United States News

France Confirms Digital Tax Delay

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 27, 2020

On January 22, 2020, French Finance Minister Bruno Le Maire confirmed that France will suspend collection of its digital services tax this year to prevent the United States from applying retaliatory tariffs on a range of French goods. Read Full Story

UK Steadfast On Digital Services Tax Plans

by Jason Gorringe, Tax-News.com, London

Monday, January 27, 2020

The UK Chancellor, Sajid Javid, has said the UK intends to push ahead with the introduction of a digital services tax from April 2020, despite warnings from the US that it would consider tariffs on UK-made goods. Read Full Story

US Senate Passes New North American Free Trade Deal

by Mike Godfrey, Tax-News.com Washington

Monday, January 27, 2020

On January 16, 2020, the US Senate voted to approve the US-Mexico-Canada Agreement, which will replace the existing North American Free Trade Agreement. Read Full Story

US State Maryland Considering Digital Advertising Tax

by Mike Godfrey, Tax-News.com Washington

Monday, January 27, 2020

On January 8, 2020, a bill was introduced in the Senate of the US state of Maryland that would impose a tax on revenues associated with digital advertising derived in the state. Read Full Story

IRS Launches Gig Economy Tax Center

by Mike Godfrey, Tax-News.com Washington

Wednesday, January 15, 2020

On January 9, 2019, the United States Internal Revenue Service announced the launch of a new Gig Economy Tax Center, which is intended to help taxpayers meet their tax obligations through more streamlined information. Read Full Story

France And US Seek End To Digital Tax Dispute

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, January 15, 2020

According to French Finance Minister Bruno Le Maire, France and the United States will in the next two weeks attempt to reach a compromise over their ongoing dispute regarding France's new digital services tax. Read Full Story

USTR Holds Public Hearing On French Digital Tax

by Mike Godfrey, Tax-News.com Washington

Wednesday, January 8, 2020

On January 6, 2020, the United States Trade Representative (USTR) announced that an on-the-record but off-camera public hearing would be held on January 7 on proposed action against France's digital services tax (DST). Read Full Story

US IRS Updates Virtual Currency FAQs

by Mike Godfrey, Tax-News.com Washington

Wednesday, January 15, 2020

The United States Internal Revenue Service has recently updated its list of frequently asked questions and answers on the tax treatment of transactions involving virtual currencies. Read Full Story

Tax Extenders Passed In US Spending Package

by Mike Godfrey, Tax-News.com Washington

Monday, December 23, 2019

On December 17, 2019, the United States House of Representatives passed a year-end spending package, which includes legislation extending numerous expired and expiring tax provisions, and repealing certain taxes introduced to help fund the Obamacare health care reforms. Read Full Story