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tax reform News




TCJA Encourages Firms To Shift Profits Offshore, Says ITEP

by Mike Godfrey, Tax-News.com, Washington

Tuesday, June 12, 2018

Aspects of the tax reform legislation in the United States continue to provide an incentive for companies to shift profits offshore by providing more favorable tax treatment to foreign income than domestic profits, the Institute on Taxation and Economic Policy has said. Read Full Story

 


Canada Told To Sharpen Corporate Tax Competitiveness

by Mike Godfrey, Tax-News.com, Washington

Tuesday, June 12, 2018

The IMF has said that the recent changes to the US tax system could make Canada a less attractive destination for investment. Read Full Story

 


Surveys Suggest Taxpayers Satisfied With TCJA, Says Hatch

by Mike Godfrey, Tax-News.com, Washington

Tuesday, June 5, 2018

Both large and small businesses in the United States expect the measures included in the recently enacted tax reform legislation, the Tax Cuts and Jobs Act of 2017, to have a positive effect on their operations, according to Senate Finance Committee Chairman Orrin Hatch. Read Full Story

 


IRS Issues New Strategic Plan

by Mike Godfrey, Tax-News.com, Washington

Monday, June 4, 2018

Ensuring the successful implementation of the Tax Cuts and Jobs Act of 2017 remains the US Internal Revenue Service's highest priority, according to its new five-year Strategic Plan. Read Full Story

 


Australia Planning June Vote On Corporate Tax Cut Package

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

Monday, May 28, 2018

The Australian Government will put its company tax reforms before the Senate in June, with the aim of securing a vote by the 28th. Read Full Story

 


Corporate Tax Cut Plan Before Filipino Lawmakers

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

Wednesday, May 23, 2018

Filipino Finance Secretary Carlos Dominguez has called on lawmakers to pass a package of tax measures, including a cut to the corporate tax rate and a reduction in tax breaks and holidays. Read Full Story

 


EU Challenges Hungarian, Italian, Romanian Tax Provisions

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, May 22, 2018

The European Commission has initiated tax infringement procedures against Hungary, Italy, and Romania. Read Full Story

 


Singapore Legislates For IP Tax Concession Reform

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

Thursday, May 17, 2018

Singapore has gazetted a law to repeal the income tax concession for intellectual property income derived by companies benefiting from the Pioneer Service Companies Incentive or the Development and Expansion Incentive schemes. Read Full Story

 


IRS Proposes To Prioritize Tax Cuts And Jobs Act Guidance

by Mike Godfrey, Tax-News.com, Washington

Thursday, May 3, 2018

The United States Treasury Department and the Internal Revenue Service will delay a number of guidance projects until later years as they prioritize guidance connected with the tax reform provisions in the Tax Cuts and Jobs Act. Read Full Story

 


Ireland Introduces New Sugary Drinks Tax

by Jason Gorringe, Tax-News.com, London

Thursday, May 3, 2018

Ireland's new sugar-sweetened drinks tax launched on May 1. The tax agency has released updated guidance on how businesses should comply with the measure. Read Full Story

 

 

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