News
- 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US Trade Representative Robert Lighthizer told a congressional hearing on June 17, 2020, that the US Government has withdrawn from international negotiations on new global tax rules for digital compan … - Tax-News.com: France To Press On With Digital Tax May 28, 2020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: 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 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: 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: 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: 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: 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. - Tax-News.com: OECD Provides Update To G20 On BEPS Work February 20, 2020
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. - Tax-News.com: EU Adds Cayman Isles, Panama, Seychelles To Tax Blacklist February 20, 2020
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. - Tax-News.com: US State Maryland Considering Digital Advertising Tax January 27, 2020
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. - Tax-News.com: US Senate Passes New North American Free Trade Deal January 27, 2020
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. - Tax-News.com: UK Steadfast On Digital Services Tax Plans January 27, 2020
The UK Chancellor, Sajid Javid, has said the UK intends to push ahead with the introduction of a digital services tax from April 2020, despite warnings from the US that it would consider tariffs on UK … - Tax-News.com: France Confirms Digital Tax Delay January 27, 2020
On January 22, 2020, French Finance Minister Bruno Le Maire confirmed that France will suspend collection of its digital services tax this year to prevent the United States from applying retaliatory t … - Tax-News.com: US IRS Updates Virtual Currency FAQs January 15, 2020
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.
