EU Introducing Next Raft Of Anti-BEPS Measures

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 31, 2019

The provisions of the EU's second Anti Tax Avoidance Directive will become effective in all member states from January 1, 2020. Read Full Story

OECD Reports Progress On Improving Tax Ruling Transparency

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 31, 2019

The OECD has provided a progress update on jurisdictions' efforts to comply with the BEPS Action 5 minimum standard, which provides, among other things, for the spontaneous exchange of information on tax rulings between countries. Read Full Story

Canada, Mexico, US Agree Free Trade Deal Amendments

by Mike Godfrey, Tax-News.com, Washington

Monday, December 16, 2019

Canada, Mexico, and the US have signed an agreement on amendments to their proposed new trade pact. Read Full Story

IRS Issues Final Foreign Tax Credit Regulations

by Mike Godfrey, Tax-News.com Washington

Friday, December 6, 2019

On December 2, 2019, the United States Internal Revenue Service issued final regulations on the foreign tax credit following major changes to the US tax code. Read Full Story

Finland To Implement EU Exit Tax

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 15, 2019

On November 7, 2019, the Finnish Ministry of Finance issued a proposal to implement a corporate exit tax, which is based largely on the European Union Anti-Tax Avoidance Directive. Read Full Story

BVI Issues Final Economic Substance Rules

by Jason Gorringe, Tax-News.com, London

Monday, October 28, 2019

On October 9, 2019, the British Virgin Islands International Tax Authority has finalized rules governing the application of the territory's new economic substance requirements, which became effective from January 1, 2019. Read Full Story

Netherlands Planning Slower But Deeper Corporate Tax Cut

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 20, 2019

On September 17, 2019, Dutch State Secretary for Finance Menno Snel presented the Government's 2020 Tax Plan to the House of Representatives. It includes revised plans for corporate tax cuts. Read Full Story

Apple's Irish Tax Ruling Appeal Gets Underway

by Jason Gorringe, Tax-News.com, London

Friday, September 20, 2019

The Irish Government is arguing that favorable tax treatment was not granted to Apple under two rulings deemed by the EU to have constituted illegal state aid to the company. Read Full Story

EFTA And Mercosur Blocs Conclude Free Trade Deal

by Ulrika Lomas, Tax-News.con, Brussels

Thursday, August 29, 2019

The European Free Trade Association (Iceland, Liechtenstein, Norway, and Switzerland) and the Mercosur group of countries (Argentina, Brazil, Paraguay, and Uruguay) concluded in substance a broad-based free trade agreement at the tenth round of negotiations from August 20 to 23, 2019. Read Full Story

IRS To Provide GILTI Penalty Relief To Pass-Through Entities

by Mike Godfrey, Tax-News.com, Washington

Friday, August 30, 2019

On August 22, 2019, a notice was published which announces the intention of the United States Treasury Department and the Internal Revenue Service to issue new regulations providing relief to domestic partnerships and S corporations attempting to comply with final global intangible low-taxed income regulations with respect to shareholdings in controlled foreign corporations. Read Full Story

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