new Tax-News.com: Glencore Wins AUD92m Transfer Pricing Case In Australia By www.tax-news.com Published On :: Thu, 5 Sep 2019 00:00:00 GMT Australia's Federal Court issued a decision in favor of mining company Glencore on September 3, 2019. The case centered on whether dealings between Swiss parent Glencore International AG and an Australian subsidiary breached transfer pricing rules in relation to the sale and purchase of copper concentrate in the 2007-09 years. Full Article
new Tax-News.com: OECD Says Pace Of Global Tax Reform Has Slowed By www.tax-news.com Published On :: Thu, 5 Sep 2019 00:00:00 GMT The pace of tax reform has slowed across most leading economies, a new report from the OECD says, calling for bolder tax reforms to address future challenges. Full Article
new 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
new 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
new Tax-News.com: Netherlands Sets Out 2020 Tax Treaty Goals By www.tax-news.com Published On :: Mon, 27 Jan 2020 00:00:00 GMT On January 20, 2020, the Dutch Ministry of Finance announced the list of countries with which the Netherlands intends to negotiate new or amended double tax treaties in 2020. Full Article
new Tax-News.com: Australia Announces CbC Reporting Changes By www.tax-news.com Published On :: Thu, 20 Feb 2020 00:00:00 GMT The Australian Taxation Office has announced changes to its CbC reporting system following feedback from multinational groups. Full Article
new 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
new 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
new 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
new Tax-News.com: Ireland Consults On Future Of Two Tax Reliefs By www.tax-news.com Published On :: Fri, 5 Jul 2019 00:00:00 GMT The Irish Government is holding a public consultation on the Special Assignee Relief Programme and the Foreign Earnings Deduction, as part of a broader independent review of the reliefs. Full Article
new Tax-News.com: Ireland Issues Guidance On New Anti-Hybrid Mismatch Rules By www.tax-news.com Published On :: Thu, 25 Jul 2019 00:00:00 GMT The Irish Government has released additional guidance on its proposals for new anti-hybrid rules, responding to feedback to a consultation launched in November 2018. Full Article
new Tax-News.com: OECD's Digital Tax Work Has Broad Ramifications For Ireland By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT As a small open economy, Ireland may be affected significantly by the OECD's proposals to modify how taxing rights are allocated among countries, Irish business association Ibec has said. Full Article
new 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
new Tax-News.com: UK Lists Instructions For Traders On Brexit By www.tax-news.com Published On :: Fri, 30 Aug 2019 00:00:00 GMT HM Revenue and Customs has written to VAT-registered businesses that trade with the EU, advising them on how to prepare for changes to customs, excise, and VAT in the event of a no-deal Brexit. Full Article
new Tax-News.com: Ireland Sets Out Plans For Transfer Pricing Regime Changes By www.tax-news.com Published On :: Thu, 5 Sep 2019 00:00:00 GMT Ireland has released a responses document on an ongoing consultation on an update to the country's transfer pricing rules. Full Article
new Tax-News.com: Apple's Irish Tax Ruling Appeal Gets Underway By www.tax-news.com Published On :: Fri, 20 Sep 2019 00:00:00 GMT The Irish Government is arguing that favorable tax treatment was not granted to Apple under two rulings deemed by the EU to have constituted illegal state aid to the company. Full Article
new 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
new Tax-News.com: Ireland Explains Tax Rules For Payments To Non-Resident Landlords By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT The Irish Revenue has updated its Tax and Duty Manual on the taxation of non-resident landlords to clarify a number of obligations. Full Article
new Tax-News.com: Ireland Issues Guide On Dual-Resident Companies By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT The Irish Revenue has published guidance on dual-resident companies that explains new rules introduced under the BEPS multilateral convention on tax treaties. Full Article
new 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
new Tax-News.com: Tax Agencies Meet To Discuss Use Of Big Data Analysis By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT Tax agencies from 31 countries discussed the ways they are using data analysis tools to improve tax enforcement and administration, at the first meeting of the IOTA Forum on Tax Debt Management, held in Prague, Czech Republic, On October 1-3, 2019. Full Article
new Tax-News.com: Ireland Studies Potential Drop In Record High CIT Receipts By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT A reversal of recent surges in corporate tax receipts could hit tax revenues and affect the Ireland's longer-term economic position, according to analysis released by the Irish Finance Department. Full Article
new Tax-News.com: Ireland Publishes 2019 Finance Bill By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT The Irish Government has published its 2019 Finance Bill, which introduces changes to a number of SME-targeted tax incentives and implements a range of measures announced in this month's Budget. Full Article
new Tax-News.com: EU States Shut Down Plans For Public CbC Reporting By www.tax-news.com Published On :: Mon, 2 Dec 2019 00:00:00 GMT EU member states have been unable to reach an agreement on proposals to release to the public information on multinational enterprises' tax affairs. Full Article
new Tax-News.com: Irish Taxpayers Must Renew 2014 Tax Rulings By www.tax-news.com Published On :: Fri, 6 Dec 2019 00:00:00 GMT Companies with a tax ruling dating from 2014 from the Irish Revenue have been encouraged to renew these before they expire. Full Article
new Tax-News.com: Ireland Amends Guidance On MAP Assistance By www.tax-news.com Published On :: Tue, 31 Dec 2019 00:00:00 GMT The Irish Revenue has updated its guidelines on requesting Mutual Agreement Procedure assistance in Ireland. Full Article
new Tax-News.com: Ireland Schedules Election For February 8 By www.tax-news.com Published On :: Mon, 27 Jan 2020 00:00:00 GMT A general election will take place in Ireland on February 8, with Prime Minister Leo Varadkar saying that this date provides a window to ensure a new government is in place ahead of the next European Council meeting in March. Full Article
new 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
new Tax-News.com: Ireland Updates Guidance On EU Exit Tax On IP Flight By www.tax-news.com Published On :: Thu, 20 Feb 2020 00:00:00 GMT The Irish Revenue has updated its guidance on Irish exit tax legislation to reflect changes introduced by Finance Act 2019. Full Article
new 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
new Tax-News.com: Ireland Announces Help For SMEs With Cash-Flow Issues By www.tax-news.com Published On :: Tue, 17 Mar 2020 00:00:00 GMT The Irish Revenue has issued advice on the steps it is taking to help SMEs experiencing cashflow and trading difficulties arising from the impact of the coronavirus. Full Article
new Tax-News.com: Switzerland, South Korea Sign AEOI Declaration By www.tax-news.com Published On :: Fri, 19 Feb 2016 00:00:00 GMT Switzerland and South Korea have signed a joint declaration on the automatic exchange of tax information from 2018. Full Article
new 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
new Tax-News.com: Swiss Council Consults On Automatic Exchange Of Tax Info By www.tax-news.com Published On :: Fri, 20 May 2016 00:00:00 GMT The Swiss Federal Council has launched a consultation on a proposed new Ordinance on the International Automatic Exchange of Information in Tax Matters. Full Article
new 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
new Tax-News.com: Swiss Council Adopts Dispatch On 8 TIEAs By www.tax-news.com Published On :: Thu, 7 Jul 2016 00:00:00 GMT The Swiss Federal Council has adopted a dispatch on the introduction of the automatic exchange of financial account information with eight jurisdictions. Full Article
new Tax-News.com: Jersey, Cyprus Agree New Double Taxation Agreement By www.tax-news.com Published On :: Thu, 14 Jul 2016 00:00:00 GMT Jersey has signed a double taxation agreement with the Republic of Cyprus. This is the island's twelfth agreement that meets the international standard for such agreements. Full Article
new 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
new Tax-News.com: Pakistan Targeting Panama, Bahamas Leaks Taxpayers By www.tax-news.com Published On :: Thu, 20 Oct 2016 00:00:00 GMT Pakistan's Finance Minister, Mohammad Ishaq Dar, has directed the Federal Board of Revenue to approach the tax authorities of nine territories about information in the Panama and Bahamas leaks. Full Article
new Tax-News.com: Switzerland Consults On Implementation Of AEOI Agreements By www.tax-news.com Published On :: Thu, 29 Dec 2016 00:00:00 GMT The Swiss Federal Department of Finance has launched a consultation on the introduction of the automatic exchange of information in tax matters with a series of other countries. Full Article
new Tax-News.com: Jersey Announces Tax Amnesty By www.tax-news.com Published On :: Thu, 6 Apr 2017 00:00:00 GMT Jersey has launched a tax amnesty for prior unpaid taxes that will be offered until the end of 2017. Full Article
new Tax-News.com: Abu Dhabi Tax-Free Zone To Launch Foundations By www.tax-news.com Published On :: Fri, 2 Jun 2017 00:00:00 GMT Abu Dhabi Global Market, the low-tax international financial center, is seeking feedback on its proposal to allow the formation of "foundations," a trust-like entity widely used in civil law jurisdictions. Full Article
new 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
new 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
new Tax-News.com: Turkey Tops New Tax Complexity Index By www.tax-news.com Published On :: Thu, 27 Jul 2017 00:00:00 GMT Turkey is the jurisdiction with the world's most complex tax and accounting requirements, according to a new report by TMF Group. Full Article
new 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
new 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
new Tax-News.com: OECD Global Forum Discusses Tax Transparency Progress By www.tax-news.com Published On :: Fri, 17 Nov 2017 00:00:00 GMT 200 delegates from more than 90 delegations met in Yaoundé, Cameroon, on November 15-17, 2017, for the 10th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes which now includes 147 countries and jurisdictions. Full Article
new Tax-News.com: South Africa, Belgium, Jersey Extend CbC Reporting Deadlines By www.tax-news.com Published On :: Mon, 4 Dec 2017 00:00:00 GMT South Africa, Jersey, and Belgium are among a handful of territories that have recently announced an extension to the due date for country-by-country reports under the new frameworks being introduced under Action 13 of the OECD's base erosion and profit shifting Action Plan. Full Article
new Tax-News.com: Jersey Ratifies BEPS Multilateral Instrument By www.tax-news.com Published On :: Tue, 26 Dec 2017 00:00:00 GMT Jersey has become one of only three jurisdictions to ratify the BEPS multilateral instrument to revise tax treaties to counter base erosion and profit shifting. Full Article