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Americas
US to repeal or revise debt-equity regulations, other tax guidance, under Trump order
US Treasury has identified eight tax regulations — including the section 385 debt-equity regulations, the section 367 regulations affecting foreign goodwill and going concern value, and the section 987 foreign currency regulations — as qualifying for revision under President Trump’s executive order mandating a reduction in . . .
G20
Asia-Pacific
Cyprus
Luxembourg, Cyprus tax treaty published
Luxembourg’s tax administration has released on its website the text of a tax treaty and protocol signed by the Luxembourg. . .
Asia-Pacific
Cyprus
Luxembourg, Cyprus sign tax treaty
Luxembourg and Cyprus have signed a tax treaty, Luxembourg’s Ministry of Finance announced today. The agreement. . .
Americas
Europe
Americas
Americas
US, Saudi Arabia FATCA agreement enters into force
The US Treasury Department has updated its FATCA website, reporting that a Model 1 intergovernmental. . .
Featured News
The lack of transfer pricing comparables: selecting the appropriate box of apples in which to find bananas
Andrew Hickman, consultant and former OECD Transfer Pricing Unit Head, writes that the Platform for Collaboration on Tax’s draft toolkit on transfer pricing comparables would be improved if it minimized the prominence of geographic screening and maximized use of financial ratio screening.. . .
Africa
Jersey, Mauritius sign tax treaty
A tax treaty was signed by Jersey and Mauritius government officials today, according to a government of Jersey . . .
Asia-Pacific
India, Austria tax treaty protocol signed
Indian and Austrian government officials on February 6 signed a protocol to their 1999 tax treaty that would broaden the scope of the countries’ existing framework of exchange of tax. . . .
Europe
Netherlands tax director steps down
The Netherlands’ Director of General Tax Administration, Dr. JAJ (Hans) Leijtens, has resigned his post, the Netherlands government
. . .
Americas
British Virgin Islands set to join OECD Inclusive Framework on BEPS
The British Virgin Islands will join the OECD/G20 Inclusive Framework, pledging to adopt and work toward the implementation of the minimum international tax standards in the OECD/G20 Base Erosion Profit Shifting . . .
Europe
Luxembourg transfer pricing bill would adopt some BEPS changes
Dr. Paloma Schwarz Martínez, University of Luxembourg, discusses a new bill under consideration by Parliament that would incorporate some of the BEPS transfer pricing changes into Luxembourg law . . .
Europe
EU Commission publishes decision to extend Gibraltar state aid probe to tax rulings
The European Commission has published a non confidential version of its decision to open an investigation into whether Gibraltar’s tax ruling practice violates . . .
Americas
Isle of Man tax information exchange agreements with BVI, Cayman Islands, and Romania enter into force
The Isle of Man government announced this week that three tax information exchange agreements signed with other nations. . .
Asia-Pacific
Singapore appoints new Inland Revenue Authority board
Singapore has announced the make up of the members of the Board of Inland Revenue Authority of Singapore (IRAS), effective . . .
Americas
Europe
Petteri Orpo takes over as Finland’s Minister of Finance
Finland’s President on June 22 appointed Petteri Orpo as Minister of Finance . . .
Multinational
OECD appoints EY’s VanderWolk to lead tax treaties, transfer pricing, financial transactions division
The OECD on June 2 announced that Jefferson VanderWolk will take over as Head of the Tax Treaty, Transfer Pricing & Financial Transactions Division at the Centre for Tax Policy and Administration (CPTA) in . . .
Europe
Tax officials address joint audits, public country-by-country reporting, developing country tax incentives
Tax experts, including officials from Germany, the IMF, World Bank Group, and OECD, offered their views on joint audits for multinational corporations, public country-by-country reporting, and tax incentives offered by developing countries at a conference held . . .
Belgium
Belgium’s excess profit tax ruling system: why the Commission thinks it’s illegal State aid
Professor Edoardo Traversa and Pierre Sabbadini analyze the EU Commission’s decision, made public May 5, that Belgium’s excess profit rulings tax scheme is illegal under State aid rules. . .
Asia-Pacific
Australian tax office seeking to fast-track key court disputes with multinationals
The Australian Tax Office (ATO) is working with the Federal Court in an effort to “fast-track” the resolution of strategically important tax cases, Tax Commissioner Chris Jordan said April 21 at a Senate committee hearing on multinational corporation . . .
Americas
Former US Treasury officials dispute proposed tax regulations combating inversions
A group of 18 former US Treasury Department officials today sent a letter to Treasury Secretary Jacob J. Lew, urging the government to reconsider recently issued tax regulations aimed at stopping US companies . . .
Featured News
Countries that accept BEPS minimum standards may participate in global tax effort, OECD says
Any country that agrees to adopt the OECD/G20 base erosion profit shifting (BEPS) project minimum standards and pay an annual fee will be allowed to participate in future BEPS project work, according . . .
Asia-Pacific
Europe
Asia-Pacific
Asia-Pacific
Featured News
Countries approve OECD proposal on VAT/GST collection by digital platforms
MNE Tax contributing editor, Davide Anghileri of the University of Lausanne, discusses the fifth Global Forum on VAT meeting in Melbourne, held March 20-22, where more than 100 jurisdictions, endorsed an OECD report on the role of digital platforms in the collection of VAT/GST on online sales . . ..
Digital Economy
Part one: OECD tax consultation on digitalization features 50+ speakers, diverse viewpoints (pillar one)
More than 50 international tax and transfer pricing experts from business, academia, labor, and non-governmental organizations spoke at a March 13–14 consultation, held at the OECD in Paris, on the tax challenges of digitalization. This article addresses the first day of the consultation which concerned the “pillar one” policy proposals . . .
Asia-Pacific
Europe
