Digital VAT Regimes Vital To Buoy Countries' Tax Takes: Report

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce. Read Full Story

BVI Rules Out New Taxes In 2021 Budget

by Jason Gorringe, Tax-News.com, London

Tuesday, November 17, 2020

The Government of the British Virgin Islands has announced that it will seek to boost tax collections by modernizing tax administration, not by imposing new taxes. Read Full Story

Cayman Tables Law For Digital Asset Business Regime

by Jason Gorringe, Tax-News.com, London

Tuesday, November 17, 2020

The Government of the Cayman Islands has published legislation in its Official Gazette to introduce a regulatory regime for virtual asset service providers (VASPs). Read Full Story

France To Collect Its Digital Services Tax This Year

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, October 20, 2020

French Minister of Finance Bruno Le Maire has reportedly said that France intends to collect the country's digital services tax in December 2020. Read Full Story

OECD Indicates New Focus On Virtual Currency Tax Issues

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, October 20, 2020

The OECD has released a new report on countries' tax rules for virtual currencies, alongside an announcement that the Common Reporting Standard will be expanded next year to newly cover virtual currency assets. Read Full Story

Cyprus, US To Begin Exchanging CbC Reports

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, September 22, 2020

Cyprus has announced that a deal for the exchange of country-by-country reports between the territory and the US is expected to become effective and cover reporting years starting on or after January 1, 2020. Read Full Story

German FM Scholz Optimistic About 2020 Digital Tax Consensus

by Ulrika Lomas, Tax-News.com, Brussels

Monday, August 31, 2020

German Finance Minister Olaf Scholz is optimistic that an international agreement on taxing the digital economy will be reached this year. Read Full Story

US-Swiss Agreement Published On Mandatory Binding Arbitration

by Mike Godfrey, Tax-News.com Washington

Monday, August 31, 2020

The US Internal Revenue Service (IRS) has released the text of an arbitration agreement between the US and Switzerland, in Internal Revenue Bulletin 2020-35, published August 24. Read Full Story

UK Treasury Rules Out Digital Tax Repeal

by Jason Gorringe, Tax-News.com, London

Monday, August 31, 2020

The UK Government has dismissed speculation that it will repeal its digital services tax in a bid to secure a post-Brexit free trade agreement with the United States. Read Full Story

OECD Releases New Action 14 Peer Review Reports

by Ulrika Lomas, Tax-News.com, Brussels

Friday, July 31, 2020

The OECD has released peer review reports reviewing nine territories' progress towards implementing the BEPS Action 14 standard, on improving tax dispute resolution. Read Full Story

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