offshore News
OECD Expands Consultation On Offshore Indirect Transfers Of Assets
by Ulrika Lomas, Tax-News.com, Brussels
Friday, September 22, 2017
The World Bank has released French and Spanish translations of its Toolkit on the taxation of offshore indirect transfers and extended the deadline for feedback to October 20. Read Full Story
Corporate Inversions To Cost US USD12bn By 2027: CBO
by Mike Godfrey, Tax-News.com, Washington
Wednesday, September 20, 2017
So-called tax inversions could cost the US Government up to USD12bn in lost corporate tax revenues by 2027, a new report from the Congressional Budget Office says. Read Full Story
Paper Looks At 'Tax Haven'-Use Trends Globally
by Mike Godfrey, Tax-News.com, Washington
Wednesday, September 13, 2017
The US-based National Bureau of Economic Research has released a new report that looks at which countries' taxpayers have the most wealth stored in so-called "offshore tax havens." Read Full Story
CRA Provides Update On Tax Avoidance Crackdown
by Mike Godfrey, Tax-News.com, Washington
Tuesday, September 12, 2017
Canada's Revenue Minister has provided an update on the progress made by the Government in addressing tax evasion and aggressive tax avoidance. Read Full Story
Companies Begin Paying Taiwan's New 'Netflix Tax'
by Mary Swire, Tax-News.com, Hong Kong
Wednesday, August 23, 2017
Taiwan has said that a total of 45 overseas providers of electronic services have filed value-added tax returns in respect of electronic supplies to the domestic market, under the territory's new "Netflix tax." Read Full Story
Brazil Extends Repetro Tax Regime
by Glen Shapiro, Tax-News.com, Washington
Wednesday, August 23, 2017
Brazil has extended concessionary tax arrangements for oil and natural gas exploration companies to 2040. Read Full Story
EU Considering New Sanctions For 'Tax Havens'
by Ulrika Lomas, Tax-news.com, Brussels
Tuesday, August 15, 2017
The EU is considering four new kinds of sanctions for jurisdictions included on a forthcoming "blacklist" of so-called tax havens, according to reports. Read Full Story
Australia's Federal Gov't Fears Trade Retaliation
by Mary Swire, Tax-news.com, Hong Kong
Tuesday, August 15, 2017
Australia's federal Trade Minister has warned that billions of dollars of exports and thousands of jobs are at risk from the Queensland Government's new state procurement policy. Read Full Story
US Think Tank Says Earning Stripping Regs Should Be Retained
by Mike Godfrey, Tax-News.com, Washington
Wednesday, August 9, 2017
Contrary to calls from businesses from the regulation's withdrawal, the Institute on Taxation and Economic Policy has called on the US Treasury to fully implement and strengthen its final Section 385 anti-earnings stripping debt-equity regulations, designed to reduce the benefits of corporate tax inversions. Read Full Story
BEPS Toolkit Released On Offshore Indirect Transfers
by Ulrika Lomas, Tax-News.com, Brussels
Monday, August 7, 2017
The Platform for Collaboration on Tax, a joint initiative of the OECD, the International Monetary Fund, the United Nations, and the World Bank Group, has launched for consultation a draft toolkit designed to help developing countries address concerns surrounding the tax treatment of offshore indirect transfers of assets. Read Full Story
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