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EU Unveils Proposals On Digital Taxation

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 22, 2017

The European Commission has published its vision for the "fair taxation" of the digital economy, with options including a new EU equalization tax on the turnover of digitalized companies. Read Full Story


Spanish Tax On Wind Turbines Lawful, ECJ Says

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 22, 2017

The European Court of Justice has dismissed taxpayers' complaints about a Spanish levy on wind turbines. Read Full Story


IRS Extends Disaster Tax Relief To Georgia

by Mike Godfrey, Tax-News.com, Washington

Friday, September 22, 2017

The IRS has extended disaster tax relief to the entire state of Georgia as part of its coordinated federal response to the damage caused by severe storms and flooding. Read Full Story


OECD Expands Consultation On Offshore Indirect Transfers Of Assets

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 22, 2017

The World Bank has released French and Spanish translations of its Toolkit on the taxation of offshore indirect transfers and extended the deadline for feedback to October 20. Read Full Story


UAE Begins Registering Taxpayers For VAT

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, September 22, 2017

The United Arab Emirates Federal Tax Authority on September 17, 2017, opened its online portal for businesses to register for value-added tax. Read Full Story


Switzerland Consulting On WHT Reforms

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 22, 2017

The Swiss Federal Department of Finance is consulting on proposals to amend the Withholding Tax Ordinance, to more clearly define the rules for non-resident taxpayers. Read Full Story


Australia, Indonesia Pushing To Conclude Trade Deal

by Mary Swire, Tax-News.com, Hong Kong

Friday, September 22, 2017

Trade ministers from Australia and Indonesia have expressed hope that a new Comprehensive Economic Partnership Agreement can be signed by the end of this year, at the latest. Read Full Story


France Extends 'Video Tax'

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 22, 2017

The French Government has issued a decree extending the so-called "video tax" to all digital platforms following an examination of the measure by the European Commission. Read Full Story


Mexico To Waive Tax On Earthquake Donations

by Mike Godfrey, Tax-News.com, Washington

Friday, September 22, 2017

Mexico's Inland Revenue has announced tax concessions to facilitate foreign assistance for people affected by an earthquake in its capital city on September 19. Read Full Story


ATO Publishes Figures On 'Lost' Super

by Mary Swire, Tax-News.com, Hong Kong

Friday, September 22, 2017

The Australian Taxation Office has said that there are over 6.3 million lost and ATO-held superannuation accounts, with a total value of almost AUD18bn (USD14.3bn). Read Full Story


Malaysia To Legislate To Slap GST On Foreign Sellers

by Mary Swire, Tax-News.com, Hong Kong

Thursday, September 21, 2017

Malaysian authorities are developing draft legislation to level the tax playing field between online retailers and domestic bricks and mortar retailers. Read Full Story


Luxembourg Adapting To International Tax Changes, Says S And P

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, September 21, 2017

While Luxembourg is adapting to changes in the international tax environment, a loss of attractiveness due to stricter international tax regulations poses one of the main risks to growth, according to Standard and Poor's. Read Full Story


Irish Finance Minister Discusses Tax Priorities

by Jason Gorringe, Tax-News.com, London

Thursday, September 21, 2017

Finance Minister Paschal Donohoe has said that Ireland's personal tax system "is not economically efficient and is not sustainable." Read Full Story


Scottish Opposition Generally Favors Income Tax Changes

by Jason Gorringe, Tax-News.com, London

Thursday, September 21, 2017

Scottish opposition parties are marginally in favor of raising income tax rates. Read Full Story


Australia, Indonesia Agree To Tariff Cuts

by Mary Swire, Tax-News.com, Hong Kong

Thursday, September 21, 2017

Australia and Indonesia have agreed to proceed promptly with their plan to implement tariff reductions on key commodities. Read Full Story


Cairn Confirms Final Hearing Date In Indian Tax Dispute

by Mary Swire, Tax-News.com, Hong Kong

Thursday, September 21, 2017

Cairn Energy on September 20 provided an update on the arbitration proceedings taking place as a result of its long-running dispute with the Indian tax authority. Read Full Story


Spain's Andalucia To Waive Tax On Most Inheritances

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, September 21, 2017

Spain's Andalucia region is scaling back inheritance tax for estates left to close family members. Read Full Story


UK, Finnish Firms Say Barrier-Free UK-EU Trade Critical

by Jason Gorringe, Tax-news.com, London

Thursday, September 21, 2017

British and Finnish business associations are calling for Brexit negotiators to minimize trade barriers after the UK leaves the EU in March 2019. Read Full Story


China Plans New Free Zones For E-Commerce Activities

by Mary Swire, Tax-News.com, Hong Kong

Thursday, September 21, 2017

China plans to establish more new pilot zones in the nation aimed at supporting cross-border e-commerce platforms in particular. Read Full Story


Macedonia Urged To Refine Tax System

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, September 21, 2017

Macedonia should reduce labor taxes for lower-income workers and seek to maximize value-added tax (VAT), property tax, and fuel tax collections, the International Monetary Fund has said. Read Full Story


Canada-EU Free Trade Deal Applies From September 21

by Mike Godfrey, Tax-News.com, Washington

Wednesday, September 20, 2017

On September 21, the Comprehensive Economic and Trade Agreement between the EU and Canada entered into force provisionally. Read Full Story


Corporate Inversions To Cost US USD12bn By 2027: CBO

by Mike Godfrey, Tax-News.com, Washington

Wednesday, September 20, 2017

So-called tax inversions could cost the US Government up to USD12bn in lost corporate tax revenues by 2027, a new report from the Congressional Budget Office says. Read Full Story


France Unveils Clean Energy Plan

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, September 20, 2017

French Environment and Energy Minister Nicolas Hulot has outlined plans to encourage households to conserve energy and to persuade car owners to switch to greener vehicles, including with new tax measures and government subsidies. Read Full Story


UK To Support Fast-Growing Mid-Sized Firms On Tax

by Amanda Banks, Tax-News.com, London

Wednesday, September 20, 2017

HM Revenue and Customs is launching a new service to provide expert help to rapidly growing mid-sized businesses. Read Full Story


EU Moving Forward With Digital Company Tax Plans

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, September 20, 2017

The European Union's Economic and Financial Affairs Council (ECOFIN) met on September 15-16, 2017, in Tallinn, Estonia, to discuss ways to tackle international tax challenges posed by the digital economy. Read Full Story



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