regulation News

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

Mauritius Gazettes Budget Tax Measures

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, August 8, 2019

Mauritius has published in its Official Gazette legislation to enact measures announced in the territory's latest Budget, contained in The Finance (Miscellaneous Provisions) Act 2019. Read Full Story

Gibraltar Adopts EU Dispute Resolution Rules

by Jason Gorringe, Tax-News.com, London

Thursday, August 8, 2019

Gibraltar has enacted new regulations to transpose the EU's new tax dispute resolution mechanisms, set out in EU Council Directive 2017/1852, into Gibraltar's domestic tax law. Read Full Story

IRS Provides Additional Transition Tax Guidance

by Mike Godfrey, Tax-News.com, Washington

Thursday, July 25, 2019

On July 16, 2019, the United States Internal Revenue Service announced the publication of additional information to help taxpayers meet their filing and payment requirements in respect of the Section 965 transition tax on untaxed foreign earnings. Read Full Story

Vietnam To Focus On Transfer Pricing Abuse, Tax Debtors

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

Thursday, July 25, 2019

Officials from Vietnam's General Department of Taxation (GDT) are to focus on challenging tax avoidance and evasion involving corporate groups, with an especial focus on transfer pricing. Read Full Story

UAE Introduces CbC Reporting, Economic Substance Rules

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, July 16, 2019

The UAE has recently passed legislation to introduce new country-by-country reporting requirements and new economic substance requirements. Read Full Story