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Australia's Board Of Taxation Considers Bare Trusts Tax Reform

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

Wednesday, February 14, 2018

Australia's Board of Taxation has published the results of its review into the taxation of bare trusts. Read Full Story

 


Global Energy Tax Regimes Falling Severely Short: OECD

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, February 14, 2018

The OECD has released a new report analyzing energy use and tax regimes in 42 countries, which make up 80 percent of global energy use. The report calls on governments to adopt more effective use of taxes to cut harmful emissions from energy use. Read Full Story

 


US House Approves Generalized System Of Preferences Bill

by Mike Godfrey, Tax-News.com, Washington

Wednesday, February 14, 2018

On February 13, 2018, the US House of Representatives voted 400-2 to pass a bipartisan bill to renew the Generalized System of Preferences. Read Full Story

 


Australia To Strengthen Multinational Anti-Avoidance Law

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

Wednesday, February 14, 2018

The Australian Government is to tighten its Multinational Anti-Avoidance Law to prevent the use of certain structures to circumvent the law's application. Read Full Story

 


Trump Announces Rettig To Lead IRS

by Mike Godfrey, Tax-News.com, Washington

Wednesday, February 14, 2018

US President Donald Trump has announced his intent to nominate tax lawyer Charles P Rettig as Commissioner of the Internal Revenue Service for the remainder of a term of five years beginning on November 13, 2017. Read Full Story

 


Norway Defends Oil Tax Regime

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, February 14, 2018

The Norwegian Government has defended its tax regime for oil exploration against a complaint that it breaches European Economic Area state aid rules. Read Full Story

 


Cayman Eases Deadline For CbC Reporting

by Jason Gorringe, Tax-News.com, London

Wednesday, February 14, 2018

Authorities in the Cayman Islands have pushed back the deadline for notifying local authorities of which entity will file a country-by-country report, and for filing the first reports. Read Full Story

 


Hungary Lowering VAT On Food

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, February 13, 2018

The Hungarian Government has said that it will continue its policy of reducing rates of value-added tax on various foodstuffs in 2018 to boost domestic agriculture and reduce food prices. Read Full Story

 


China Sets Out How To Determine Beneficial Owner For Treaties

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

Tuesday, February 13, 2018

On February 3, 2018, China's State Administration of Taxation set out new rules on the disallowance of tax treaty benefits where an entity fails to demonstrate it is the beneficial owner of Chinese assets from which passive income is derived. Read Full Story

 


Tax-Related Identity Theft Down 40 Percent, IRS Says

Mike Godfrey, Tax-News.com, Washington

Tuesday, February 13, 2018

The Internal Revenue Service has announced steep declines in tax-related identity theft in 2017, attributing the success to its Security Summit initiative, a private-public sector partnership formed in 2015 to combat identity theft. Read Full Story

 

 

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