Wyden Bill Would Close US Carried Interest 'Loophole'

by Mike Godfrey, Tax-News.com, Washington

Friday, May 31, 2019

On May 23, 2019, the Ranking Member of the United States Senate Finance Committee, Ron Wyden (D-OR), introduced a bill to change the tax treatment of income earned by investment fund managers. Read Full Story

Denmark Seeking To Modernize Labor Tax Rules

by Ulrika Lomas, Tax-News.com, Brussels

Friday, April 5, 2019

On March 25, 2019, the Danish Tax Ministry announced that it is studying ways in which the tax system can be adapted to new forms of employment and ways of working, with an emphasis on technological developments. Read Full Story

Switzerland To Maintain 2018 Interest Rates For Overdue Tax, Refunds in 2019

by Ulrika Lomas, Tax-News.com, Brussels

Monday, October 29, 2018

Switzerland will keep unchanged the amount of interest charged to taxpayers on outstanding tax payments during 2019. Read Full Story

US Urged To Trim Tax Form W-4

by Mike Godfrey, Tax-News.com, Washington

Monday, July 16, 2018

The American Institute of CPAs has urged the Internal Revenue Service and the US Treasury Department to simplify the draft 2019 Form W-4, Employee's Withholding Allowance Certificate, and the accompanying instructions, to reduce administrative burdens on taxpayers. Read Full Story

Scottish Taxpayers 'Grappling With Complexity Following Tax Devolution': CIOT

by Jason Gorringe, Tax-News.com, London

Thursday, April 12, 2018

The Chartered Institute of Taxation says Scottish taxpayers now face more complexity than ever before, due to the introduction on April 6, 2018, of new rates and bands of income tax. Read Full Story

IRS Warns Taxpayers On Virtual Currency Tax Compliance

by Mike Godfrey, Tax-News.com, Washington

Monday, March 26, 2018

The US Internal Revenue Service on March 23 warned taxpayers that they must report income from virtual currency transactions in their income tax returns. Read Full Story

Tax Fallout From Uber's Lost Appeal On Employment Rights

by Jason Gorringe, Tax-News.com, London

Monday, November 13, 2017

Per the findings of a London-based Tribunal, Uber, and other gig economy companies like it, may face footing taxes normally borne by traditional employers on behalf of those making a living by offering services to users through its app. Read Full Story

UK Taxpayer Group Welcomes National Insurance Decision

by Jason Gorringe, Tax-News.com, London

Monday, November 6, 2017

The announcement from the UK Government that it will delay repealing Class 2 national insurance contributions (social security tax) has been welcomed by the Low Incomes Tax Reform Group. Read Full Story

UK Gig Economy Workers Warned About Looming Tax Deadline

by Jason Gorringe, Tax-news.com, London

Wednesday, September 20, 2017

Those UK taxpayers performing irregular work or receiving income from the nascent "gig economy" should consider whether they need to register for self-assessment tax with the UK tax authority, the Low Incomes Tax Reform Group (LITRG) has said. Read Full Story

IMF Proposes Specific Tax Rules For Peer-To-Peer Economy

by Mike Godfrey, Tax-News.com, Washington

Thursday, August 10, 2017

Whilst the peer-to-peer economy has posed many challenges to traditional tax collections systems, the sector's technological foundation also holds the keys to solving these problems, according to a new report by the International Monetary Fund. Read Full Story

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