Europe
Latest
Americas
Bulgaria
Featured News
Africa
US has agreed to country-by-country tax info exchange with 11 countries, OECD says
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 . . .
Council of the European Union
EU adopts directive halting multinational tax avoidance through hybrid mismatches with third countries
Davide Anghileri of the University of Lausanne writes about today’s decision by the Council of the European Union to adopt a directive regarding hybrid mismatches with third countries, known as ATAD 2 . . .
Europe
Europe
Africa
Hong Kong agrees to automatic exchange of tax information with South Africa and Portugal
Hong Kong has agreed to automatic exchange of financial account information in tax matters with the governments of South . . .
Africa
Singapore, Ghana sign tax treaty
Singapore and Ghana have signed tax treaty, the Inland Revenue Authority of . . .
Asia-Pacific
Americas
Amazon wins $1.5 billion transfer pricing dispute in US Tax Court
Amazon.com Inc on March 23 won a US Tax Court case, fending off IRS transfer pricing adjustments relating to payments under a cost-sharing agreement (CSA) with a Luxembourg subsidiary. The transfer pricing adjustments would have increased. . .
Multinational
Americas
Americas
Mnuchin sworn in as US Treasury Secretary
Steven T. Mnuchin was sworn in to serve as US Secretary of the Treasury on February 13. In this capacity, Mnuchin will be the principal. . .
Europe
Ireland’s legal arguments in Apple State aid tax case published
Mary Cosgrove, a tax lecturer at the J. E. Cairnes School of Business & Economics at the National University of Ireland, discusses Ireland’s arguments in the Apple State aid case before the Court of Justice of the European Union, as revealed in the government’s summary of legal proceedings, released today . . . .
Europe
Luxembourg must allow court challenge to validity of French tax information exchange request, CJEU Advocate General says
EU law requires that a company be given the opportunity to challenge a tax information order issued to implement a tax exchange of information request on the grounds that the request lacks “forseeable relevance,” Advocate . . .
Americas
US IRS issues FATCA regulations, updates agreements for FFIs, QIs
The US IRS in late December issued a slew of FATCA guidance, including updated agreements for foreign financial institutions and qualified intermediaries (QIs). Included in the release were . . .
Asia-Pacific
Australia publishes tax bills of large domestic and foreign businesses
The Australian government on December 9 released its latest corporate tax transparency report, making public the 2014–15 tax details of 1,904 large . . .
Americas
WTO ruling prohibits Boeing’s Washington State tax break: BBC News→
See: BBC News. More: CBS News, Wall Street Journal, Seattle Times. Original Source: WTO.
Europe
Europe
Americas
Asia-Pacific
Australia proposes new debt-equity tax rules
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
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
EU Commission scoreboard identifies non-EU countries that potentially enable tax avoidance
As part of an effort to devise an EU-wide common list of tax havens, the EU Commission today released a scoreboard designed to help identify countries located outside the EU that enable multinational corporation tax avoidance. Eighty-one countries – including the US, China, and India – were identified. . .
Americas
Japan, Panama sign tax information exchange agreement regarding Panama City
In an effort to combat tax evasion, Japan and Panama have signed a tax information exchange agreement relating to tax matters in Panama City, Japan’s . . .
Europe
UK to extend country-by-country tax reporting to partnerships
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
India and Cyprus agree to revise tax treaty, remove Cyprus from tax blacklist
India and Cyprus have completed negotiations for a new tax treaty that allows for source-based taxation of capital gains from the alienation of shares and have agreed to Cyprus’s removal from India’s blacklist of “notified jurisdictional areas,” Cyprus’s . . .
Asia-Pacific
Singapore and Cambodia sign tax treaty, text available
Singapore and Cambodia have signed a tax treaty, the Inland Revenue Authority of Singapore has . . .
Americas
Europe
Asia-Pacific
Australian guidance details procedure when transfer pricing adjustments affect customs values
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 . . .
Europe
Switzerland/France tax treaty amendments enter into force
Amendments to the 1966 tax treaty between Switzerland and France tax entered into force today enhancing . . .
Europe
Europe
Switzerland to sign BEPS country-by-country reporting multilateral agreement
Swiss tax officials intend to sign next week a multilateral agreement to implement country-by-country reporting developed under the OECD/G20 base erosion profit shifting (BEPS) plan, Switzerland’s Federal . . .
Americas
Asia-Pacific
Africa
