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  • Spanish digital services tax targets big tech companies

    International Tax ReviewBy ITR Correspondent

    Spain’s digital services tax (DST) is slated to enter into force in January 2019, despite the criticism and concerns of multinational technology companies. Following the path of the European Commission, the Spanish government has recently filed a preliminary bill to create the DST, an indirect tax on digital services where there is an essential contribution by the users to the value creations are monetized by the companies. In accordance with the government’s forecast, the DST would collect $1.4 billion in FY2019.

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    By ITR Correspondent, posted on Tuesday November 13, 2018
  • UK Publishes Laws To Fight Avoidance, Impose Carbon Tax

    Logo - Law 360By Jack Schickler

    The U.K.'s annual finance bill has set out, over 300 pages of laws, to implement global measures against tax avoidance and introduce a new environmental tax on carbon emissions.

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    By Schickler, Jack, posted on Tuesday November 13, 2018
  • Individual Taxpayer Relief Possible for Disparate GILTI Rules

    Treasury hopes to assuage the disparate global intangible low-taxed income tax rules, which put individual U.S. shareholders of controlled foreign corporations at a disadvantage compared to corporate shareholders, but some challenges exist.

    Tax Analysts By Emily L. Foster

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    By Foster, Emily L., posted on Tuesday November 13, 2018
  • EU Revises Technical Provisions of Digital Tax

    EU member state representatives did not discuss Germany’s request to delay implementation of the proposed digital services tax (DST) at a recent meeting, instead focusing on a new compromise proposal that amends several technical elements.

    Tax Analysts By Elodie Lamer

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    By Lamer, Elodie, posted on Tuesday November 13, 2018
  • Multinational Trading U.K. Domicile for Ireland, Citing Brexit

    A multinational healthcare company headquartered in the United Kingdom is moving to Ireland to protect the financial benefits it accrued when it inverted in 2015 from the uncertainty of a post-Brexit United Kingdom.

    Tax Analysts By Amanda Athanasiou

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    By Athanasiou, Amanda, posted on Tuesday November 13, 2018
  • News Analysis: Treasury Strikes a Bold Regulatory Path Post-TCJA

    Both the House and Senate versions of bills that would become the Tax Cuts and Jobs Act (P.L. 115-97) proposed repealing for corporate shareholders the application of section 956 — which, in conjunction with section 951(a)(1)(B), generally requires U.S. shareholders of controlled foreign corporations with investments in U.S. property to include a corresponding amount in current income. (For the Joint Committee on Taxation’s comparison of the bills, see JCX-64-17.)

    Tax Analysts By Mindy Herzfeld

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    By Herzfeld, Mindy, posted on Monday November 12, 2018
  • Digital Tax Debate May Pave Way for 'BEPS 2.0,' Saint-Amans Says

    The OECD is under pressure on taxing the digital economy, but its tax chief remains optimistic that the debate will not only yield a solution but also extend the base erosion and profit-shifting project.

    Tax Analysts By Stephanie Soong Johnston

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    By Soong Johnston, Stephanie, posted on Monday November 12, 2018
  • Release of Interest Deduction Regs Just Days Away

    Proposed regulations on business interest deductions could be released within days, according to a Treasury official.

    Tax Analysts By Emily L. Foster

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    By Foster, Emily L., posted on Monday November 12, 2018
  • European Commission Wants More Than a Commitment on Digital Tax

    EU Tax Commissioner Pierre Moscovici said he wants a “decision” on his proposal for a digital services tax (DST) at the December 4 Economic and Financial Affairs Council meeting.

    Tax Analysts By Elodie Lamer

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    By Lamer, Elodie, posted on Monday November 12, 2018
  • Federal Circuit: Ford and Foreign Subsidiary Aren't Same Taxpayer

    Ford Motor Co. and its foreign subsidiary aren’t the same taxpayer, which prevents the use of a tax interest-netting benefit, a federal appellate court ruled November 9.

    Tax Analysts By Eric Yauch

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    By Yauch, Eric, posted on Monday November 12, 2018


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