International Tax News Blog

Archives: January 2018

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  • EU Tax on Digital Advertising Revenues Gaining Traction

    Tax Analysts By: Elodie Lamer

    An EU-wide tax on digital businesses’ advertising revenues is gaining traction inside the European Commission, after the commission faced difficulties finding a proper legal basis to tax their turnover as France had suggested. On March 28, the commission will present two legislative proposals to ensure proper taxation on internet giants’ activities in the EU.

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    By Lamer, Elodie, posted on Tuesday January 30, 2018
  • AT&T profits boosted by taxes, revenues dip less than feared

    Financial Times By: Shannon Bond (Financial Times)

    AT&T beat Wall Street’s expectations for profit and revenue in the fourth quarter as it added more wireless customers than anticipated. Net income was boosted by the US tax overhaul, jumping to $19bn, or $3.08 a share, from $2.4bn, or 39 cents a share, a year ago. The impact of tax reform and regulatory rationalisation will be substantial and positive for the US economy and AT&T, according to AT&T’s chief executive.

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    By Bond, Shannon, posted on Wednesday January 31, 2018
  • Boeing lifts forecasts after tax reform and record deliveries boost

    Financial Times By: Patti Waldmeir (Financial Times)

    Tax reform and strong aircraft deliveries helped Boeing beat Wall Street’s expectations for its fourth-quarter earnings, as the company predicted higher aircraft deliveries in 2018 and stronger profits.

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    By Waldmeir, Patti, posted on Wednesday January 31, 2018
  • Revenue up at DR Horton in 1Q, but tax weighs on bottom line

    Financial Times  By: Peter Wells (Financial Times)

    Homebuilder DR Horton saw its profit slide in its fiscal first quarter on account of recent changes to US tax laws, but managed to deliver revenue above market expectations.

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    By Wells, Peter, posted on Wednesday January 31, 2018
  • Ireland enjoys tax boom but fears a reckoning

    Financial Times By: Arthur Beesley (Financial Times)

    Ireland’s business-friendly tax regime has drawn legions of multinational companies to the country, boosting tax revenues and prompting political attacks from Donald Trump and Europe. Now concern is growing that Dublin has become too dependent on such taxes, leaving it vulnerable to financial shock. 

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    By Beesley, Arthur, posted on Wednesday January 31, 2018
  • Multinational Companies Split on Publishing Global Tax Reports

    Bloomberg By: Ben Stupples (Bloomberg BNA)

    Multinational businesses are split over whether they should publish their global tax reports amid fears that the public will misunderstand them.

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    By Stupples, Ben, posted on Wednesday January 31, 2018
  • Johnson & Johnson Dodges 150 Percent Fine in Dispute With Brazil

    Bloomberg By: Ed Taylor (Bloomberg BNA)

    The Brazilian unit of pharmaceutical giant Johnson & Johnson has registered a precedent-setting court victory that saved it from a 150 percent fine on unpaid taxes.

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    By Taylor, Ed, posted on Tuesday January 30, 2018
  • EU moves Toward March Accord to Regulate Tax Intermediaries

    Bloomberg By: Joe Kirwin (Bloomberg BNA)

    European Union member nations have tentatively agreed on the scope of pending legislation to regulate tax intermediaries and clamp down on cross-border avoidance schemes, including the key definition of an intermediary.

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    By Kirwin, Joe, posted on Tuesday January 30, 2018
  • U.K. Government Attacked for Tough ‘Google Tax’ Appeal Process

    Bloomberg By: Ben Stupples (Bloomberg BNA)

    The U.K. government has come under attack for the tough appeals system behind its “Google tax” that has targeted multinational businesses across the globe.

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    By Stupples, Ben, posted on Tuesday January 30, 2018
  • Economic Analysis: Where Will the Factories Go? A Preliminary Assessment

    Tax Analysts By: Martin Sullivan

    In the long table accompanying this article, we model the effects of these and other major new provisions of the TCJA and see what we can learn about the new law’s overall impact on the balance between foreign and domestic investment. In particular, we calculate an effective tax rate on a $10 million investment in a new factory under four scenarios: (1) in the United States under old law; (2) in the United States under the TCJA; (3) outside the United States under old law; and (4) outside the United States under the TCJA. If the excess of (1) over (3) is less than the excess of (2) over (4), this suggests the TCJA has reduced the tax incentive to invest abroad.

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    By Sullivan, Martin, posted on Monday January 29, 2018


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