International Tax News Blog
Subscribe
  • Proposed FTC Regs Balance Accuracy and Administrability

    Some controversial aspects of the new proposed foreign tax credit regulations were intended to reliably approximate economic reality in an administrable way rather than to prevent perceived abuse or avoidance.

    Tax Analysts By Ryan Finley

    To read more go here Subscription Required
    By Finley, Ryan, posted on Friday December 14, 2018
  • Treasury Reassessing GILTI Net Used Tested Loss Rule

    The U.S. Treasury has indicated that the door may be open to revisiting its controversial net used tested loss amount rule under its guidance to the global intangible low-taxed income provision.

    Tax Analysts By Andrew Velarde

    To read more go here Subscription Required
    By Velarde, Andrew, posted on Friday December 14, 2018
  • ICAP Participant Countries Working Toward Convergence

    Although total uniformity may be unrealistic, the eight countries participating in the Forum on Tax Administration’s international compliance assurance program (ICAP) pilot are trying to develop common risk assessment standards for country-by-country reporting data.

    Tax Analysts By Ryan Finley

    To read more go here Subscription Required
    By Finley, Ryan, posted on Friday December 14, 2018
  • IRS Considering Presumptions to Ease FDII Proof of Foreign Use

    Acknowledging that guidance is needed to better define what constitutes foreign use under the foreign-derived intangible income (FDII) provision, the IRS is contemplating presumptions to aid taxpayers.

    Tax Analysts By Andrew Velarde

    To read more go here Subscription Required
    By Velarde, Andrew, posted on Friday December 14, 2018
  • Competitiveness Concerns Rampant in Post-TCJA World

    Countries remain uneasy over whether businesses will flee their markets given the United States’ recent tax reforms.

    Tax Analysts By Jennifer McLoughlin

    To read more go here Subscription Required
    By McLoughlin, Jennifer, posted on Friday December 14, 2018
  • OECD Peer Reviews Push to Mend Tax Ruling Exchanges

    The OECD released a report on its second round of peer reviews examining countries’ spontaneous exchange of tax rulings, finding that the review process has facilitated positive changes.

    Tax Analysts By Jennifer McLoughlin

    To read more go here Subscription Required
    By McLoughlin, Jennifer, posted on Friday December 14, 2018
  • European Parliament Votes for Strong Digital Services Tax

    The European Parliament voted in plenary to support a broader digital services tax (DST) than the one proposed by the European Commission. The commission's proposal has failed to gain the support of EU finance ministers.

    Tax Analysts By Teri Sprackland

    To read more go here Subscription Required
    By Sprackland, Teri, posted on Friday December 14, 2018
  • Proposed Regs Reduce Burdens Under FATCA, Chapter 3

    The IRS has issued proposed regulations (REG-132881-17) eliminating withholding on payments of gross proceeds and on some insurance premiums, deferring withholding on foreign passthrough payments, and clarifying the definition of investment entity. The regs also provide guidance on some due diligence requirements of withholding agents and on refunds and credits of amounts withheld.

    Tax Analysts By Tax Analysts

    To read more go here Subscription Required
    By Tax Analysts, posted on Thursday December 13, 2018
  • News Analysis: EU Year in Review

    Embattled French President Emmanuel Macron, whose approval rating is at 23 percent, has repealed the fuel tax hike that sparked the protests. It would have been about 30 cents on $7 per gallon — more than half of which is tax already.

    Tax Analysts By Lee A. Sheppard

    To read more go here Subscription Required
    By Sheppard, Lee A., posted on Monday December 17, 2018
  • News Analysis: The TCJA and Partnerships

    While the Tax Cuts and Jobs Act makes only a few revisions directly to subchapter K, it introduces many rules uniquely applicable to partnerships. Guidance in TCJA-related notices and proposed regulations clarifies how partnerships should apply these new provisions. The interest deduction limitation, gain on sales of partnership interests, and international provisions are just a few of the new TCJA rules that require special attention from partnerships.

    Tax Analysts By Carrie Brandon Elliot

    To read more go here Subscription Required
    By Brandon Elliot, Carrie, posted on Monday December 17, 2018


Read More International Tax News