Latest

Denmark

Denmark Supreme Court rules in favor of Adecco in landmark transfer pricing decision

Susi Baerentzen, an Industrial Ph.D. Student at Innovation Fund Denmark, discusses the Denmark Supreme Court’s June 25 decision in the Adecco case, a dispute involving the tax deductibility of royalties and the sufficiency of transfer pricing documentation . . .

Europe

Germany announces tax policy goals for Council of the EU Presidency

Francesca Amaddeo, a researcher at the Tax Law Competence Centre (SUPSI), Manno, Switzerland, discusses Germany’s July 1 announcement of its tax policy priorities for its six-month Council of the EU Presidency . . .

Americas

First look: Cameco Corp. prevails in landmark in transfer pricing case

On June 26, Canada’s Federal Court of Appeal ruled in favor of Cameco Corporation in the transfer pricing . . .

Africa

Draft toolkit on the art of tax treaty negotiation offers tips for developing countries

Francesca Amaddeo, a researcher at the Tax Law Competence Centre (SUPSI), Manno, Switzerland, writes about a draft toolkit for tax administrations on tax treaty negotiation published on June 29 by the Platform for Collaboration on Tax, which is a joint initiative of the IMF, OECD, UN, and World Bank Group (WBG) . . .

Americas

BVI economic substance and beneficial ownership reporting portal goes live: Virgin Islands International Tax Authority→

Europe

German parliament approves VAT rate cut to 16 percent: Reuters→

Multinational

OECD updates database of country tax policy measures in response to the COVID-19 crisis: OECD→

Americas

US tax icon Ed Kleinbard dies after decades of public service, tax scholarship: Paul Caron / TaxProf Blog→

Belgium

Belgium parliament digital tax hearing considers effect of reforms on patent box, features negotiation update by Pascal Saint Amans: Johan Bernardo Langerock / Twitter→

Africa

Gilead’s COVID-19 drug remdesivir: the transfer pricing implications

June 29, 2020

Economist Dr. J. Harold McClure, New York, NY, discusses likely transfer pricing issues associated with Gilead Sciences’ COVID-19 therapy, remdesivir, comparing the transfer pricing treatment of Gilead Sciences’ blockbuster HIV and hepatitis C virus drugs . . .

Europe

Ireland extends DAC6 reporting deadlines to September 30 consistent with EU agreements: Irish Revenue→

June 29, 2020

Europe

Poland poised to launch new corporate income tax regime

June 29, 2020

Dr. Monika Laskowska, Center of Tax Analyses and Studies, Warsaw School of Economics, discusses the Polish government’s announcement that it will introduce the so-called Estonian solution into Poland’s corporate income tax system . . .

Europe

Netherlands confirms extension of DAC6 rules: Mehdi el Manouzi / Twitter→

June 26, 2020

Digital Economy

BIAC reiterates commitment to OECD project to address the tax challenges of the digitalization of the economy: Business at OECD→

June 26, 2020

Americas

US Senators Durbin and Doggett introduce bill to prevent inverted US companies from benefiting from federal COVID-19 assistance: Senator Dick Durbin→

June 25, 2020

Europe

Netherlands to deny COVID-19 aid to companies located in low-tax countries or that make royalty or interest payments to low tax countries: Government of Netherlands→

Africa

Finland funds ATAF effort to strengthen African tax systems: African Tax Administration Forum→

Asia-Pacific

Australia transfer pricing guidance addresses COVID-19 impact

Leslie Prescott-Haar and Sophie Day of TP EQuilibrium AustralAsia discuss June 9 Australian guidance on the impact of COVID-19 on transfer pricing . . .

Council of the European Union

EU Council agrees to extend DAC6 reporting, financial account reporting deadlines

The EU Council today adopted an amending directive allowing EU member states the option to delay by six months the time for filing and exchanging information to meet . . .

Asia-Pacific

Kazakhstan deposits BEPS MLI instrument of ratification with OECD, becoming 48th country to join: OECD→

Americas

Canada-Madagascar tax treaty enters into force: Government of Canada→

Europe

EU Member States agree to defer start date of e-commerce VAT rules

EU Member State representatives on Coreper (the Permanent Representatives Committee) today reached . . .

Africa

Zambia terminates tax treaty with Mauritius: Chris Phiri / Zambia Reports→