International Tax News Blog
Subscribe
  • Public comments received on the discussion draft on Branch Mismatch Structures under Action 2 of the BEPS action plan

    by OECD

    On 22 August 2016, interested parties were invited to provide comments on a discussion draft (French version available here) on Branch Mismatch Structures under Action 2 (Neutralising the Effects of Hybrids Mismatch Arrangements) of the BEPS Action Plan. The OECD is grateful to the commentators for their input and now publishes the comments received.

    To read more go here
    By OECD, posted on Friday September 23, 2016
  • Inversions Will Continue Until Lawmakers Fix Americas Competitiveness Problem

    by Grover Norquist (Huffington Post)

    America has the highest corporate tax rate in the developed world. We do not possess “one of the highest” corporate rates. Our corporate rate is number one.
    America is also one of the few countries with a worldwide taxation system rather than a territorial system. 

    To read more go here
    By Norquist, Grover , posted on Friday September 23, 2016
  • Are U.S. Anti-Tax Inversion Rules Unconstitutional?

    by Joe Harpaz (Forbes)

    That’s the question a group of attorneys representing multinational corporations recently raised at a Treasury Department hearing on the proposed changes to U.S. tax law.
    For the Forbes article, go here.
    To read more go here
    By Harpaz, Joe , posted on Friday September 23, 2016
  • Saint-Amans to EU: Stick to Current Transfer Pricing Standard

    Bloomberg

    by Rick Mitchell 

    The European Commission shouldn't try to create its own transfer pricing standards in investigating whether companies received favorable tax treatment from governments in the European Union, the OECD's top tax official said. 

    To read more go here

    By Mitchell, Rick , posted on Friday September 23, 2016
  • What India Needs To Fix Before Implementing Its Mighty Tax Reform

    by Amey Pramodkumar Kansara (Market Mogul)

    With the euphoria of the GST (India’s biggest tax reform post independence) mellowing down, attention has switched to implementation. Naturally, such a complex change is not going to be easy to implement and carries economic and political downsides if not properly executed. The Indian government wants to apply the tax by April 2017 (India’s financial year runs from April to March) to ensure the positive effects are felt before the general elections in 2019.
    To read more go here
    By Kansara, Amey Pramodkumar, posted on Thursday September 22, 2016
  • OECD members stopped raising taxes in 2015

    by Paul Hannon (Market Watch)

    Governments stopped raising taxes in an effort to narrow budget deficits in 2015 and switched to targeted tax cuts designed to support economic growth, the Organization for Economic Cooperation and Development said Thursday.

    To read more go here
    By Hannon, Paul , posted on Thursday September 22, 2016
  • The EU Anti-Tax-Avoidance Directive

    Tax Analysts

    by Sandy Bhogal

    Sandy Bhogal discusses the EU anti-tax-avoidance directive and the ways in which it overlaps with the recommendations in the OECD's base erosion and profit-shifting project.

    To read more go here Subscription Required
    By Bhogal, Sandy, posted on Thursday September 22, 2016
  • Vestager, Predecessor Reject Apple State Aid Decision Criticism

    by William Hoke (Tax Notes)

    The European Commission's competition commissioner, Margrethe Vestager, on September 21 defended the commission's recent decision ordering Ireland to recover over €13 billion in illegal state aid from Apple Inc., a move that has been sharply criticized by both the Irish and U.S. governments. 

    To read more go here Subscription Required
    By Hoke, William , posted on Thursday September 22, 2016
  • Selecting Transfer Pricing Comparables After Medtronic

    by Robert Feinschreiber and Margaret Kent

    In this article, the authors look at the recent Tax Court opinion in Medtronic, highlighting the perils of selecting the wrong comparables and using the wrong functional analysis.
    For the Tax Notes viewpoint, go here. (subscription required)
    To read more go here Subscription Required
    By Feinschreiber, Robert and Margaret Kent, posted on Thursday September 22, 2016
  • What Europe's tax grab from Apple should teach Sen. Warren

    by Joe Kennedy (The Hill)

    Public confidence in big business ranks below every major institution in the United States except Congress, according to Gallup. So it comes as little surprise that when the European Commission ruled recently that Apple had struck what the commission characterized as an unfair tax deal with Ireland and should have to pay back $14.5 billion, many were quick to view the case as typically craven trickery by an unscrupulous multinational.

    To read more go here
    By Kennedy, Joe , posted on Friday September 23, 2016