- by Dr. Pinar Cebi WilberThe complex U.S. business tax structure and high taxes on capital gains and dividends are slowing investment growth, but growing support for corporate tax reform and for a shift to a "consumed-income tax system" are positive signs for the future of the economy, Pinar Çebi Wilber of the American Council for Capital Formation said in a May report.For the ACCF report, go here.
- by Aaron E. LorenzoGet rid of tax expenditures as part of reshaping the U.S. tax code and focus on lowering tax rates, Harvard University professor Dale Jorgenson said.Doing so would help lay the groundwork for improving business investment conditions, he said on a conference call hosted by the American Council for Capital Formation on May 3.
- by Joe KirwinThe European Commission will propose legislation to help resolve cross-border tax disputes and is considering a “fair taxpayer” label for companies and a European tax identification number, along with tax breaks for research and development, in upcoming Common Consolidated Corporate Tax Base (CCCTB) legislation, according to the commission.For the DTR story, gohere. (subscription required)
- by Ryan FinleyAny tax reform agenda advanced by the U.S. business community that doesn't address the causes of instability in the international tax system would be a Pyrrhic victory, according to Robert Stack, Treasury deputy assistant secretary (international tax affairs).For the TNT story, go here. (subscription required)
- by Kevin A. BellU.S. multinational corporations must become more involved and proactive in the debate and formulation of new international tax rules, said U.S. Deputy Assistant Treasury Secretary for International Tax Affairs Robert Stack.
by Stephanie Soong Johnston and Terri Sprackland
EU and non-EU parliamentarians convened on May 2 at the OECD in Paris, where they were briefed on the current state of play on base erosion and profit-shifting project implementation, and were able to compare notes on their respective countries' experiences with BEPS measures, attendees told Tax Analysts.For the WWTD story, go here Subscription Required
- by Amanda AthanasiouAmanda Athanasiou elaborates on the recent announcement that Pfizer Inc. and Allergan PLC have called off their planned merger following the U.S. Treasury's release of anti-inversion regulations.For the TNI story, go here. (subscription required)
- by Alexander LewisGlobal foreign direct investment increased by 25 percent in 2015, largely because of cross-border mergers and acquisitions designed to reduce companies' U.S. tax burdens, according to the OECD.For the TNT story, go here. (subscription required)
- by Alison Bennett & Laura DavisonAttitudes toward transfer pricing and tax planning are shifting rapidly among European multinationals, according to one professor who has spoken to tax practitioners and chief financial officers.