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US Trade Representative Robert Lighthizer told a congressional hearing on June 17, 2020, that the US Government has withdrawn from international negotiations on new global tax rules for digital companies at the OECD.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

IRS Clarifies Tax Treaty References To NAFTA

by Mike Godfrey, Tax-News.com Washington

Thursday, May 28, 2020

On May 19, 2020, the United States Treasury Department and the Internal Revenue Service issued an Announcement which clarifies the interpretation of references in US income tax treaties to the North American Free Trade Agreement once it is replaced by the Agreement between the United States, Mexico and Canada. Read Full Story

US House Passes COVID-19 Stimulus Bill With Tax Measures

by Mike Godfrey, Tax-News.com Washington

Thursday, May 28, 2020

On May 15, 2020, the United States House of Representatives approved the HEROES Act, which amends previous COVID-19-related stimulus legislation by changing loss carryback rules and providing further tax support for businesses and individuals. Read Full Story

France To Press On With Digital Tax

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, May 28, 2020

French Finance Minister Bruno Le Maire has said that the Government intends to introduce a digital services tax this year. Read Full Story

US IRS Sets Out Details Of COVID-19 Tax Breaks

by Mike Godfrey, Tax-News.com Washington

Friday, May 15, 2020

On May 7, 2020, the United States Internal Revenue Service issued a reminder to employers affected by COVID-19 about the tax credits made available to them under the Coronavirus Aid, Relief, and Economic Security Act. Read Full Story

Bill Would Exclude US Territories, Possessions From GILTI Regime

by Mike Godfrey, Tax-News.com Washington

Friday, May 15, 2020

On May 4, 2020, a bill was introduced in the United States House of Representatives to limit the impact of the Global Intangible Low Tax Income regime on businesses based in US territories and possessions. Read Full Story

US IRS Announces TCJA Compliance Campaign

by Mike Godfrey, Tax-News.com Washington

Friday, May 15, 2020

On May 1, 2020, the United States Internal Revenue Service Large Business and International Division announced a new compliance campaign focusing on the 2017 Tax Cuts and Jobs Act and the recently enacted Coronavirus Aid, Relief and Economic Security Act. Read Full Story

IRS Publishes Transfer Pricing FAQs

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 1, 2020

On April 16, 2020, the United States Internal Revenue Service issued a set of frequently asked questions and answers to help inform taxpayers about transfer pricing documentation best practices. Read Full Story

US Taxpayers Can Apply Online For COVID-19 Economic Impact Payments

by Mike Godfrey, Tax-News.com Washington

Friday, May 1, 2020

On April 15, 2020, the United States Internal Revenue Service unveiled the "Get My Payment" online tool that will allow taxpayers to receive economic impact payments under the Coronavirus Aid, Relief, and Economic Security Act. Read Full Story

OECD Releases Cross-Border Int'l Tax Guidance On COVID-19 Issues

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, April 15, 2020

The OECD has released guidance for national policymakers on the impact of COVID-19 on the treatment of cross-border workers and the interpretation of international tax treaty rules. Read Full Story

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