v Tax-News.com: US Companies Urge Senate To Approve Tax Treaties By www.tax-news.com Published On :: Fri, 10 May 2019 00:00:00 GMT In a letter published on April 29, 2019, the United States National Foreign Trade Council urged the Senate to approve several pending double tax avoidance treaties. Full Article
v Tax-News.com: EU Takes Action Against Spain Over Rules On Reporting Of Assets By www.tax-news.com Published On :: Thu, 13 Jun 2019 00:00:00 GMT The European Commission is taking Spain to the Court of Justice over the imposition of "disproportionate" sanctions for failure to report assets held abroad. Full Article
v Tax-News.com: US Senate Finance Committee Approves Four Treaties By www.tax-news.com Published On :: Fri, 5 Jul 2019 00:00:00 GMT On June 25, 2019, the United States Senate Foreign Relations Committee approved amendments to four double tax avoidance agreements which have been pending in the Senate for several years. Full Article
v Tax-News.com: US Senate To Vote On Tax Treaty Protocols By www.tax-news.com Published On :: Tue, 16 Jul 2019 00:00:00 GMT The United States Senate could soon approve ratification of four long-pending double tax avoidance treaty protocols. Full Article
v Tax-News.com: US Senate Approves Changes To Four Double Tax Pacts By www.tax-news.com Published On :: Thu, 25 Jul 2019 00:00:00 GMT The United States Senate has approved protocols to four existing bilateral double tax avoidance treaties that have been pending in the chamber for as much as a decade. Full Article
v Tax-News.com: EC Investigates Italian Port Tax Exemptions By www.tax-news.com Published On :: Tue, 26 Nov 2019 00:00:00 GMT On November 15, 2019, the European Commission announced the launch of an in-depth state aid investigation into tax exemptions provided to Italian ports, but welcomed commitments from Spain to abolish similar exemptions for Spanish ports from next year. Full Article
v Tax-News.com: Spain Legislates For Digital Services Tax By www.tax-news.com Published On :: Tue, 17 Mar 2020 00:00:00 GMT 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. Full Article
v Tax-News.com: Canada To Introduce New Anti-Avoidance Measures By www.tax-news.com Published On :: Wed, 13 Apr 2016 00:00:00 GMT The Canadian Government has announced the establishment of an independent advisory committee on offshore tax evasion and aggressive tax planning. Full Article
v Tax-News.com: Canada Provides Update On Anti-Evasion Work By www.tax-news.com Published On :: Tue, 13 Sep 2016 00:00:00 GMT The Canada Revenue Authority is auditing over 750 taxpayers with suspected links to offshore "tax havens" and investigating 20 cases of tax evasion, the Government has said. Full Article
v Tax-News.com: Canada To Ramp Up Efforts Against Tax Evasion By www.tax-news.com Published On :: Mon, 27 Feb 2017 00:00:00 GMT The Canadian Government has said that it will review its tax ruling process and voluntary disclosures program as part of its response to recommendations made last year by a parliamentary committee. Full Article
v Tax-News.com: Isle Of Man To Introduce New VAT Fraud Penalty By www.tax-news.com Published On :: Wed, 28 Feb 2018 00:00:00 GMT The Isle of Man Treasury has announced that a new 30 percent penalty for participation in VAT fraud will be introduced from March 1, 2018. Full Article
v Tax-News.com: EU Committee To Consider VAT Response To Paradise Papers By www.tax-news.com Published On :: Wed, 28 Feb 2018 00:00:00 GMT Value-added tax avoidance will be considered by a new EU anti-tax avoidance committee, the creation of which is expected to be endorsed at an EU parliamentary plenary on March 1, 2018. Full Article
v Tax-News.com: UK Sets Out Upcoming VAT Reform Initiatives By www.tax-news.com Published On :: Fri, 5 Apr 2019 00:00:00 GMT The UK's Chancellor, Philip Hammond, delivering the Spring Statement earlier this month, announced a number of upcoming VAT reform projects. Full Article
v Tax-News.com: Australia To Improve Division 7A Tax Rules For Shareholders By www.tax-news.com Published On :: Fri, 26 Oct 2018 00:00:00 GMT The Australian Government is to simplify taxpayers' compliance with rules designed to prevent shareholders from using private company profits without paying tax at their marginal rates. Full Article
v Tax-News.com: Estonia Tops Tax Foundation's Tax Competitiveness Index By www.tax-news.com Published On :: Mon, 29 Oct 2018 00:00:00 GMT Estonia has topped the Tax Foundation's International Tax Competitiveness Index for the fifth successive year, being deemed to have the "best tax code in the OECD." Full Article
v Tax-News.com: Only Tax-Compliant Firms To Be Allowed Australian Gov't Contracts By www.tax-news.com Published On :: Fri, 23 Nov 2018 00:00:00 GMT Australia is to require businesses seeking to tender for significant federal government procurement contracts to demonstrate their record of tax compliance. Full Article
v Tax-News.com: Australia Explains Early Intervention Program By www.tax-news.com Published On :: Mon, 15 Apr 2019 00:00:00 GMT The Australian Taxation Office has explained how its Early Intervention Strategy helps it to identify tax agents at risk of non-compliance. Full Article
v Tax-News.com: Australia Clarifies Effective Life Of Depreciable Assets By www.tax-news.com Published On :: Tue, 16 Jul 2019 00:00:00 GMT The Australian Taxation Office has released a new ruling on how to calculate the effective life of depreciating assets for income tax purposes, in Taxation Ruling (TR) 2019/5, which is applicable from July 1, 2019. Full Article
v Tax-News.com: Exporters Urge Int'l Reform To Simplify VAT Compliance By www.tax-news.com Published On :: Fri, 20 Sep 2019 00:00:00 GMT 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. Full Article
v Tax-News.com: Australian Tax Changes For Self-Managed Super Funds Effective By www.tax-news.com Published On :: Fri, 11 Oct 2019 00:00:00 GMT Australia has enacted new integrity measures included in the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019 affecting self-managed super funds. Full Article
v Tax-News.com: OECD Provides Update To G20 On BEPS Work By www.tax-news.com Published On :: Thu, 20 Feb 2020 00:00:00 GMT 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. Full Article
v Tax-News.com: J5 Reviews Work To Tackle Cross-Border Tax Crimes By www.tax-news.com Published On :: Tue, 3 Mar 2020 00:00:00 GMT On February 19, 2020, the United States Internal Revenue Service announced that the leaders of the Joint Chiefs of Global Tax Enforcement recently gathered in Sydney, Australia, to review their work and to set priorities for the years ahead. Full Article
v Tax-News.com: Ireland Consults On Capital Gains Tax Relief Review By www.tax-news.com Published On :: Thu, 13 Jun 2019 00:00:00 GMT The Irish Finance Department has launched a consultation on potential changes to the capital gains tax revised entrepreneur relief. Full Article
v Tax-News.com: Ireland Issues E-Brief On Mergers And Divisions By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT The Irish Revenue has published guidance on the tax compliance obligations that arise from mergers and divisions. Full Article
v Tax-News.com: Irish Tax Investigations Typically Last Almost A Year By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT Ireland's Comptroller and Auditor General has released a new report on the Irish Revenue's compliance activities during 2018, and its efforts to improve how it interacts with taxpayers since a review in 2012. Full Article
v Tax-News.com: Costa Rica Clarifies Amendments To Non-Cooperative Tax List By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT Costa Rica's Ministry of Finance has released a statement clarifying its decision to exclude a number of territories with low effective income tax rates from its list of non-cooperative territories. Full Article
v Tax-News.com: Irish Gov't Pledges Individual Tax Cuts, No Digital Tax By www.tax-news.com Published On :: Thu, 6 Feb 2020 00:00:00 GMT Ireland's governing party Fine Gael has published its election manifesto, which includes proposals to reduce the income tax burden and reform the taxation of SMEs. Full Article
v Tax-News.com: Namibia To Repeal 'Harmful' Tax Incentives By www.tax-news.com Published On :: Tue, 3 Mar 2020 00:00:00 GMT Namibia's Minister of Finance, Calle Schlettwein, has tabled a legislative amendment in parliament that will repeal certain tax incentives attached to Export Processing Zones as well as those aimed at the manufacturing sector. Full Article
v Tax-News.com: Abu Dhabi Free Zone Officials Visit China By www.tax-news.com Published On :: Wed, 2 Mar 2016 00:00:00 GMT Officials from the Abu Dhabi Global Market, a free zone in the United Arab Emirates, and the Abu Dhabi Exchange recently visited Shanghai, China, to meet with representatives of key Chinese financial authorities and institutions. Full Article
v Tax-News.com: UK To Close Property Developer Offshore Tax Loophole By www.tax-news.com Published On :: Wed, 1 Jun 2016 00:00:00 GMT The United Kingdom has legislated to stop property developers from using offshore structures in the Crown Dependencies to avoid UK tax on profits. Full Article
v Tax-News.com: Jersey Financial Services Sector Steady Over Past Year By www.tax-news.com Published On :: Thu, 18 Aug 2016 00:00:00 GMT Recently released statistics by Jersey's Government show a steady or improving picture for the financial services sector in 2015. Full Article
v Tax-News.com: Jersey Proposes Infrastructure Levy By www.tax-news.com Published On :: Fri, 23 Jun 2017 00:00:00 GMT Jersey is consulting on the introduction of a land development charge, to be called the Jersey Infrastructure Levy. Full Article
v Tax-News.com: UK, Netherlands Biggest 'Conduits' For Offshore Investment By www.tax-news.com Published On :: Wed, 26 Jul 2017 00:00:00 GMT Researchers at the University of Amsterdam have looked at how corporations make use of particular countries and jurisdictions to minimize their tax liabilities. Full Article
v Tax-News.com: HMRC Shuts Down 'Liberty' Tax Avoidance Scheme By www.tax-news.com Published On :: Mon, 23 Oct 2017 00:00:00 GMT HM Revenue and Customs, the UK tax authority, has welcomed a ruling in its favor against a contrived tax avoidance scheme involving an entity in Jersey and the Cayman Islands. Full Article
v Tax-News.com: Apple Fires Back At Tax Avoidance Accusations By www.tax-news.com Published On :: Wed, 8 Nov 2017 00:00:00 GMT Apple, the world's largest taxpayer, has released a statement seeking to debunk claims in media about its tax payments around the world, following coverage in recent days about it seeking tax mitigation arrangements in Jersey due to international tax changes in Ireland affecting its existing tax arrangements. Full Article
v Tax-News.com: Malta Ratifies BEPS Convention By www.tax-news.com Published On :: Thu, 3 May 2018 00:00:00 GMT Malta has become the latest country to ratify the OECD's multilateral convention to counter base erosion and profit shifting. Full Article
v Tax-News.com: Netherlands Begins International Tax System Review By www.tax-news.com Published On :: Fri, 28 Sep 2018 00:00:00 GMT The Dutch Government has launched a consultation exercise on plans to review the country's tax treaty policy and to draw up a list of low-tax jurisdictions for the purposes of enforcing incoming controlled foreign company rules. Full Article
v Tax-News.com: Singaporean BEPS Treaty Amendments Become Effective By www.tax-news.com Published On :: Fri, 5 Apr 2019 00:00:00 GMT The Inland Revenue Authority of Singapore has announced that the BEPS multilateral instrument entered into force for several of its double tax treaties on April 1, 2019. Full Article
v Tax-News.com: Jersey Reassures Taxpayers Over Return Delays By www.tax-news.com Published On :: Mon, 2 Dec 2019 00:00:00 GMT Revenue Jersey has sought to reassure taxpayers over fears that they will be charged the default effective rate of tax from next January. Full Article
v Tax-News.com: Czech Government Approves Digital Tax By www.tax-news.com Published On :: Mon, 25 Nov 2019 00:00:00 GMT 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. Full Article
v Tax-News.com: HMRC Releases Final Guidance On Loan Charge Review By www.tax-news.com Published On :: Mon, 2 Dec 2019 00:00:00 GMT The UK tax agency HM Revenue and Customs has released guidance for taxpayers affected by the Loan Charge. Full Article
v Tax-News.com: Austria, Ireland Have Failed To Adopt ATAD BEPS Measures By www.tax-news.com Published On :: Fri, 6 Dec 2019 00:00:00 GMT The European Commission has requested that both Austria and Ireland take action to transpose EU-wide interest limitation rules into their respective national laws. Full Article
v Tax-News.com: Dutch Senate Approves Tax Plan By www.tax-news.com Published On :: Mon, 23 Dec 2019 00:00:00 GMT On December 17, 2019, the Dutch Senate approved numerous tax measures as part of the 2020 Tax Plan, including changes to corporate, individual, and value-added taxes. Full Article
v Tax-News.com: Luxembourg's 2020 Budget Approved By Parliament By www.tax-news.com Published On :: Tue, 31 Dec 2019 00:00:00 GMT On December 19, 2019, Luxembourg's Chamber of Deputies approved the Government's Budget for 2020, which among other measures includes important changes to the validity of advanced tax rulings. Full Article
v Tax-News.com: Turkey Extends VAT Exemption For Machinery By www.tax-news.com Published On :: Tue, 31 Dec 2019 00:00:00 GMT On December 24, 2019, a law was published in Turkey's official gazette extending a value-added tax exemption for the purchase of machinery and equipment. Full Article
v Tax-News.com: US IRS Updates Virtual Currency FAQs By www.tax-news.com Published On :: Wed, 15 Jan 2020 00:00:00 GMT The United States Internal Revenue Service has recently updated its list of frequently asked questions and answers on the tax treatment of transactions involving virtual currencies. Full Article
v Tax-News.com: New Austrian Government Agrees On Tax Reforms By www.tax-news.com Published On :: Wed, 15 Jan 2020 00:00:00 GMT The new Austrian coalition government, consisting of the conservative People's Party and the Green Party, has agreed on a program for government, which includes several significant tax measures. Full Article
v Tax-News.com: Malta Told To Amend VAT Rules For Yacht Leasing By www.tax-news.com Published On :: Thu, 20 Feb 2020 00:00:00 GMT The European Commission has again asked Malta to amend its method for calculating VAT on yacht leasing. Full Article
v Tax-News.com: OECD Publishes Comments On CbC Reporting Review By www.tax-news.com Published On :: Tue, 17 Mar 2020 00:00:00 GMT The OECD's public consultation on a review into the new transfer pricing documentation rules proposed as part of BEPS Action 13 has closed. It has published the 79 responses received. Full Article
v Tax-News.com: OECD Releases Cross-Border Int'l Tax Guidance On COVID-19 Issues By www.tax-news.com Published On :: Wed, 15 Apr 2020 00:00:00 GMT The OECD has released guidance for national policymakers on the impact of COVID-19 on the treatment of cross-border workers and the interpretation of international tax treaty rules. Full Article