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More News

Americas

IRS offers penalty, filing relief for new transition tax on foreign earnings 

June 7, 2018

The US IRS on June 4 announced that it will waive some late-payment penalties relating to the section 965 transition tax, which deems a repatriation by US shareholders of overseas earnings held by offshore companies. Guidance was also provided for individuals . . .

Europe

Serbia joins “Inclusive Framework on BEPS” to fight tax avoidance

February 19, 2018

Serbia has joined the “Inclusive Framework on BEPS,” the OECD announced today. Thus, Serbia has joined 111 other countries that are working together to prevent multinational group tax avoidance and improve the resolution . . .

Europe

UK draft guidance details Northern Ireland corporation tax scheme

January 31, 2018

The UK on January 31 released updated draft guidance detailing how Northern Ireland’s corporation tax regime will operate once corporation tax rate-setting power devolves to Northern . . .

Europe

Jersey ratifies BEPS multilateral instrument on tax avoidance

December 20, 2017

Jersey has ratified the OECD’s Multilateral Instrument (MLI), designed to allow countries to easily add to their bilateral tax treaties provisions that curtail tax avoidance by multinationals and improve . . .

Asia-Pacific

Australian Taxation Office preparing guidance on related-party interest-free loans, derivatives

December 11, 2017

The Australian Taxation Office (ATO) on December 11 announced that it intends to add two draft schedules to Practical Compliance Guideline( PCG 2017/4), which sets out the ATO’s compliance approach to cross-border related party financing arrangements and . . .

Americas

US, Mexico sign agreement to exchange country-by-country reports on multinationals

October 26, 2017

The US and Mexico have agreed to exchange country-by-country tax reports on multinational firms, implementing 2015 OECD/G20 base erosion profit shifting (BEPS) plan agreements, US Treasury . . .

Europe

UK government to advance Multilateral Trading Facilities tax exemption

September 22, 2017

The UK government on September 13 published the outcome of a public consultation on a proposed exemption from . . .

Americas

IRS’s “no rule” list updated to allow private tax rulings on distributions of stock of controlled corporations

August 26, 2016

The US IRS today updated its “no rule” list of topics that the agency will not ordinarily address in private letter rulings or determination letters, taking two issues off the list that relate to distributions of stock of controlled corporations under . . .

Asia-Pacific

Australian taxation office consults on new public disclosure requirement for large businesses

August 15, 2016

The Australian Taxation Office (ATO ) has today launched a consultation on rules to implement a new law that will significantly increase public disclosures required by many large businesses operating in Australia, particularly . . . 

Asia-Pacific

Japan, Uruguay to negotiate tax treaty

April 8, 2019

apan’s Ministry for Finance has today announced that . . .

Americas

Marjorie Rollinson rejoins EY as Deputy Director of National Tax

March 7, 2019

Former US IRS Associate Chief Counsel (International) Marjorie Rollinson has rejoined . . .

Armenia

Armenia joins “Inclusive Framework on BEPS” to fight MNE tax avoidance

February 11, 2019

Armenia has joined the “Inclusive Framework on BEPS,” an OECD-led coalition of countries . . .

Asia-Pacific

Synthesized text of New Zealand-UK tax treaty reflects MLI changes

November 6, 2018

The UK government today released the synthesized text of the UK-New Zealand tax . . .

Europe

“Synthesized text” of UK-Slovenia tax treaty reflects MLI changes

October 11, 2018

The UK government today released the synthesized text of the 2007 UK-Slovenia tax treaty, prepared . . .

Asia-Pacific

Australia passes tax rules on hybrid mismatches, approves MLI

August 28, 2018

Australian laws designed to curtail multinational tax avoidance through hybrid mismatch and branch mismatch arrangments and . . .

Europe

EU Commission opens state aid investigation into Portugal’s Madeira Free Zone tax scheme

July 6, 2018

The EU Commission on July 6 announced that it is investigating for potential state aid violations the implementation of a tax exemption scheme put in place by Portugal . . .

Europe

Serbia ratifies multilateral tax treaty to implement BEPS

June 7, 2018

Serbia on June 5 deposited with the OECD ratification documents for the Multilateral Convention to . . .

Asia-Pacific

Pakistan releases more draft amendments to country-by-country reporting rules for MNEs

February 12, 2018

Pakistan’s government on February 9 published more amendments to draft rules that establish transfer pricing documentation and country-by-country . . .

Asia-Pacific

Australian bill excludes passive investment companies from lower tax rate

October 18, 2017

The Australian government today introduced legislation clarifying that passive investment companies will not qualify for the lower 27.6 percent company tax rate. Under the bill, a company will not qualify for the lower . . .

Americas

US to exchange country-by-country reports with Australia, Estonia

August 3, 2017

The US IRS today announced that it has entered into separate agreements with Australia and Estonia to exchange country-by-country reports . . .

Africa

US has agreed to country-by-country tax info exchange with 11 countries, OECD says

June 22, 2017

The United States has so far put in place 11 bilateral competent authority arrangements for the automatic exchange of country-by-country reports, the OECD reported a June 22 release. The US now has . . .

Asia-Pacific

Australia publishes tax bills of large domestic and foreign businesses

December 13, 2016

The Australian government on December 9 released its latest corporate tax transparency report, making public the 2014–15 tax details of 1,904 large . . .

Asia-Pacific

Australia proposes new debt-equity tax rules

October 10, 2016

The Australian government has released draft legislation for public comment that would amend the country’s debt-equity tax . . . 

Europe

UK corporate tax rate will be 17 percent by 2020, Hammond confirms

October 3, 2016

UK Chancellor of the Exchequer Philip Hammond today confirmed that the government will stick to its plan to lower the UK corporate tax rate from 20 percent . . .

Europe

UK to extend country-by-country tax reporting to partnerships

August 2, 2016

The UK’s HM Revenue and Customs today announced that it will propose amendments to existing country-by-country reporting regulations applicable to large multinational enterprises to add . . .

Asia-Pacific

Australian guidance details procedure when transfer pricing adjustments affect customs values

April 15, 2016

The Australian government has released details on the how the tax office (ATO) will respond to taxpayer requests for help determining customs duty values following a . . .

Asia-Pacific

Singapore describes how the MLI affects 14 of its bilateral tax treaties

April 5, 2019

The Inland Revenue Authority of Singapore (IRAs) has provided information about how . . .

No Picture
Europe

Chris Whitehouse joins Questro International’s Zurich office

February 7, 2019

Chris Whitehouse, a transfer pricing specialist with over 19 years of experience, has . . .

Asia-Pacific

Swiss, Pakistan tax treaty enters into force

December 3, 2018

A new tax treaty between Switzerland and Pakistan entered into force on November 29, the Swiss government . . .

Asia-Pacific

Australia, France, Japan, Slovak Republic ratifiy BEPS MLI

September 27, 2018

Australia, France, Japan, and the Slovak Republic have ratified a multilateral tax treaty designed to swiftly add to their existing tax treaties . . .

Europe

Ukraine signs BEPS MLI to counter tax avoidance by multinationals

July 23, 2018

Ukraine today became the 83rd jurisdiction to sign a multilateral tax treaty designed to swiftly amend bilateral tax treaties to add new provisions countering tax avoidance by multinationals and easing the resolution . . .

Asia-Pacific

Bahrain joins the “Inclusive Framework on BEPS,” commits to fight tax avoidance

May 15, 2018

Bahrain has joined the “Inclusive Framework on BEPS,” a group of now 115 countries that have pledged to adopt minimum standards developed by OECD and G20 countries in the 2015 base erosion profit shifting (BEPS) plan agreements, the OECD . . .

More News

Developing countries’ use of tax incentives addressed in new manual

February 28, 2018

The UN’s Financing for Development Office and the Inter-Amercian Center for Tax Administration (CIAT) today released a publication designed to assist developing countries in designing assessing, and administering. . .

Asia-Pacific

Pakistan publishes amendments to country-by-country reporting scheme

January 31, 2018

Pakistan’s Federal Board of Revenue on January 31 published amendments to draft rules that establish transfer pricing documentation and country-by-country reporting obligations on large . . .

No Picture
Europe

New EU guidelines encourage States to ease withholding tax refund process 

December 11, 2017

The EU Commission today issued guidelines designed to make it easier for cross-border investors to recover withholding tax to relieve double taxation. The voluntary  Code of Conduct guidelines urge EU States to adopt a quick, simplified . . .

Europe

Luxembourg tax guidance addresses intragroup financing, updates ruling procedure

January 3, 2017

The Luxembourg government on December 27 published new tax guidance for intragroup financing transactions. The guidance . . . 

More News

Business reacts to OECD group ratio rule for multinational corp interest deductions

August 25, 2016

The OECD on August 25 released 23 comment letters from business groups responding to its request for feedback on a discussion draft on the design of a group ratio rule. The group ratio rule would supplement OECD recommendations on how countries . . .

Asia-Pacific

Hong Kong joins BEPS project fight against multinational corp tax avoidance

June 21, 2016

Hong Kong will join countries involved in the next stage of the OECD/G20 base erosion profit shifting (BEPS) plan as an associate, adopting the BEPS minimum standards and participating in the . . .

Europe

Ireland seeks feedback on R&D tax credit

April 29, 2019

Ireland’s Department of Finance today launched . . .

Posts navigation

« 1 … 15 16 17 … 25 »

What’s Next

May 19 – 20Tax Council Policy Institute ConferenceWashington, D.C.
May 19 – 20IFA Second European Region ConferenceMilan, Italy
May 24IFA Webinar Series Pillar Two: An UpdateVirtual Event
Sept. 4 – 8IFA CongressBerlin
Add Your Event
RECENT COMMENTS
  • Khaled Al Zaabi on Spanish government proposes digital services tax: “We are seeking assistance with Digital Assets and International Tax Consulting to help Abu Dhabi UAE Oil Company navigate the…” October 24 ,2024
  • Emma Hinson Sims on The Pillar One blueprint — the potential future of international taxation and transfer pricing: “HAPPY BIRTHDAY TO A VERY SMART, BEAUTIFUL, YOUNG LADY ON JANUARY 13TH.” January 6 ,2024
  • David Valdez on US Tax Court resolves Whirlpool tax dispute involving Mexican maquiladora structure: “Greetings Whirlpool Mexico, I’m trying to contact someone involved with the decision making for transportation from all of your Mexican…” October 20 ,2023
  • Jose Dominguez on The new US international tax rules: what you need to know about GILTI, FDII, BEAT etc.: “Very informative article. Question. Do you have a software to compute these US International Calcs to make them in house?” April 12 ,2023
  • Ciro César Soriano de Oliveira on Danish High Court rules on beneficial ownership of dividends for tax purposes: “Dear Ms Susi, This article is immensely clarifying. I’d like to know whether Danish Supreme Court has already granted its…” March 24 ,2023

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Latest

  • Policy Paper: Transfer pricing documentation
    July 26, 2022
  • Indonesia Taxes Crypto Asset Transactions
    July 12, 2022
  • New CbC Reporting Requirements to Apply in Kenya
    July 7, 2022
  • The Colombian National Tax and Customs Administration (DIAN) modified 2021’s Resolution 164 related to the Ultimate Beneficial Owner´s Report (RUB).
    July 5, 2022
  • Frustrated with Congress, Intel delays chips groundbreaking ceremony
    June 28, 2022
  • Finnish Tax Administration to Publish Guidance on Reverse Hybrid Legislation
    June 28, 2022
  • The Evolution of Transfer Pricing in Saudi Arabia
    June 23, 2022
  • The Functional Analysis—What You Need to Know
    June 22, 2022
  • How International Organizations are Changing Transfer Pricing Compliance
    June 22, 2022
  • UK delays Pillar 2 of global tax rules to December
    June 22, 2022
  • The OECD’s Tax Transparency in Africa 2022: Africa Initiative Progress Report
    June 22, 2022
  • Mutual Agreement Procedures (MAP) and Tax Treaties benefit grant General Rules under public consultation in Dominican Republic
    June 21, 2022

Recent Comments

  • Khaled Al Zaabi on Spanish government proposes digital services tax: “We are seeking assistance with Digital Assets and International Tax Consulting to help Abu Dhabi UAE Oil Company navigate the…” October 24 ,2024
  • Emma Hinson Sims on The Pillar One blueprint — the potential future of international taxation and transfer pricing: “HAPPY BIRTHDAY TO A VERY SMART, BEAUTIFUL, YOUNG LADY ON JANUARY 13TH.” January 6 ,2024
  • David Valdez on US Tax Court resolves Whirlpool tax dispute involving Mexican maquiladora structure: “Greetings Whirlpool Mexico, I’m trying to contact someone involved with the decision making for transportation from all of your Mexican…” October 20 ,2023
  • Jose Dominguez on The new US international tax rules: what you need to know about GILTI, FDII, BEAT etc.: “Very informative article. Question. Do you have a software to compute these US International Calcs to make them in house?” April 12 ,2023
  • Ciro César Soriano de Oliveira on Danish High Court rules on beneficial ownership of dividends for tax purposes: “Dear Ms Susi, This article is immensely clarifying. I’d like to know whether Danish Supreme Court has already granted its…” March 24 ,2023

R&D Tax Credit News

  • Muddled goals, broad scope lead to unexpected costs of OECD tax agreement
    April 20, 2022
  • US House of Representatives Ways and Means Committee Republicans reintroduce R&D-related legislation: Committee on Ways and Means→
    April 20, 2022
  • Irish Department of Finance seeks public comments by May 30 on research & development (R&D) tax credit and the `Knowledge Development Box,’ an OECD-compliant intellectual property regime, which provides relief from corporation tax on income arising from qualifying assets, such as computer programs and inventions protected by a qualifying patent: Irish Ministry of Finance→
    April 18, 2022
  • What does the Marijuana Opportunity Reinvestment and Expungement Act mean for the R&D tax credit?
    April 7, 2022
  • South Africa’s R&D Catch-22: Lydia Clowney / CrossBorder Solutions→
    April 6, 2022

Accounting & Reporting News

  • Calls are increasing for company disclosures on tax to help build public trust and fit in with environmental, social and governance (ESG) agenda: Aidan Lucey / The Irish Times→
    April 20, 2022
  • Will Amazon’s investors make the rules on tax transparency more clear?: CrossBorder Solutions→
    April 13, 2022
  • US Senate Finance Committee Chair Ron Wyden requests pharmaceutical company Merck explain its tax accounting practices, as it reports just 14% of pretax income in the US despite US market being home to 46% of global sales: Ron Weyden / US Senate Committee on Finance→
    April 5, 2022
  • UK Supreme Court holds on the tax deductibility of employee share options required under IFRS 2
    March 29, 2022
  • Annual vs. quarterly provision: Howard Telson / CrossBorder Solutions→
    March 23, 2022

Transfer Pricing News

  • New CbC Reporting Requirements to Apply in Kenya
    July 7, 2022
  • The Evolution of Transfer Pricing in Saudi Arabia
    June 23, 2022
  • The Functional Analysis—What You Need to Know
    June 22, 2022
  • How International Organizations are Changing Transfer Pricing Compliance
    June 22, 2022
  • The OECD’s Tax Transparency in Africa 2022: Africa Initiative Progress Report
    June 22, 2022

US tax focus

  • Policy Paper: Transfer pricing documentation
    July 26, 2022
  • Indonesia Taxes Crypto Asset Transactions
    July 12, 2022
  • New CbC Reporting Requirements to Apply in Kenya
    July 7, 2022
  • The Colombian National Tax and Customs Administration (DIAN) modified 2021’s Resolution 164 related to the Ultimate Beneficial Owner´s Report (RUB).
    July 5, 2022
  • Frustrated with Congress, Intel delays chips groundbreaking ceremony
    June 28, 2022

Trending Now

  • OECD officials note disagreement over digital tax update, reveal plans for tax and transfer pricing guidance by Julie Martin | posted on May 4, 2020
  • US Tax Court resolves Whirlpool tax dispute involving Mexican maquiladora structure by Elisa Kaminsky | posted on May 13, 2020
  • Arm’s length principle mutations: control of risk in the OECD guidelines and variations in practice by Andrew Hickman | posted on January 13, 2021
  • How prudent is it to conduct transfer pricing risk adjustments for captive cost centres? by Smarak Swain | posted on May 4, 2021
  • Nike’s transfer pricing state aid dispute: the underlying issues by Dr. Harold McClure | posted on July 19, 2021
  • Return on assets (ROA) is an unreliable profit indicator by Ednaldo Silva | posted on October 2, 2019
  • OECD lists countries agreeing to country-by-country reporting exchange by Staff | posted on May 4, 2017
  • AgraCity’s Canada transfer pricing dispute: co-distribution and the markup for logistics by Dr. Harold McClure | posted on September 2, 2020

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Copyright © 2021. DISCLAIMER: The information provided herein is general and may not be applicable in all situations. It should not be acted upon without legal advice accounting for a particular situation.