US Withdraws From International Digital Tax Talks

by Mike Godfrey, Tax-News.com Washington

Friday, July 3, 2020

US Trade Representative Robert Lighthizer told a congressional hearing on June 17, 2020, that the US Government has withdrawn from international negotiations on new global tax rules for digital companies at the OECD. 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

Austria Announces COVID-19 Tax Relief Package For Catering Industry

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 15, 2020

On May 11, 2020, the Austrian Ministry of Finance announced a EUR500m (USD542m) package of financial and tax measures to support the hospitality industry, which is being hit particularly hard as a result of the restrictions in place to contain COVID-19. Read Full Story

OECD Releases Taxing Wages 2020 Report

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 15, 2020

The OECD has released its Taxing Wages 2020 report, which highlights that taxes on labor across the OECD countries fell for the sixth consecutive year in 2019. Read Full Story

German EU Presidency Will Focus On Tax Issues: Merkel

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 1, 2020

On April 25, 2020, German Chancellor Angela Merkel said that Germany would attempt to seek agreement on a financial transaction tax and a minimum corporate tax when it assumes the presidency of the European Union in July 2020. Read Full Story

COVID-19: Austria Suspends Tax Administrative Proceedings

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, April 15, 2020

The Austrian Ministry of Finance has announced that proceedings in relation to tax offences and the payment of duties and fees will be extended due to restrictions on movement imposed as a result of the COVID-19 virus. Read Full Story

OECD Releases Seven Dispute Resolution Peer Review Reports

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, April 15, 2020

The OECD has released new stage two peer reviews on seven countries' implementation of the BEPS Action 14 minimum standard, on improving tax dispute resolution, covering Austria, France, Germany, Italy, Liechtenstein, Luxembourg, and Sweden. Read Full Story

COVID-19: Austria Exempts Employee Bonuses From Tax

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, April 15, 2020

The Austrian parliament has approved measures to exempt allowances and bonuses paid to employees from all taxes as part of the Government's economic response to the COVID-19 crisis. Read Full Story

Austria Announces COVID-19 Tax Relief Measures

by Ulrika Lomas, Tax-News.com, Brussels

Monday, March 30, 2020

On March 16, 2020, the Austrian Ministry of Finance announced that it has developed a new form to help companies expedite their claims for coronavirus-related tax relief. Read Full Story

Austria Urged To Lower Labor Tax Burden

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 17, 2020

The IMF has welcomed the Austrian Government's efforts to lower personal income taxes but said that the labor tax burden remains high. Read Full Story

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