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Tax-News.com: Philippines House Passes Financial Services Tax Reforms

The Philippines' House of Representatives on September 9, 2019, approved two bills to overhaul the rates in place on financial services and passive income.




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Tax-News.com: IRS Offers Settlement Scheme To Micro-Captives

On September 16, 2019, the United States Internal Revenue Service announced the mailing of a time-limited settlement offer for certain taxpayers under audit who participated in abusive micro-captive insurance transactions.




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Tax-News.com: Germany Proposes Climate Change Tax Plan

On September 16, 2019, the German conservative parties, the Christian Democrats and the Christian Social Union, published a report calling for reform of environmental taxes and levies to help Germany achieve its emissions reductions targets.




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Tax-News.com: New Zealand Lining Up More Tax Relief For Fledgling Firms

The New Zealand Government has announced that it will adopt two tax incentives proposed by the Tax Working Group: a deduction for "feasibility expenditure" for businesses, and relaxed loss continuity rules.




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Tax-News.com: Algeria Releases 2020 Draft Budget

Algeria has released its draft Budget Law for 2020, including proposals for a number of tax reliefs.




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Tax-News.com: OECD To Provide Another Update On Int'l Tax Reform Work

The OECD has announced that the next Tax Talks webcast will be held on October 9. It will update stakeholders on its work to develop new international tax rules.




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Tax-News.com: New Zealand Adds To Real Property Tax Reform Plans

New Zealand has released a new consultation on proposals to further clarify the deductibility of holding costs (rates, interest, insurance, etc.) where land that is subject to tax on sale is used privately while it is held.




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Tax-News.com: Trinidad And Tobago's Budget Focused At Companies

Caribbean territory Trinidad and Tobago announced changes to corporate tax breaks in its 2020 Budget, in which it committed to clear the almost TTD4.5bn (USD664m) in unpaid VAT refunds.




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Tax-News.com: BVI Issues Final Economic Substance Rules

On October 9, 2019, the British Virgin Islands International Tax Authority has finalized rules governing the application of the territory's new economic substance requirements, which became effective from January 1, 2019.




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Tax-News.com: Warren Announces US Corporate Tax And Wealth Tax Plans

On November 1, 2019, the presidential campaign of United States Senator Elizabeth Warren (D-MA) published plans for a system of universal Medicare that will be partially funded by tax increases on large corporations and wealthy individuals, as well as by stricter anti-tax avoidance rules.




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Tax-News.com: Slovenian Lawmakers Approve Corporate Minimum Tax Plan

On October 23, 2019, Slovenia's National Assembly adopted a package of tax measures which includes changes to corporate, personal, and capital gains taxes.




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Tax-News.com: American Firms Concerned By Canadian Digital Tax Plan

Representatives from US trade and industry associations have voiced concern about a digital services tax proposal floated during the recent Canadian election which they argue will "impose discriminatory requirements on the digital economy."




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Tax-News.com: Korea Enacts 2019 Tax Revision Bill

The Korean Government has announced that the 2019 Tax Revision Bill was enacted on January 6, 2020, with a number of new measures added to the existing proposals.




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Tax-News.com: OECD To Report On Potential Impact Of Its New Digital Tax Rules

The OECD is to host a webcast on February 13, 2020, to present its analysis of the potential impact of its proposals for international tax reform to address the tax challenges arising from the digitalization of the economy.




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Tax-News.com: Indonesia Tables Legislation For Comprehensive Tax Reform

Indonesia has reportedly tabled draft legislation in the House of Representatives to make wide-ranging changes to the tax system, including lowering the corporate tax rate and modernizing rules for digital economy players.




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Tax-News.com: OECD Says Digital Tax Plans Will Boost Most States' Revenues

During a February 13, 2020, webcast, the OECD presented economic analysis on the potential impact of what it has proposed on international tax reform to address the digitalization of the economy.




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Tax-News.com: Ukraine Mulling Tax Breaks For Intellectual Property Income

The Government of Ukraine has announced plans to introduce a special tax regime for certain intellectual property income.




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Tax-News.com: New Zealand Proposing GST Exemption For Crypto-Assets

New Zealand's Inland Revenue Department has announced the launch of a consultation on potential reforms to improve the goods and services tax regime.




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Tax-News.com: Sweden To Make Marketplaces Liable For Evaded VAT

On June 28, 2019, the Swedish Government announced that it has begun the legislative process to implement European Union e-commerce value-added tax reforms.




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Tax-News.com: French Parliament Votes Through Digital Tax

On July 11, 2019, France's proposed digital services tax received parliamentary approval, following approval also from the Senate.




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Tax-News.com: Slovenia To Launch VAT Probe Into Consignees

The Slovenian tax authority announced on July 9, 2019, that it will increase tax compliance checks on companies carrying out certain services for foreign e-commerce platforms to ensure they are charging VAT when required.




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Tax-News.com: Spain To Press Ahead With Digital Tax

Spain's acting Economy Minister, Nadia Calvino, said the Government will seek approval of legislation to introduce a digital services tax at the earliest opportunity.




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Tax-News.com: Mauritius Gazettes Budget Tax Measures

Mauritius has published in its Official Gazette legislation to enact measures announced in the territory's latest Budget, contained in The Finance (Miscellaneous Provisions) Act 2019.




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Tax-News.com: Germany Approves VAT Cut For E-Books

The German Cabinet has approved a proposal to reduce the rate of value-added tax on electronic publications. The rate is expected to drop from January 1, 2020.




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Tax-News.com: USTR Stages Hearing On French Digital Tax Response

On August 19, 2019, the Office of the United States Trade Representative held an off-camera public hearing on France's recently introduced digital services tax, attended by three major technology firms.




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Tax-News.com: US And France Nearing Digital Tax Compromise

The Governments of France and the United States are reportedly close to settling a dispute surrounding France's digital services tax.




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Tax-News.com: Czech Republic Drafts Digital Services Tax Law

On September 5, 2019, the Government of the Czech Republic received from the Ministry of Finance draft legislation for the introduction of a temporary digital services tax, which was first announced in April 2019.




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Tax-News.com: Exporters Urge Int'l Reform To Simplify VAT Compliance

The International Chamber of Commerce has warned that micro-, small-, and medium-sized businesses' growth prospects are being stymied by complex indirect tax regimes. It has released an issues brief that is intended to contribute towards international reform talks being led by the World Trade Organization.




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Tax-News.com: Netherlands Planning Slower But Deeper Corporate Tax Cut

On September 17, 2019, Dutch State Secretary for Finance Menno Snel presented the Government's 2020 Tax Plan to the House of Representatives. It includes revised plans for corporate tax cuts.




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Tax-News.com: More US States To Tax Remote Sales From October

Many US states will begin to impose sales and use tax obligations on remote sellers and marketplace facilitators from October 1, 2019, largely in response to the United States Supreme Court's landmark decision in the Wayfair case.




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Tax-News.com: Austrian Parliament Approves Digital Tax

On September 19, 2019, the lower house of the Austrian parliament approved the first part of a package of tax reforms that will introduce a digital tax as well as bring about changes to certain value-added tax rules.




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Tax-News.com: France To Introduce VAT Requirements For Online Marketplaces

On September 23, 2019, the French Government outlined a number of measures that will be included in the 2020 Finance Law to ensure the payment of value-added tax on items bought by French residents from online marketplaces.




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Tax-News.com: Czech Government Approves Digital Tax

On November 18, 2019, the Government of the Czech Republic announced that it has agreed on a draft law to introduce a tax on digital services, which will now be submitted to parliament.




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Tax-News.com: US Considers Retaliation Against French Digital Services Tax

The United States may impose additional duties of up to 100 percent on certain French products in retaliation for France's digital services tax, which a newly published report by the US Trade Representative has concluded discriminates against certain US companies.




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Tax-News.com: Austria Publishes Digital Tax Guide

The Austrian Ministry of Finance has published guidance in English regarding the Digital Tax Act 2020, which was approved by the upper house of the Austrian parliament on October 10, 2019, and which applies to the provision of digital advertising services from 2020.




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Tax-News.com: USTR Holds Public Hearing On French Digital Tax

On January 6, 2020, the United States Trade Representative (USTR) announced that an on-the-record but off-camera public hearing would be held on January 7 on proposed action against France's digital services tax (DST).




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Tax-News.com: IRS Launches Gig Economy Tax Center

On January 9, 2019, the United States Internal Revenue Service announced the launch of a new Gig Economy Tax Center, which is intended to help taxpayers meet their tax obligations through more streamlined information.




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Tax-News.com: Norway Ready To Implement Digital Tax

Norway's Minister of Finance, Siv Jensen, has said that Norway will adopt a national digital services tax if negotiations towards an international digital tax framework fail to materialize this year.




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Tax-News.com: US State Maryland Considering Digital Advertising Tax

On January 8, 2020, a bill was introduced in the Senate of the US state of Maryland that would impose a tax on revenues associated with digital advertising derived in the state.




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Tax-News.com: Turkey Issues Draft Guidance On Digital Services Tax

The Turkish tax authority has published a draft communique on the application of the digital sales tax, which is set to come into effect on March 1, 2020.




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Tax-News.com: France Confirms Postponement Of DST Payments

France's Directorate General of Public Finance confirmed in a statement issued on February 10, 2020, that companies liable for the country's digital services tax can delay payment of upcoming installments of the tax until December 2020.




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Tax-News.com: OECD Provides Update To G20 On BEPS Work

In a new report for G20 ministers, the OECD has provided an update on its work to tackle tax base erosion and profit shifting relating to multinational businesses.




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Tax-News.com: EU Green Lights E-Commerce Transaction Reporting Rules

The European Council has approved new rules for the exchange of VAT payment data relating to cross-border e-commerce transactions.




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Tax-News.com: EU Finance Ministers Issue Joint Statement On Digital Taxation

The finance ministers of France, Germany, Italy, and Spain have put their names to a statement calling for countries to reach an agreement on solving the tax challenges of the digital economy by the end of 2020.




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Tax-News.com: Turkey Introduces New Digital Services Tax

On March 1, 2020, Turkey's recently approved tax on certain digital services went into effect.




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Tax-News.com: Spain Legislates For Digital Services Tax

The Spanish Government has published the draft bill to introduce a digital services tax in Spain, beginning the formal parliamentary process needed to introduce the measure.




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Tax-News.com: EU Tax Burden Steady In 2015, At 38.7pc Of GDP

The European Commission has published its annual taxation trends report.




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Tax-News.com: EU Car Makers Fear Tax Hike For New Cars

European car manufacturers have called on governments to ensure that a new test for measuring vehicle emissions does not create tax distortions for new cars entering the market.




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Tax-News.com: Malta Launches Tax Breaks For Pension Contributions

Malta's Minister for Finance, Edward Scicluna, recently announced the launch of a number of fiscal incentives, which are intended to boost the take-up of voluntary private pensions.




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Tax-News.com: EU's PANA Committee Visits Switzerland

A delegation from the European Parliament's PANA Committee will travel to Switzerland to discuss the efforts being taken to combat money laundering, terrorist financing, and tax offences.