BEPS Project Has Triggered Near-Global Tax Reform: OECD

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, July 26, 2018

The OECD has committed to providing proposals to fix the taxation of the digital economy by 2020, in an update to G20 leaders on international efforts to mitigate base erosion and profit shifting (BEPS). Read Full Story

Australian Tax Changes Effective From July 1

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

Friday, July 6, 2018

The Australian Government has set out the numerous changes made to the tax system on July 1 and launched a consultation on new tax rules for "stapled structures." Read Full Story

DeFazio Tables US Anti-Profit Shifting Bill

by Mike Godfrey, Tax-News.com, Washington

Thursday, June 14, 2018

US congressman Peter DeFazio (D-OR) has introduced legislation designed to amend the Tax Cuts and Jobs Act so that incentives for US corporations to shift income and production overseas are reduced. Read Full Story

TCJA Encourages Firms To Shift Profits Offshore, Says ITEP

by Mike Godfrey, Tax-News.com, Washington

Tuesday, June 12, 2018

Aspects of the tax reform legislation in the United States continue to provide an incentive for companies to shift profits offshore by providing more favorable tax treatment to foreign income than domestic profits, the Institute on Taxation and Economic Policy has said. Read Full Story

Peru Ratified OECD's Multilateral Tax Convention

by Ulrika Lomas, Tax-News.com, Brussels

Monday, June 4, 2018

Peru has completed the necessary steps to become a party to the OECD Multilateral Convention on Mutual Assistance in Tax Matters and also the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions. Read Full Story

UK Criticized For Overzealous Offshore Tax Enforcement Plans

by Jason Gorringe, Tax-News.com, London

Thursday, May 17, 2018

The Chartered Institute of Taxation has criticized a new UK government proposal to extend significantly the tax assessment time limits in cases involving offshore tax matters. Read Full Story

Australia Budget Cuts Personal Income Tax

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

Friday, May 11, 2018

In addition to extending an increased expensing limit for small firms, reforming the research and development tax incentive, and committing to further corporate tax cuts, the Australian Government has announced significant personal income tax relief in what is expected to be the last Budget before elections. Read Full Story

Barbados Rejects UK Push For Public Beneficial Ownership Register

by Mike Godfrey, Tax-News.com, Washington

Friday, May 11, 2018

Barbados's Minister of Industry, International Business, Commerce, and Small Business Development, Donville Inniss, has told a Society of Trust and Estate Practitioners (STEP) conference there is no support on the island for a public register of beneficial ownership. Read Full Story

New Zealand Consults On Imposing GST On Low-Value Imports

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

Thursday, May 3, 2018

New Zealand has launched a consultation on proposals to charge goods and services tax on consignments worth less than NZD400, which currently benefit from a tax exemption for low-value imports, from October 1, 2019. Read Full Story

Hong Kong To Ensure ITVF Tax Break For Offshore Investors

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

Friday, April 27, 2018

Hong Kong's Government has published a draft law preserving the profits tax exemption for offshore venture capital funds who participate in the island's new Innovation and Technology Venture Fund. Read Full Story

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