The ITPF News Blog is managed by the students at the University of Florida Levin College of Law International Tax LLM Program.
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By 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.
By 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.To read more go here
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.
By Emily L. Foster
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.
By Elodie Lamer
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.
By Amanda Athanasiou
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.)
By Mindy Herzfeld
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.
By Stephanie Soong Johnston
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.
By Elodie Lamer
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.
By Eric Yauch
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