IRS Clarifies Tax Treaty References To NAFTA

by Mike Godfrey, Tax-News.com Washington

Thursday, May 28, 2020

On May 19, 2020, the United States Treasury Department and the Internal Revenue Service issued an Announcement which clarifies the interpretation of references in US income tax treaties to the North American Free Trade Agreement once it is replaced by the Agreement between the United States, Mexico and Canada. Read Full Story

Irish Businesses Seek Tax Support To Bounce Back From COVID-19

by Jason Gorringe, Tax-News.com, London

Thursday, May 28, 2020

Irish business association Ibec has called for the establishment of a Commission on Taxation, as part of a package of measures to "reboot" the economy after the coronavirus pandemic. Read Full Story

ECJ Rules Against UK's VAT Rules For Commodities Trading

by Jason Gorringe, Tax-News.com, London

Thursday, May 28, 2020

The European Court of Justice (ECJ) on May 14, 2020, ruled against UK value-added tax rule changes for commodities trading. Read Full Story

France Announces COVID-19 Tax Support For Wine Industry

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 15, 2020

On May 11, 2020, the French Government presented a COVID-19-related economic support package targeted at the nation's wine industry, which includes relief from social contributions. Read Full Story

Latin America, Caribbean Tax Mix Vulnerable To COVID-19 Hit

by Mike Godfrey, Tax-News.com, Washington

Friday, May 15, 2020

The tax burden in Latin America and the Caribbean (LAC) increased to a record 23.1 percent of GDP in 2018, according to a new OECD report. However, it warns the territories will face considerable financial pressures owing to COVID-19 because of their systems' reliance on indirect tax revenues. Read Full Story

Bill Would Exclude US Territories, Possessions From GILTI Regime

by Mike Godfrey, Tax-News.com Washington

Friday, May 15, 2020

On May 4, 2020, a bill was introduced in the United States House of Representatives to limit the impact of the Global Intangible Low Tax Income regime on businesses based in US territories and possessions. Read Full Story

COVID-19: Germany Allowing Businesses To Defer Taxes

by Ulrika Lomas, Tax-News.com, Brussels

Monday, March 30, 2020

The German Ministry of Finance has adopted a circular including various tax relief measures for businesses affected by the coronavirus outbreak. Read Full Story

New Zealand Proposing GST Exemption For Crypto-Assets

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

Tuesday, March 17, 2020

New Zealand's Inland Revenue Department has announced the launch of a consultation on potential reforms to improve the goods and services tax regime. Read Full Story

Brexit Negotiations To Begin This Month

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 3, 2020

The European Council has authorized the opening of negotiations for a new partnership with the UK, and mandated the Commission to act as the EU's negotiator. Read Full Story

European Parliament Seeks Aligned EU-UK Rules

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 20, 2020

Members of the European Parliament want the EU and UK to reach an ambitious new free trade agreement, but have stressed that there must be a "level playing field." Read Full Story

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