UK Legislates To Adopt New EU VAT Rules For Vouchers

by Jason Gorringe, Tax-News.com, London

Friday, July 6, 2018

On July 6, 2018, the UK Government issued draft legislation that would transpose new EU value-added tax rules on vouchers into UK law, along with an explanatory memorandum of the changes. Read Full Story

OECD Welcomes Dutch Efforts To Counter BEPS

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, July 4, 2018

The OECD has welcomed efforts by the Dutch Government to tackle base erosion and profit shifting but called for the overall tax regime to be simplified, including in area of value-added tax. Read Full Story

Wolters Kluwer Tax Expert Weighs In On Landmark Wayfair Ruling

by Mike Godfrey, Tax-News.com, Washington

Friday, June 29, 2018

The decision by the US Supreme Court to drop the physical presence requirement for states to impose sales tax will have an "incredible impact" on states' tax regimes and revenues, according to Mark Friedlich, Senior Director of Tax and Accounting, North America, Wolters Kluwer. Read Full Story

EFTA States Sign New Free Trade Deals

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, July 4, 2018

The European Free Trade Association states – Switzerland, Liechtenstein, Iceland, and Norway – signed a free trade agreement with Ecuador on June 25, 2018, and upgraded the bloc's existing free trade deal with Turkey. Read Full Story

US Supreme Court Permits States To Tax Remote Sales

by Mike Godfrey, Tax-News.com, Washington

Tuesday, June 26, 2018

In a landmark decision on June 21, the Supreme Court of the United States overturned existing case law by ruling that a state can collect sales tax on remote sales even when the vendor does not have a physical presence in the state. Read Full Story

Switzerland To Exchange First Swiss CbC Reports In June

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

Thursday, June 21, 2018

Switzerland is preparing to exchange multinational groups' country-by-country reports with 35 partner states at the end of June. Read Full Story

Netherlands To Champion EU VAT Law Change For Cost-Sharing Groups

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 14, 2018

The Dutch Ministry of Finance has reassured taxpayers that it seeking to resolve at EU level reform of the EU's value-added tax rules concerning cost-sharing groups, following the European Court of Justice's rulings in DNB Banka (Case C-326/15) and Aviva Towarzystwo (Case C 605/15). Read Full Story

Tax Regime Overhaul Announced In Barbados

by Mike Godfrey, Tax-News.com, Washington

Thursday, June 14, 2018

Barbados's new government has issued a new Budget that would raise corporate and income tax rates, repeal the National Social Responsibility Levy and road tax and make other value-added tax and levy changes. Read Full Story

TCJA Encourages Firms To Shift Profits Offshore, Says ITEP

by Mike Godfrey, Tax-News.com, Washington

Tuesday, June 12, 2018

Aspects of the tax reform legislation in the United States continue to provide an incentive for companies to shift profits offshore by providing more favorable tax treatment to foreign income than domestic profits, the Institute on Taxation and Economic Policy has said. Read Full Story

India To Expedite Resolution Of Tax Disputes In June

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

Tuesday, June 12, 2018

India's Central Board of Direct Taxation announced on June 7, 2018, that during the first two months of June tax officials have been tasked with resolving disputes with taxpayers. Read Full Story

AICPA Urges IRS To Augment Virtual Currency Guidance

by Mike Godfrey, Tax-News.com, Washington

Monday, June 4, 2018

The American Institute of CPAs has urged the Internal Revenue Service to supplement its guidance on the tax treatment of virtual currency transactions with answers to a set of frequently asked questions. Read Full Story

Peru Ratified OECD's Multilateral Tax Convention

by Ulrika Lomas, Tax-News.com, Brussels

Monday, June 4, 2018

Peru has completed the necessary steps to become a party to the OECD Multilateral Convention on Mutual Assistance in Tax Matters and also the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions. Read Full Story

• 04/06/2018 Denmark To Cut Tax Appeal Waiting Times »
• 01/06/2018 Surveys Suggest Taxpayers Satisfied With TCJA, Says Hatch »
• 31/05/2018 Denmark Lining Up Tax Relief For Sharing Economy Income »
• 30/05/2018 EU Adopts Tax Transparency Rules For Intermediaries »
• 30/05/2018 IRS Issues New Strategic Plan »
• 24/05/2018 Corporate Tax Cut Plan Before Filipino Lawmakers »
• 23/05/2018 Thailand Introduces Virtual Currency Trading Tax Rules »
• 22/05/2018 EU Challenges Hungarian, Italian, Romanian Tax Provisions »
• 17/05/2018 Ireland Releases Virtual Currency Tax Guidance »
• 16/05/2018 Singapore Legislates For IP Tax Concession Reform »
• 16/05/2018 EU Council Adopts Directive To Make Company Ownership Data Public »
• 07/05/2018 India Announces Plans To Simplify GST Filing, Overhaul Refund System »
• 04/05/2018 UAE Waives VAT On Precious Metals Trading »
• 03/05/2018 Ambitious Tax System Changes Still Necessary In Greece: OECD »
• 30/04/2018 Luxembourg Gazettes New IP Box Regime »
• 30/04/2018 Hong Kong To Ensure ITVF Tax Break For Offshore Investors »
• 26/04/2018 EU Seeks To Prevent BEPS With New Company Law Rules »
• 25/04/2018 Hong Kong Tables Bill For Research And Development Tax Breaks »