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German Parliament Approves COVID-19 Tax Package

by Ulrika Lomas, Tax-News.com, Brussels

Friday, July 3, 2020

Both houses of the German parliament have now approved the EUR130bn (USD146bn) COVID-19 economic stimulus plan, which includes numerous tax relief measures. Read Full Story


COVID-19: Austria To Bring Forward Individual Income Tax Cut

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 25, 2020

Austrian Finance Minister Gernot Blumel said on June 16, 2020, that elements of an income tax cut package agreed by the governing coalition earlier this year will be brought forward as part of a post-COVID-19 economic stimulus package. Read Full Story


German Cabinet Approves COVID-19 Stimulus Package

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 25, 2020

A EUR130bn (USD148bn) fiscal stimulus package with numerous tax measures, intended to help revive the German economy following the COVID-19 pandemic, was approved by the Federal Cabinet on June 12, 2020. Read Full Story


UAE Adapts Economic Substance Rules To COVID-19

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, June 25, 2020

Read Full Story


Australia Flags Contrived Tax Avoidance Arrangement

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

Thursday, May 28, 2020

The Australian Taxation Office has issued a Taxpayer Alert on mischaracterized arrangements and schemes connected with direct foreign investment into Australian businesses. Read Full Story


Irish Businesses Seek Tax Support To Bounce Back From COVID-19

by Jason Gorringe, Tax-News.com, London

Thursday, May 28, 2020

Irish business association Ibec has called for the establishment of a Commission on Taxation, as part of a package of measures to "reboot" the economy after the coronavirus pandemic. Read Full Story


No New Tax Announcements In New Zealand's 2020 Budget

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

Thursday, May 28, 2020

New Zealand's new 2020 Budget, announced on May 14, highlighted recently enacted tax measures and announced the creation of a new NZD50bn COVID-19 Response and Recovery Fund. Read Full Story


COVID-19: Ireland Eases Close Company Surcharge Rules

by Jason Gorringe, Tax-News.com, London

Friday, May 15, 2020

The Irish Revenue has announced the implementation of temporary measures in relation to the close company surcharge regime, in response to the coronavirus pandemic. Read Full Story


Bill Would Exclude US Territories, Possessions From GILTI Regime

by Mike Godfrey, Tax-News.com Washington

Friday, 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 possessions. Read Full Story


Switzerland To Amend Withholding Tax Act

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, April 15, 2020

The Swiss Federal Council has launched a consultation on proposals to close what it says is a loophole in the withholding tax system, in a bid to strengthen the country's debt market. Read Full Story


New Zealand Enacts COVID-19 Support Bill

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

Monday, March 30, 2020

New Zealand has enacted The COVID-19 Response (Taxation and Social Assistance Urgent Measures) Bill to support businesses and individuals cope with the COVID-19 outbreak. Read Full Story


OECD Publishes Comments On CbC Reporting Review

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 17, 2020

The OECD's public consultation on a review into the new transfer pricing documentation rules proposed as part of BEPS Action 13 has closed. It has published the 79 responses received. Read Full Story











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