commerce News

Wolters Kluwer Tax Expert Weighs In On Landmark Wayfair Ruling

by Mike Godfrey, Tax-News.com, Washington

Friday, June 29, 2018

The decision by the US Supreme Court to drop the physical presence requirement for states to impose sales tax will have an "incredible impact" on states' tax regimes and revenues, according to Mark Friedlich, Senior Director of Tax and Accounting, North America, Wolters Kluwer. Read Full Story

Tech Groups Raise Concerns About EU Digital Tax

by Ulrika Lomas, Tax-News.com, Brussels

Sunday, July 1, 2018

The European Commission's proposal for a digital services tax would be "deeply harmful" to the EU business environment and may lead to double taxation, a coalition of business and technology groups has warned EU leaders. Read Full Story

US Supreme Court Permits States To Tax Remote Sales

by Mike Godfrey, Tax-News.com, Washington

Tuesday, June 26, 2018

In a landmark decision on June 21, the Supreme Court of the United States overturned existing case law by ruling that a state can collect sales tax on remote sales even when the vendor does not have a physical presence in the state. Read Full Story

Tax Regime Overhaul Announced In Barbados

by Mike Godfrey, Tax-News.com, Washington

Thursday, June 14, 2018

Barbados's new government has issued a new Budget that would raise corporate and income tax rates, repeal the National Social Responsibility Levy and road tax and make other value-added tax and levy changes. Read Full Story

AICPA Urges IRS To Augment Virtual Currency Guidance

by Mike Godfrey, Tax-News.com, Washington

Monday, June 4, 2018

The American Institute of CPAs has urged the Internal Revenue Service to supplement its guidance on the tax treatment of virtual currency transactions with answers to a set of frequently asked questions. Read Full Story

Cayman Islands' Government Promises No New Taxes

by Mike Godfrey, Tax-News.com, Washington

Monday, June 4, 2018

Cayman Finance Minister Roy McTaggart told a recent Chamber of Commerce economic forum that no "coercive revenue measures" will be introduced during the government's term in office, which ends in 2021. Read Full Story

Norway's Parliament Rejects 'Google Tax' Proposal

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, May 29, 2018

Norway's parliament, the Storting, has rejected a legislative proposal for the introduction of a tax on digital business models, labeled the "Google tax," recommending instead that the Government explore the issue of digital taxation in partnership with the OECD. Read Full Story

Canada Urged To Introduce Digital Tax Nexus Rules

by Mike Godfrey, Tax-News.com, Washington

Friday, April 27, 2018

The Canadian Parliament's international trade committee has recommended that the federal Government tax products supplied to Canadian consumers by online platforms. Read Full Story

German Industry Cautions Against EU Digital Tax

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, April 19, 2018

The Federal Association of German Industry has said that proposals for a tax on digital companies will be detrimental to the European economy and exacerbate trade tensions between Europe and the United States. Read Full Story

Poland Draws Fire For 'Draconian' Virtual Currency Tax Policy

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, April 17, 2018

A petition has been started in Poland in protest at the Government's new transaction tax on cryptocurrency trading, which is expected to be applied retrospectively. Read Full Story

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