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International Tax »

Countries Agree To Push For Global 'Digital Tax' Solution By 2020

More than 110 countries and jurisdictions have agreed to review two key concepts of the international tax system, as part of the OECD's response to a mandate from the G20 Finance Ministers to work on the implications of digitalization for taxation. Continue Reading »

International Law »

India Should Target Simpler GST Regime: World Bank

The World Bank has released a new report that recommends how India can simplify and improve the efficiency of its new goods and services tax regime, which was introduced in July 2017. Continue Reading »

Politics & Economics »

UK Invites Input On Potential Measures For Next Budget

Having moved to a single Budget each year, the UK's Spring Statement featured only prospective changes to the UK tax regime, focusing on tax settings for digital firms and a new tax on single-use plastic waste. Continue Reading »

Offshore »

IRS To End Offshore Voluntary Disclosure Program

The Internal Revenue Service has announced plans to close the 2014 Offshore Voluntary Disclosure Program (OVDP) from September 28, 2018. Continue Reading »

Business »

Davis Resigns UK To Shorter Brexit Transition Period

In an interview with UK state news agency BBC's Newsnight, David Davis, the UK's Brexit negotiator, said the UK would "live with" the December 2020 transition deal being offered by the European Union as part of Brexit, even though the UK had sought the later date of March 2021. Continue Reading »

E-Commerce »

Think Tank Urges SCOTUS Ruling For S Dakota In Quill Sales Tax Case

Ahead of the US Supreme Court hearing on South Dakota v. Wayfair, Inc. on April 17, which will discuss whether states may tax internet retailers that have no physical presence within their territory, the Tax Foundation has discussed solutions for taxing e-commerce in the United States. Continue Reading »

Aviation »

Fall-off Noted In German Environmental Tax Burden

Environmental tax revenue as a percentage of Germany's overall tax take has fallen to its lowest level in more than 20 years, according to the country's statistical agency. Continue Reading »

Marine »

EC Scrutinizes Tax Breaks For Polish Shipyards

The European Commission has opened an in-depth investigation into a Polish tax scheme for shipyards, which it says could give shipbuilders an unfair competitive advantage over rivals. Continue Reading »

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