d Tax-News.com: Caribbean Territories To Undergo Dispute Resolution BEPS Peer Review By www.tax-news.com Published On :: Tue, 31 Dec 2019 00:00:00 GMT The OECD has launched a review of dispute resolution mechanisms in place in Aruba, Bahrain, Barbados, Gibraltar, Greenland, Kazakhstan, Oman, Qatar, Saint Kitts and Nevis, Thailand, Trinidad and Tobago, the United Arab Emirates, and Vietnam, as part of follow-up work under BEPS Action Plan Action 14. Full Article
d Tax-News.com: Canada, Mexico, US Agree Free Trade Deal Amendments By www.tax-news.com Published On :: Mon, 16 Dec 2019 00:00:00 GMT Canada, Mexico, and the US have signed an agreement on amendments to their proposed new trade pact. Full Article
d Tax-News.com: Saint Kitts And Nevis Announces Another 'Tax-Free' Budget By www.tax-news.com Published On :: Tue, 31 Dec 2019 00:00:00 GMT The Prime Minister of St Kitts and Nevis and Minister of Finance, Timothy Harris, delivered a "tax-free Budget" on December 12, 2019. Full Article
d Tax-News.com: Tax Extenders Passed In US Spending Package By www.tax-news.com Published On :: Mon, 23 Dec 2019 00:00:00 GMT On December 17, 2019, the United States House of Representatives passed a year-end spending package, which includes legislation extending numerous expired and expiring tax provisions, and repealing certain taxes introduced to help fund the Obamacare health care reforms. Full Article
d Tax-News.com: US State Maryland Considering Digital Advertising Tax By www.tax-news.com Published On :: Mon, 27 Jan 2020 00:00:00 GMT 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. Full Article
d Tax-News.com: US Senate Passes New North American Free Trade Deal By www.tax-news.com Published On :: Mon, 27 Jan 2020 00:00:00 GMT On January 16, 2020, the US Senate voted to approve the US-Mexico-Canada Agreement, which will replace the existing North American Free Trade Agreement. Full Article
d Tax-News.com: Democrat Bill Targets GILTI High-Tax Exclusion By www.tax-news.com Published On :: Thu, 20 Feb 2020 00:00:00 GMT Democrats in the United States Senate have introduced a bill that would block proposals to introduce a "high-tax exemption" to the Global Intangible Low-Tax Income regime. Full Article
d Tax-News.com: EU Adds Cayman Isles, Panama, Seychelles To Tax Blacklist By www.tax-news.com Published On :: Thu, 20 Feb 2020 00:00:00 GMT The EU has added the Cayman Islands, Palau, Panama, and the Seychelles to its list of non-cooperative tax jurisdictions, bringing the total tally to 12 from 8. Full Article
d Tax-News.com: Trump Discusses Payroll Tax Cut With Congress By www.tax-news.com Published On :: Tue, 17 Mar 2020 00:00:00 GMT On March 9, 2020, United States President Donald Trump revealed that the Administration would begin discussions with Congress on potential tax measures to ease the impact of the coronavirus outbreak, including a payroll tax cut. Full Article
d Tax-News.com: US Senate Passes 'Phase Three' COVID-19 Aid Package By www.tax-news.com Published On :: Mon, 30 Mar 2020 00:00:00 GMT On March 25, 2020, the United States Senate overwhelmingly approved the Coronavirus Aid, Relief, and Economic Security Act, which represents the third package of financial aid measures to businesses and individuals affected by the coronavirus crisis and which includes numerous tax provisions to support businesses. Full Article
d Tax-News.com: US IRS Extends COVID-19 Relief To Gift Taxes By www.tax-news.com Published On :: Wed, 15 Apr 2020 00:00:00 GMT On March 27, 2020, the United States Treasury Department and the Internal Revenue Service issued a notice which extends COVID-19-related filing and payment relief to federal gift and generation-skipping taxes. Full Article
d Tax-News.com: IRS Launches COVID-19 Employee Retention Tax Credit By www.tax-news.com Published On :: Wed, 15 Apr 2020 00:00:00 GMT On March 31, 2020, the United States Treasury Department and the Internal Revenue Service launched the Employee Retention Credit scheme, designed to encourage businesses to keep employees on their payroll amid the COVID-19 crisis. Full Article
d Tax-News.com: EU Auditors Concerned By Customs Tax Loopholes By www.tax-news.com Published On :: Fri, 8 Dec 2017 00:00:00 GMT EU customs controls are not being applied effectively, an EU audit has found, with importers able to take advantage of loopholes to reduce or evade their duty liabilities. Full Article
d Tax-News.com: Tax Agencies To Discuss TP Proactively With Willing MNEs By www.tax-news.com Published On :: Wed, 7 Feb 2018 00:00:00 GMT The OECD has recently launched a new program – the International Compliance Assurance Programme – being spearhead by the Forum on Tax Administration that is aimed at providing assurance to multinationals with regards to their transfer pricing affairs. Full Article
d Tax-News.com: OECD Releases New Dispute Resolution Peer Reviews By www.tax-news.com Published On :: Tue, 13 Mar 2018 00:00:00 GMT The OECD on March 12 released a third round of peer reviews of countries' efforts to implement the BEPS minimum standard on improving tax dispute resolution mechanisms. Full Article
d Tax-News.com: New Finland-Spain Tax Treaty Effective 2019 By www.tax-news.com Published On :: Wed, 23 May 2018 00:00:00 GMT A new tax treaty between Finland and Spain, which will broaden the Finnish Government's taxing rights with respect to pension income, will be effective from 2019, according to the Finnish Ministry of Finance. Full Article
d Tax-News.com: Spain's PM Proposes Minimum Corporate Tax Burden By www.tax-news.com Published On :: Mon, 23 Jul 2018 00:00:00 GMT Spanish Prime Minister Pedro Sanchez has pledged to reform Spain's corporate tax rules so that companies pay an effective rate no lower than 15 percent. Full Article
d Tax-News.com: Spain To Press Ahead With Digital Tax By www.tax-news.com Published On :: Fri, 12 Oct 2018 00:00:00 GMT The Spanish Government will proceed with a proposal to introduce a digital services tax along similar lines to the European Commission's proposed interim digital tax. Full Article
d Tax-News.com: HMRC Focusing On Image Rights Tax Avoidance By www.tax-news.com Published On :: Mon, 29 Oct 2018 00:00:00 GMT The UK tax agency has confirmed that it is investigating around 170 professional soccer players' tax affairs and around 20 football clubs, focusing on the taxation of image rights. Full Article
d Tax-News.com: Brexit Withdrawal Agreement Put To UK Lawmakers By www.tax-news.com Published On :: Fri, 23 Nov 2018 00:00:00 GMT An agreement has been reached between the European Union and the United Kingdom on Brexit, which, if approved by UK lawmakers, would establish a transition period, until the end of 2020, during which EU law would continue to apply to the UK. Full Article
d 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
d Tax-News.com: Spain To Press Ahead With Digital Tax By www.tax-news.com Published On :: Thu, 25 Jul 2019 00:00:00 GMT 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. Full Article
d 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
d Tax-News.com: Isle Of Man Ship Registry's STCW Platform Praised By www.tax-news.com Published On :: Fri, 19 Feb 2016 00:00:00 GMT The implementation of a new system by the Isle of Man Ship Registry for processing online applications for Standards of Training, Certification, and Watchkeeping for Seafarers endorsements has been hailed a great success by its clients. Full Article
d 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
d 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
d Tax-News.com: IoM: Time Running Out For Tax Amnesty Declarations By www.tax-news.com Published On :: Thu, 22 Sep 2016 00:00:00 GMT The Isle of Man Treasury has warned that time is running out for taxpayers who have failed to declare all their taxable income. Full Article
d 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
d Tax-News.com: Dassault Responds To Paradise Paper Leaks By www.tax-news.com Published On :: Mon, 13 Nov 2017 00:00:00 GMT French aircraft manufacturer Dassault Aviation has issued a statement on its tax arrangements in response to media coverage of the so-called "Paradise Papers." Full Article
d Tax-News.com: IoM Budget Includes Plan For Bank Tax By www.tax-news.com Published On :: Thu, 22 Feb 2018 00:00:00 GMT The Isle of Man's 2018 Budget maintains the zero percent company tax rate, and announces a banking tax review, which will look at taxing all banking profits at the 10 percent rate from next year. Full Article
d 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
d 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
d 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
d 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
d Tax-News.com: Australian Tax Office Expands Data Matching Program By www.tax-news.com Published On :: Fri, 2 Nov 2018 00:00:00 GMT The Australian Taxation Office has announced that it is expanding its data matching program to focus on information it receives from partner organizations on shares held by taxpayers. Full Article
d Tax-News.com: OECD Reports Progress On Harmful Tax Regimes Work By www.tax-news.com Published On :: Fri, 23 Nov 2018 00:00:00 GMT Releasing a progress update, the OECD said international efforts to curb harmful tax practices and prevent the misuse of preferential tax regimes are having a tangible impact worldwide. Full Article
d 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
d Tax-News.com: Australian Regulator Flags Important Accounting Standard Changes By www.tax-news.com Published On :: Fri, 7 Dec 2018 00:00:00 GMT The Australian Securities and Investments Commission has highlighted the significant impact that recent accounting standard changes will have for financial reports that must be prepared for the year to December 31, 2018, and second quarter reports. Full Article
d Tax-News.com: Australia Explains Tax Disclosure Obligation On Largest Firms By www.tax-news.com Published On :: Tue, 12 Feb 2019 00:00:00 GMT The Australian Taxation Office has issued an e-brief on how companies can assess if they are required to submit a reportable tax position schedule. Full Article
d Tax-News.com: Australia Toughens Tax Rules For Procurement Bids By www.tax-news.com Published On :: Fri, 5 Apr 2019 00:00:00 GMT The Australian Government is to implement a new government procurement process that will require the tenderer's tax record to be taken into account. Full Article
d Tax-News.com: Australia Brings Forward Personal Income Tax Reform In 2019 Budget By www.tax-news.com Published On :: Fri, 5 Apr 2019 00:00:00 GMT Australian Treasurer Josh Frydenberg has announced that the Government will bring forward the start date for its package of income tax cuts. Full Article
d Tax-News.com: Australia Issues Ruling On Hybrid Mismatch Rules By www.tax-news.com Published On :: Mon, 15 Apr 2019 00:00:00 GMT The Australian Taxation Office has opened a consultation on a draft Law Companion Ruling on the targeted integrity rule that will apply under the new hybrid mismatch regime. Full Article
d Tax-News.com: NZ Accountants Welcome Tax Reform Decisions By www.tax-news.com Published On :: Mon, 29 Apr 2019 00:00:00 GMT Chartered Accountants Australia and New Zealand (CA ANZ) has given a guarded welcome to the New Zealand Government's response to the recommendations of the Tax Working Group. Full Article
d Tax-News.com: Australia Explains End-Of-Year Reporting Under STP By www.tax-news.com Published On :: Mon, 29 Apr 2019 00:00:00 GMT The Australian Taxation Office has issued guidance on how employers can prepare for end-of-year reporting under the new Single Touch Payroll system. Full Article
d 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
d Tax-News.com: Australia May Make Directors Liable For Unpaid GST In Folded Companies By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT Legislation before Australia's parliament would make company directors liable for a failed company's GST liabilities in certain circumstances. Full Article
d Tax-News.com: Australian High Court Allows Use Of Leaked Data In Tax Probes By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT The Australian Taxation Office has welcomed a significant ruling from Australia's High Court, which enables the tax agency to use information obtained from data leaks, even if leaked from a law firm. Full Article
d 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
d 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
d 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