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Ernesto Maria Ruffini takes over as head of Italian tax revenue agency
Ernesto Maria Ruffini is the new director of Italy’s Tax Revenue Agency as . . .
Europe
Ireland’s tax treaty position on the OECD multilateral instrument
Irish chartered accountant JP Canavan discusses Ireland’s decisions regarding the BEPS multilateral instrument, including the effect of its selections regarding permanent establishments, dual residents, and tax treaty abuse . . .
Americas
Europe
Americas
Trump’s tax regulation order: what (besides earnings stripping) could be on the chopping block?
Monte A. Jackel, Senior Council at Akin, Gump, Strauss, Hauer & Feld, discusses a Trump administration executive order, issued last Friday, mandating the review of tax regulations, noting that those hoping the order will lead to the repeal of US earnings stripping and/or inversion tax regulations may wind up disappointed . . . .
Featured News
OECD releases more country-by-country reporting guidance for large multinationals
Davide Anghileri of the University of Lausanne discusses OECD tax guidance, released April 6, which further clarifies the country-by-country reporting rules for large multinational groups . . .
Europe
Carlo Fassbinder appointed Luxembourg Director of Taxation
Carlo Fassbinder is Luxembourg’s new Director of Taxation at the Ministry of Finance, Luxembourg’s Ministry of Finance today announced. Fassbinder was previously head of retail and corporate . . .
Americas
Americas
G20
Countries lose significant revenue from multinational tax avoidance, OECD paper concludes
Multinationals, particularly the largest firms, take advantage of profit shifting to low tax rate countries, mismatches between country tax systems, and preferential tax regimes to significantly lower their tax bills, though countries that strengthen their antiavoidance laws may be able . . .
Multinational
PwC to hire 600+ GE tax professionals
In a surprising move, PwC has agreed to hire more than 600 members of GE’s tax team from around the world and provide tax services to GE on . . .
Asia-Pacific
Hong Kong to implement parent-surrogate country-by-country tax reporting for multinationals
Hong Kong’s Inland Revenue Department on December 22 issued more guidance on country-by-country reporting for large multinationals, including . . .
Americas
Tax information exchange agreement between Isle of Man, Turks and Caicos enters into force
The Isle of Man government on December 14 announced that an agreement for the exchange of information relating to tax matters with the government . . .
Africa
BRICS country tax officials express support for “inclusive framework” on BEPS
Heads of revenue of the BRICS countries – Brazil, Russia, India, China, and South Africa – at a meeting held December 5–6 in Mumbai, expressed support for measures . . .
Europe
Europe
EU Commission proposes to speed resolution of double tax disputes
The EU Commission has today released a proposed directive designed to strengthen existing mechanisms to resolve tax disputes between EU countries that result in double . . .
Europe
Luxembourg, Ukraine sign tax treaty protocol
Luxembourg and Ukraine have signed a protocol to their 1997 tax treaty, Ukraine’s Ministry of Finance announced . . .
Americas
Europe
New UK law allows government to introduce public country-by-country reporting by multinationals
UK tax professional, Tim Law, discusses the implications of a law passed yesterday that gives the government power to require public country-by-country reporting by multinationals . . .
Asia-Pacific
Americas
Proposed debt/equity tax regs need revision, Democrat and Republican lawmakers say
In separate letters, US House Ways and Means Committee Republicans and Democrats have expressed concerns about proposed tax regulations issued last April that recharacterize some cross-border loans . . .
Asia-Pacific
India’s Cabinet approves Belgium/India tax treaty protocol
India’s Cabinet has today approved a protocol to its 1993 tax treaty with . . .
Council of the EU
EU ministers still can’t agree on anti-tax avoidance directive targeting multinationals
EU finance ministers at a June 17 ECOFIN meeting were again unable to reach political agreement on an anti-tax avoidance directive aimed at multinational corporations . . .
Africa
Belgium
EU Commission publishes decision concluding Belgium’s excess profits tax scheme is State aid
The EU Commission today published a non-confidential version of its decision that Belgium’s excess profits tax scheme is illegal under EU State aid rules. The Commission’s decision, first announced in a press release last . . .
Africa
Karanja to head OECD/UN Tax Inspectors Without Borders initiative
Kenyan tax official, James Karanja will lead the joint OECD/UN Tax Inspectors Without Borders (TIWB) initiative effective April 11, the OECD announced today. Karanja is assistant manager of the international tax . . .
