United States News

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

IRS Grants Relief For US Persons Affected By Section 958 Repeal

by Ulrika Lomas, Tax-News.com, Brussels

Friday, October 4, 2019

On October 1, 2019, the United States Treasury Department and the Internal Revenue Service announced a relief for certain US persons that own stock in certain foreign corporations. Read Full Story

Sanders Unveils US Wealth Tax

by Mike Godfrey, Tax-News.com Washington

Friday, September 27, 2019

United States Senator Bernie Sanders (D-VT), a leading contender for the Democratic presidential nomination, has proposed a new tax, as well as a series of enforcement measures, targeting America's wealthiest individuals. Read Full Story

More US States To Tax Remote Sales From October

by Mike Godfrey, Tax-News.com Washington

Friday, September 27, 2019

Many US states will begin to impose sales and use tax obligations on remote sellers and marketplace facilitators from October 1, 2019, largely in response to the United States Supreme Court's landmark decision in the Wayfair case. Read Full Story

US-Switzerland Double Tax Protocol Now In Force

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, September 20, 2019

The Swiss Government on September 20, 2019, announced that it has exchanged instruments of ratification with the United States to bring into force a Protocol to their double tax agreement. 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

IRS Offers Settlement Scheme To Micro-Captives

by Mike Godfrey, Tax-News.com Washington

Friday, September 20, 2019

On September 16, 2019, the United States Internal Revenue Service announced the mailing of a time-limited settlement offer for certain taxpayers under audit who participated in abusive micro-captive insurance transactions. Read Full Story

Poland Said To Have Ditched Plans For Digital Tax

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 13, 2019

According to a recent comment by United States Vice President Mike Pence, the Polish Government has decided not to proceed with a national digital services tax. Read Full Story

US And France Nearing Digital Tax Compromise

by Ulrika Lomas, Tax-News.con, Brussels

Friday, August 30, 2019

The Governments of France and the United States are reportedly close to settling a dispute surrounding France's digital services tax. 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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