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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