Tax Cuts and Jobs Act News
By: Josh White
The Tax Cuts and Jobs Act (TCJA) is the most eagerly-awaited tax bill in a generation, with implications for trillions of dollars worldwide. International Tax Review looks at the trends since tax reform came into force.
By: Thomas Gryta (The Wall Street Journal)
America’s biggest companies are reporting some of the strongest earnings growth since the recession, boosted by lowered tax rates and a robust U.S. economy that is fueling demand across industries.
By: Sam Fleming (Financial Times)
The US Treasury has set out details of tax reforms to tackle $3tn worth of corporate earnings hoarded overseas, as it introduces a regime it hopes will boost investment in the country.
The European Commission failed to convince the EU General Court that Belgium’s tax rulings exempting companies from tax on “excess profits” attributable to their being part of an international group constituted an illegal state aid scheme.
By Teri Sprackland
Treasury appears to be hedging its bets on its June 22 goal for delivering several pieces of international guidance from the U.S. Tax Cuts and Jobs Act that would statutorily allow retroactivity for its rules.
By Andrew Velarde
U.S. officials believe the OECD’s work on the digital economy will lead to a modest reallocation of taxing rights, most likely based on the marketing intangibles approach set out in the OECD discussion draft.
By Ryan Finley