News
- Tax-News.com: US-Swiss Agreement Published On Mandatory Binding Arbitration August 31, 2020
The US Internal Revenue Service (IRS) has released the text of an arbitration agreement between the US and Switzerland, in Internal Revenue Bulletin 2020-35, published August 24. - Tax-News.com: UK Treasury Rules Out Digital Tax Repeal August 31, 2020
The UK Government has dismissed speculation that it will repeal its digital services tax in a bid to secure a post-Brexit free trade agreement with the United States. - Tax-News.com: German FM Scholz Optimistic About 2020 Digital Tax Consensus August 31, 2020
German Finance Minister Olaf Scholz is optimistic that an international agreement on taxing the digital economy will be reached this year. - Tax-News.com: OECD Releases New Action 14 Peer Review Reports July 31, 2020
The OECD has released peer review reports reviewing nine territories' progress towards implementing the BEPS Action 14 standard, on improving tax dispute resolution. - Tax-News.com: US Businesses Urge Against Starting A Digital Tax 'Trade War' July 24, 2020
The United States Council for International Business has called on US authorities to focus its efforts on working with other countries to arrive at an international tax solution to the digitalized eco … - Tax-News.com: US Announces Tariffs On French Goods In Response To DST July 17, 2020
The Office of the US Trade Representative has announced that the US will impose additional duties of 25 percent on imports of certain French products from next year in response to the country's d … - Tax-News.com: J5 Group Marks Two Years Of Collaboration On Tackling Fiscal Crime July 17, 2020
On July 13, 2020, the US Internal Revenue Service (IRS) issued a progress report on the last two years' work of the J5 group of five advanced countries, who are working collaboratively to tackle … - Tax-News.com: US Withdraws From International Digital Tax Talks July 3, 2020
US Trade Representative Robert Lighthizer told a congressional hearing on June 17, 2020, that the US Government has withdrawn from international negotiations on new global tax rules for digital compan … - Tax-News.com: France To Press On With Digital Tax May 28, 2020
French Finance Minister Bruno Le Maire has said that the Government intends to introduce a digital services tax this year. - Tax-News.com: US House Passes COVID-19 Stimulus Bill With Tax Measures May 28, 2020
On May 15, 2020, the United States House of Representatives approved the HEROES Act, which amends previous COVID-19-related stimulus legislation by changing loss carryback rules and providing further … - Tax-News.com: IRS Clarifies Tax Treaty References To NAFTA May 28, 2020
On May 19, 2020, the United States Treasury Department and the Internal Revenue Service issued an Announcement which clarifies the interpretation of references in US income tax treaties to the North A … - Tax-News.com: US IRS Announces TCJA Compliance Campaign May 15, 2020
On May 1, 2020, the United States Internal Revenue Service Large Business and International Division announced a new compliance campaign focusing on the 2017 Tax Cuts and Jobs Act and the recently ena … - Tax-News.com: Bill Would Exclude US Territories, Possessions From GILTI Regime May 15, 2020
On May 4, 2020, a bill was introduced in the United States House of Representatives to limit the impact of the Global Intangible Low Tax Income regime on businesses based in US territories and possess … - Tax-News.com: US IRS Sets Out Details Of COVID-19 Tax Breaks May 15, 2020
On May 7, 2020, the United States Internal Revenue Service issued a reminder to employers affected by COVID-19 about the tax credits made available to them under the Coronavirus Aid, Relief, and Econo … - Tax-News.com: US Taxpayers Can Apply Online For COVID-19 Economic Impact Payments May 1, 2020
On April 15, 2020, the United States Internal Revenue Service unveiled the "Get My Payment" online tool that will allow taxpayers to receive economic impact payments under the Coronavirus Ai … - Tax-News.com: IRS Publishes Transfer Pricing FAQs May 1, 2020
On April 16, 2020, the United States Internal Revenue Service issued a set of frequently asked questions and answers to help inform taxpayers about transfer pricing documentation best practices. - Tax-News.com: US IRS Extends COVID-19 Relief To Gift Taxes April 15, 2020
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-skippi … - Tax-News.com: IRS Launches COVID-19 Employee Retention Tax Credit April 15, 2020
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 pay … - Tax-News.com: OECD Releases Cross-Border Int'l Tax Guidance On COVID-19 Issues April 15, 2020
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. - Tax-News.com: US Senate Passes 'Phase Three' COVID-19 Aid Package March 30, 2020
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 a … - Tax-News.com: Trump Discusses Payroll Tax Cut With Congress March 17, 2020
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, … - Tax-News.com: J5 Reviews Work To Tackle Cross-Border Tax Crimes March 3, 2020
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 a … - Tax-News.com: EU Finance Ministers Issue Joint Statement On Digital Taxation March 3, 2020
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 e … - Tax-News.com: France Confirms Postponement Of DST Payments February 20, 2020
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 upcomin … - Tax-News.com: Democrat Bill Targets GILTI High-Tax Exclusion February 20, 2020
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.
