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US Senator Bernie Sanders has stated his intention to introduce legislation into Congress that would impose an "outsourcing tax" on companies moving jobs out of the United States, as well as stripping them of their US tax breaks and benefits. Read Full Story
The European Council has formally adopted a new anti-avoidance directive, which sets rules to prevent base erosion and profit shifting. Read Full Story
European Union member states have reached a compromise agreement on a proposed new anti-tax avoidance directive. Read Full Story
A bill has been introduced by Lloyd Doggett, a senior member of the US House Ways and Means Committee, with the support of 50 other Democrat Representatives, to impose an exit tax on corporations that undertake corporate tax inversions or otherwise renounce their American citizenship. Read Full Story
With regard to the increasing talk in the US Congress on tax reform, American Citizens Abroad has provided the House of Representatives Ways and Means Committee with a full reform proposal for the enactment of residence-based taxation for American expatriates. Read Full Story
French Economy Minister Emmanuel Macron courted controversy in a recent interview by suggesting that France should abolish its wealth tax. Read Full Story
Airports in the United Arab Emirates have begun to introduce exit taxes. Read Full Story
The European Commission has set out the six key measures included in its new Anti-Tax Avoidance Directive, which it said would counteract some of the most common types of aggressive tax planning. Read Full Story
Steven Rosenthal, Senior Fellow at the Urban Institute, has written in the Tax Policy Center blog that Congress could slow corporate tax inversions by imposing an exit tax on US companies with deferred earnings. Read Full Story
Icelandic rules providing for the immediate taxation of companies and shareholders upon the movement or redomiciliation of companies from Iceland to another European Economic Area (EEA) state are not in line with the EEA Agreement, the European Free Trade Agreement Surveillance Authority has ruled. Read Full Story
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