Senate follows House in passing law requiring existing and future US companies and LLCs to disclose information about beneficial owners: Jeanne Whalen / The Washington Post→

December 14, 2020

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