Democrat Bill Targets GILTI High-Tax Exclusion

by Mike Godfrey, Tax-News.com Washington

Thursday, February 20, 2020

Democrats in the United States Senate have introduced a bill that would block proposals to introduce a "high-tax exemption" to the Global Intangible Low-Tax Income regime. Read Full Story

UK Reports On Adoption Of EU's DAC6 Tax Scheme Reporting Rules

by Jason Gorringe, Tax-News.com, London

Wednesday, January 15, 2020

On January 8, 2020, the UK Government released a policy paper setting out how the UK will temporarily adopt the "DAC 6" EU disclosure requirements on intermediaries that design or sell potentially harmful tax schemes. Read Full Story

Korea Enacts 2019 Tax Revision Bill

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

Wednesday, January 15, 2020

The Korean Government has announced that the 2019 Tax Revision Bill was enacted on January 6, 2020, with a number of new measures added to the existing proposals. Read Full Story

German FinMin Outlines 2020 Tax Changes

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 31, 2019

The German Ministry of Finance has outlined a number of tax changes that are due to take effect in 2020 and 2021. Read Full Story

Argentina Further Extends Transfer Pricing Deadlines

by Mike Godfrey, Tax-News.com, Washington

Monday, December 16, 2019

Argentina's tax agency has announced further extensions to tax filing dates for transfer pricing filings for financial years ending on December 31, 2018. Read Full Story

IRS Issues Final Foreign Tax Credit Regulations

by Mike Godfrey, Tax-News.com Washington

Friday, December 6, 2019

On December 2, 2019, the United States Internal Revenue Service issued final regulations on the foreign tax credit following major changes to the US tax code. Read Full Story

IRS Issues Estate Tax Regulations

by Mike Godfrey, Tax-News.com Washington

Monday, December 2, 2019

On November 22, 2019, the United States Internal Revenue Service issued final regulations confirming that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to drop to pre-2018 levels. Read Full Story

Turkish Parliament Approves New Top Tax Rate, Digital Services Tax

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

Tuesday, November 26, 2019

Turkey will increase taxes on higher earners and introduce a new tax on digital services. Read Full Story

Airbnb Says UK Tax Probe Could Result In Litigation

by Jason Gorringe, Tax-News.com, London

Monday, October 28, 2019

Airbnb has disclosed that it has been contacted by HM Revenue and Customs regarding the application of tax laws or regulations impacting the company's business, adding that some matters "may result in litigation". Read Full Story

Mauritius Welcomes EU's Endorsement Of Corporate Tax Changes

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

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

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