United States News
OECD Releases E-Commerce VAT Toolkit For Asia-Pac States
by Ulrika Lomas, Tax-News.com, Brussels
Monday, March 21, 2022
On March 10, the OECD released a new VAT Digital Toolkit for Asia-Pacific (APAC) nations. The toolkit is intended to support local tax authorities to better collect value-added tax on e-commerce activities. Read Full Story
US IRS To Pause Some Tax Enforcement Proceedings
by Mike Godfrey, Tax-News.com, Washington
Wednesday, February 16, 2022
The US Internal Revenue Service (IRS) has suspended the use of more than a dozen additional letters, including the mailing of automated collection notices, normally issued when a taxpayer owes additional tax and the IRS has no record of a taxpayer filing a tax return. Read Full Story
EU To Table A Digital Tax Proposal In October
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, September 15, 2021
The European Commission has committed to tabling a proposal for a digital tax in October, whether or not an international agreement surfaces from OECD-led talks on new international tax rules for the world's largest firms. Read Full Story
Hong Kong Discusses US Termination Of Shipping Tax Pact
by Mary Swire, Tax-News.com, Hong Kong
Wednesday, August 25, 2021
The Hong Kong Government has said it is looking at potential measures to support the shipping industry following the decision by the US Government to terminate the two territories' agreement that exempted shipping industry income from tax. Read Full Story
US Lawmakers Approve New Cryptoassets Reporting Rules
by Mike Godfrey, Tax-News.com, Washington
Wednesday, August 25, 2021
The US Senate has approved the inclusion of new provisions in the bipartisan infrastructure bill to require intermediaries involved in cryptocurrency trading to report details about transactions. Read Full Story
Wyden Takes Aim At US Pass-Through Income Tax Break
by Mike Godfrey, Tax-News.com, Washington
Friday, August 6, 2021
Senate Finance Committee Chair Ron Wyden (D-OR) has introduced legislation to overhaul the 20 percent deduction for pass-through income introduced into US tax law in 2017. Read Full Story
US IRS Flags Deadline For Q2 Estimated Tax Payments
by Mike Godfrey, Tax-News.com, Washington
Wednesday, June 9, 2021
The US Internal Revenue Service has issued a reminder to taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without incurring a penalty. Read Full Story
Countries Discuss Post-Pandemic Tax Agenda At UN Council Meeting
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, May 12, 2021
Experts speaking at the UN's Economic and Social Council's annual Special Meeting on International Cooperation in Tax Matters concluded that the international community must do more to tackle tax base erosion and profit shifting and offshore tax evasion. Read Full Story
US IRS Reminds Of FBAR Filing Obligation
by Mike Godfrey, Tax-News.com, Washington
Thursday, April 15, 2021
The Internal Revenue Service is reminding US citizens, resident aliens, and any domestic legal entity that the deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is still April 15, 2021. Read Full Story
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