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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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Germany Studying Potential Royalty Withholding Tax on Online Ads
Germany’s Finance Ministry confirmed a report that it is reviewing whether a 15 percent withholding tax on royalties can be applied to payments received by foreign internet companies like Google and Facebook for online advertising.
By William HokeTo read more go here Subscription RequiredPractitioners Urge Action as Digital Tax Debate Continues
As countries continue working within the OECD framework toward a consensus-based solution to tax the increasingly digital economy, companies shouldn’t be complacent because that debate could fundamentally change the way multinationals are taxed, practitioners warned.
By Stephanie Soong JohnstonTo read more go here Subscription RequiredNew Zealand plans new tax for giants like Google, Facebook
New Zealand’s government announced plans on Monday for a new tax targeting online giants like Google and Facebook that earn plenty of money in the country but pay little tax.
By Nick Perry
To read more go here Subscription RequiredNew Zealand Signals Move Toward Digital Services Tax
New Zealand will likely start consulting on a unilateral digital services tax by May, citing the OECD’s slow progress in finding a long-term solution by 2020 to adapt international tax rules for the digital age.
By Stephanie Soong JohnstonTo read more go here Subscription RequiredBig Decisions Loom as IRS Updates Transfer Pricing Rules
Over a year after the Tax Cuts and Jobs Act enacted the first statutory change to the transfer pricing rules since 1986, efforts to update the regulations and align them with the statute remain underway.
By Ryan FinleyTo read more go here Subscription RequiredNYSBA Has Bone to Pick With BEAT's Nonrecognition Inclusion
The New York State Bar Association is dissatisfied with the section 59A proposed regs’ inclusion, as a base erosion payment, of a noncash consideration transaction that otherwise qualifies for nonrecognition under the code.
By Andrew VelardeTo read more go here Subscription RequiredTEI Suggests Clarifications for Proposed BEAT Regs
The Tax Executives Institute has commented on the proposed base erosion and antiabuse regulations (REG-104259-18) under section 59A, recommending 10 changes that would not only ease compliance and administration but would also serve to better harmonize the final BEAT regs with the BEAT regime’s purpose and scope.
By Tax AnalystsTo read more go here Subscription RequiredEquity Firm Seeks Guidance on BEAT Regs
Golden Gate Private Equity Inc. has urged that proposed base erosion and antiabuse regulations (REG-104259-18) address the use of net operating losses for modified taxable income, the treatment of a life insurance company that reinsures risks to a foreign-related insurance company through a modified coinsurance contract, and the application of the de minimis dealer exception.
By Tax AnalystsTo read more go here Subscription RequiredCourt Upholds Belgian State Aid Approach, Vestager Tells Tax3
EU Competition Commissioner Margrethe Vestager is maintaining a sanguine outlook on state aid-related tax decisions, despite a court’s rejection of the commission’s ruling that Belgium offered illegal state aid to multinationals.
By Teri SpracklandTo read more go here Subscription RequiredIreland Seeks OECD Alignment in Transfer Pricing Proposals
The Irish government has called for input on proposals designed to better harmonize domestic transfer pricing rules with OECD standards, including adoption of the authorized OECD approach (AOA) to profit attribution and enhanced documentation rules.
By Ryan FinleyTo read more go here Subscription Required
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