regulation News

Mauritius Welcomes EU's Endorsement Of Corporate Tax Changes

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

Last updated 15 hours ago | Friday, October 18, 2019

Mauritius has welcomed recognition from the EU that the territory has made appropriate changes to its corporate tax regime to remove harmful elements. Read Full Story

Costa Rica Clarifies Amendments To Non-Cooperative Tax List

by Mike Godfrey, Tax-News.com, Washington

Last updated 15 hours ago | Friday, October 18, 2019

Costa Rica's Ministry of Finance has released a statement clarifying its decision to exclude a number of territories with low effective income tax rates from its list of non-cooperative territories. Read Full Story

IRS Grants Relief For US Persons Affected By Section 958 Repeal

by Ulrika Lomas, Tax-News.com, Brussels

Friday, October 4, 2019

On October 1, 2019, the United States Treasury Department and the Internal Revenue Service announced a relief for certain US persons that own stock in certain foreign corporations. Read Full Story

Sweden Begins Consultation On Anti-Hybrid Rules

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 27, 2019

On September 20, 2019, the Swedish Ministry of Finance commenced a consultation on proposals to tackle hybrid mismatch arrangements. Read Full Story

Poland To Track Heating Fuel Sales To Tackle Tax Evasion

by Ulrika Lomas, Tax-News.com, Brussels

Friday, August 30, 2019

To tackle tax evasion, Poland has announced new registration obligations for those who sell fuels for heating, or those that use such fuels for heating a home or business. Read Full Story

IRS To Provide GILTI Penalty Relief To Pass-Through Entities

by Mike Godfrey, Tax-News.com, Washington

Friday, August 30, 2019

On August 22, 2019, a notice was published which announces the intention of the United States Treasury Department and the Internal Revenue Service to issue new regulations providing relief to domestic partnerships and S corporations attempting to comply with final global intangible low-taxed income regulations with respect to shareholdings in controlled foreign corporations. Read Full Story

US Appeals Court Backs Amazon In Transfer Pricing Case

by Mike Godfrey, Tax-News.com, Washington

Thursday, August 22, 2019

On August 16, 2019, the United States Court of Appeals for the Ninth Circuit issued a decision in favor of Amazon, in a case involving the regulatory definition of intangible assets and the method of their valuation in a cost-sharing arrangement. Read Full Story

Luxembourg Submits Anti-Hybrid Mismatch Law

by Ulrika Lomas, Tax-News.con, Brussels

Thursday, August 22, 2019

On August 8, 2019, the Government of Luxembourg submitted to parliament draft law to implement the requirements of the second European Union Anti-Tax Avoidance Directive (ATAD 2), which tackles hybrid mismatch arrangements. Read Full Story

IRS Responds To Altera Ruling On Cost Sharing Arrangements

by Mike Godfrey, Tax-News.com, Washington

Thursday, August 8, 2019

On July 31, 2019, the United States Internal Revenue Service issued a memorandum for all Large Business and International Division employees informing them of the withdrawal of a directive regarding cost sharing arrangements in the light of the recent Court of Appeals ruling in the Altera case. Read Full Story

Italy Finalizes Rules For New Patent Box Regime

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, August 8, 2019

Italy's tax agency on July 30, 2019, published a definitive version of the rules for the operation of the country's patent box regime. Read Full Story

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