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controlled foreign corporations (CFC) News




South Africa Legislates For Budget Tax Changes

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, July 20, 2017

The South African Revenue Services and the National Treasury on July 19 released for public comment draft legislation that would give effect to the tax proposals announced in the February Budget. Read Full Story

 


OECD Backs US International Tax Reform Efforts

by Ulrika Lomas, Tax-News.com, Brussels

Friday, June 17, 2016

The Organisation for Economic Co-operation and Development has, in its recent economic survey of the United States, welcomed steps taken by the Government to reform the country's international tax system. Read Full Story

 


US House Democrats Propose Corporate Exit Tax

by Mike Godfrey, Tax-News.com, Washington

Wednesday, May 4, 2016

A bill has been introduced by Lloyd Doggett, a senior member of the US House Ways and Means Committee, with the support of 50 other Democrat Representatives, to impose an exit tax on corporations that undertake corporate tax inversions or otherwise renounce their American citizenship. Read Full Story

 


SARS Issues Guide On Headquarter Company Taxation

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, February 23, 2016

The South African Revenue Service has issued an interpretation note that provides guidance on the application of the Income Tax Act to headquarter companies. Read Full Story

 


Ryan Questions If Tax Waivers Part Of US-Iran Deal

by Mike Godfrey, Tax-News.com, Washington

Friday, September 25, 2015

US House of Representatives Ways and Means Committee Chairman Paul Ryan has sent a letter to President Barack Obama asking him to clarify whether he intends to waive tax code provisions directed at illicit Iranian behavior. Read Full Story

 


Italy Amends Country 'Black Lists'

by Ulrika Lomas, Tax-News.com, Washington

Monday, April 6, 2015

On April 1, Italy's Minister of the Economy and Finance, Pier Carlo Padoan, signed two decrees that modify Italy's "black lists," and announced on the same day that Italy and the Vatican had signed their previously agreed tax information exchange agreement. Read Full Story

 


US Multinational Profits Drawn To Low-Tax Territories

by Mike Godfrey, Tax-News.com, Washington

Wednesday, February 6, 2013

A new study from the US Congressional Research Service shows that over the past decade, US multinationals have declared greater shares of their profits in low-tax jurisdictions. Read Full Story

 


End In Sight For Vodafone's Indian Tax Dispute

by Mary Swire, Tax-News.com, Hong Kong

Thursday, January 31, 2013

India's tax authorities are to hold a third rounds of talks with telecoms giant Vodafone in an effort to resolve their protracted dispute, Finance Minister P. Chidambaram confirmed in a series of interviews. Read Full Story

 


Vodafone, India To Talk Tax

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, January 15, 2013

Representatives of the Indian tax authorities are set to meet with with telecoms giant Vodafone this week in an effort to resolve their long running tax dispute. Read Full Story

 


Vodafone Handed Indian Tax Bill Reminder

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, January 8, 2013

Telecoms giant Vodafone has confirmed that it has received a "reminder" from the Indian tax authorities relating to a back tax bill that was thought to have been settled by a court ruling earlier this year, a sign that the dispute over its 2007 acquisition of Hutchinson Essar is unlikely to end soon. Read Full Story

 

 

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