International Law News

Ireland Publishes 2019 Finance Bill

by Jason Gorringe, Tax-News.com, London

Friday, October 18, 2019

The Irish Government has published its 2019 Finance Bill, which introduces changes to a number of SME-targeted tax incentives and implements a range of measures announced in this month's Budget. Read Full Story

Italian Government Approves Draft Budget

by Ulrika Lomas, Tax-News.com, Brussels

Friday, October 18, 2019

On October 16, 2019, the Italian Council of Ministers approved the draft Budget law for 2020, which will prevent an automatic rise in the rate of value-added tax, and includes further measures designed to combat tax avoidance and evasion. Read Full Story

Australian Tax Changes For Self-Managed Super Funds Effective

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

Friday, October 11, 2019

Australia has enacted new integrity measures included in the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019 affecting self-managed super funds. Read Full Story

IRS Expands Virtual Currency Tax Guidance

by Mike Godfrey, Tax-News.com Washington

Friday, October 11, 2019

On October 9, 2019, the United States Internal Revenue Service issued two new pieces of guidance for taxpayers who engage in transactions involving virtual currency. Read Full Story

New Zealand Adds To Real Property Tax Reform Plans

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

Friday, October 18, 2019

New Zealand has released a new consultation on proposals to further clarify the deductibility of holding costs (rates, interest, insurance, etc.) where land that is subject to tax on sale is used privately while it is held. Read Full Story

German Government Approves Climate Plan

by Ulrika Lomas, Tax-News.com, Brussels

Friday, October 4, 2019

On October 1, 2019, the German Federal Cabinet approved financing of EUR54bn (USD59bn) for the Climate Protection Program 2030, which includes the introduction of carbon pricing, as well as other tax measures intended to encourage the use of cleaner forms of transport. Read Full Story

New Zealand Offering Simpler, Cheaper Rulings For SMEs

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

Friday, October 4, 2019

On October 1, 2019, New Zealand's Inland Revenue began offering to SMEs and individuals a simplified tax ruling process that is shorter and cheaper. Read Full Story

OECD To Provide Another Update On Int'l Tax Reform Work

by Ulrika Lomas, Tax-News.com, Brussels

Friday, October 4, 2019

The OECD has announced that the next Tax Talks webcast will be held on October 9. It will update stakeholders on its work to develop new international tax rules. Read Full Story

An Update On Brazil's Efforts To Install VAT

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

Friday, October 4, 2019

Brazil's Government must overcome a number of challenges, including assuaging the concerns of state authorities, if it is deliver on its plans to overhaul the country's complex indirect tax system. Read Full Story

Starbucks' Dutch Tax Ruling Vindicated By EU General Court

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 27, 2019

On the same day the Court ruled against Fiat's appeal, the EU General Court has decided that Starbucks was not in fact granted a selective tax advantage in a Dutch tax ruling, contrary to a European Commission conclusion. Read Full Story

EU Court Upholds Commission's Fiat Tax Ruling Decision

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 27, 2019

The EU General Court has dismissed an appeal brought against the European Commission's decision that a tax ruling granted by Luxembourg to Fiat Chrysler Finance Europe was unlawful. Read Full Story