International Tax News Blog

Archives: 2018

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  • Time for an Update: The Digital Economy Tax Debate in 2019

    Much like a smartphone in need of an operating system update to keep up with security threats and repair glitches, the international tax system may need some fixes to address the tax challenges of the digital economy. And, if the debate in 2018 is any indication, governments appear to be getting close to some agreement on the best way forward.

    Tax Analysts By Stephanie Soong Johnston

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    By Soong Johnston, Stephanie, posted on Monday December 31, 2018
  • Tax Sovereignty Will Be a Top EU Issue in 2019

    In 2019 the tax debate will be driven by negotiations between member states on the next European budget.

    Tax Analysts By Elodie Lamer

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    By Lamer, Elodie, posted on Monday December 31, 2018
  • Finnish Court Rejects Profit Split Under Prior OECD Guidelines

    Because Finnish law incorporates the OECD transfer pricing guidelines effective during the tax year, the tax administration cannot use profit splits for pre-2010 years unless the transactions are too closely interrelated to be priced independently.

    Tax Analysts By Ryan Finley

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    By Finley, Ryan, posted on Friday December 28, 2018
  • Israel Tells Firms to Amend Tax Returns for Stock Options

    The Israel Tax Authority (ITA) has issued letters informing companies they must amend prior tax returns to comply with a Supreme Court decision earlier in the year on the taxability of employee stock options.

    Tax Analysts By William Hoke

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    By Hoke, William, posted on Friday December 28, 2018
  • EU Banking Authority to Get New Anti-Money-Laundering Powers

    EU member states have reached political agreement on granting the European Banking Authority (EBA) new powers to fight money laundering.

    Tax Analysts By Elodie Lamer

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    By Lamer, Elodie, posted on Thursday December 27, 2018
  • Malta Ratifies EU Anti-Tax-Avoidance Directive

    Malta has ratified into law the EU anti-tax-avoidance directive with effect from January 1, 2019.

    Tax Analysts By Slim Gargouri

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    By Gargouri, Slim, posted on Thursday December 27, 2018
  • Tax Wars: The Battle Over Taxing Global Digital Commerce

    In this article, the author describes what he calls the emergence of an international tax “war” and provides an overview of global digital taxation reform efforts. He argues that the global digital tax conflict masks a growing dissatisfaction with how to tax value associated with global transactions.

    Tax Analysts By Arthur J. Cockfield

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    By Cockfield, Arthur J., posted on Thursday December 27, 2018
  • Options for Taxing the Digital Economy in Mexico

    In this article, the author examines a proposal to tax digital services in Mexico, contemplating both its efficacy and its wisdom, and considers whether existing mechanisms within the country’s tax system could effectively tax the digital economy, at least until there is a multilateral solution in place.

    Tax Analysts By Koen van ’t Hek

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    By Van ít Hek, Koen, posted on Thursday December 27, 2018
  • AICPA Seeks to Preserve Audit Protection for CFCs

    The American Institute of CPAs has suggested that taxpayers be able to exclude the amount of deemed foreign taxes paid in the inclusion year of the transition tax under section 965 (generally 2017) from the calculation of the 150 percent special rule for controlled foreign corporations in Rev. Proc. 2015-13 to prevent the unintended denial of audit protection under that guidance.

    Tax Analysts By Tax Analysts

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    By Tax Analysts, posted on Monday December 17, 2018
  • 2019 Outlook: 'End of Treaty Shopping' for Multinationals

    Bloomberg By Isabel Gottlieb

    The world’s biggest companies will find it harder in 2019 to set up some business structures that let them achieve the lowest tax rates, after a novel new multilateral treaty goes into effect.

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    By Gottlieb, Isabel, posted on Friday December 28, 2018


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