International Tax News Blog

Archives: February 2018

Subscribe
  • Moscovici: We Need To Act Fast On Digital Taxation

    Tax News logo

    By: Ulrika Lomas

    EU Tax Commissioner Pierre Moscovici has said that the bloc must "act fast to secure a common approach to digital taxation" and that member states must decide on how to achieve "a fundamental overhaul of our corporate tax systems."

    To read more go here
    By Lomas, Ulrika, posted on Wednesday February 28, 2018
  • Polish Government Adopts SEZ Plan

    Tax News logo

    By: Ulrika Lomas

    The Polish Government has approved plans to effectively extend the scope of Poland's Special Economic Zones (SEZ) regime nationwide.

    To read more go here
    By Lomas, Ulrika, posted on Wednesday February 28, 2018
  • Israel Confirms Virtual Currency Is 'Property'

    Tax News logo

    By: Lorys Charalambous

    The Israeli tax authority has decided that virtual currencies, such as Bitcoin, should be treated as a form of "property," rather than as foreign currency.

    To read more go here
    By Charalambous, Lorys, posted on Wednesday February 28, 2018
  • Netherlands Responds To ECJ Tax Ruling

    Tax News logo

    By: Ulrika Lomas

    The Dutch Government plans to amend tax legislation in response to a recent ruling by the European Court of Justice (ECJ).

    The Government announced on February 22 that the "emergency" legislative measures will be introduced in parliament in the second quarter of 2018, but will be effective retrospectively from October 25, 2017, when an Advocate General to the ECJ issued a similar decision on the case.

    The ECJ ruled on February 22 that a Dutch-registered company's right to freedom of establishment under EU law was denied when the Netherlands denied a deduction for interest paid on a loan provided by its Swedish parent, in X BV v. Staatssecretaris van Financiën (Case C-398/16).

    To read more go here
    By Lomas, Ulrika, posted on Wednesday February 28, 2018
  • EU Plans New Tax for Tech Giants Up to 5 Percent of Gross revenues

    Reuters logo By: Francesco Guarascio
    The European Commission wants to tax large digital companies’ revenues based on where their users are located rather than where they are headquartered at a common rate between 1 and 5 percent, a draft Commission document showed.

    To read more go here
    By Guarascio, Francesco , posted on Wednesday February 28, 2018
  • Red China’s Green Ambition: Using Taxation and Emissions Trading to Address Pollution

    Tax Analysts By: Yan Xu

    In this article, the author considers China’s new Environmental Tax Law and the country’s fast-developing carbon emissions trading system, comparing these measures with past attempts to use taxes to protect the environment and also examining the general efficacy of market-based instruments for limiting pollution and protecting the environment in China and across the globe.

    To read more go here Subscription Required
    By Xu, Yan, posted on Tuesday February 27, 2018
  • EU Parliament Committee OKs Common Tax Base Proposals

    Tax Analysts By: William Hoke

    A committee of the European Parliament has approved by wide margins proposals to implement both a common corporate tax base (CCTB) and a common consolidated corporate tax base (CCCTB).

    To read more go here Subscription Required
    By Hoke, William, posted on Tuesday February 27, 2018
  • Poland Planning Exit Tax, New Rules on Hybrid Instruments

    Bloomberg By: Jan Stojaspal (Bloomberg BNA)

    The Polish finance ministry wants to introduce an exit tax for corporations and individuals starting from 2019. The proposal, which transposes the EU's Anti-Tax Avoidance Directive (ATAD) into Polish law, is also expected to target tax avoidance through cross-border hybrid instruments, tax practitioners said.

    To read more go here Subscription Required
    By Stojaspal, Jan, posted on Wednesday February 28, 2018
  • Macron Seeks Digital Taxes to Plug Brexit Hole

    Bloomberg By: Joe Kirwin (Bloomberg BNA)

    The French president wants the European Union to use revenue from an upcoming digital tax proposal targeting companies such as Google, Facebook, and Amazon to help cover a Brexit-induced budget shortfall.

    To read more go here Subscription Required
    By Kirwin, Joe, posted on Tuesday February 27, 2018
  • EU Stance on Amazon Tax Deal Is Still Wrong: Luxembourg

    Bloomberg By: Joe Kirwin (Bloomberg BNA)

    Luxembourg continues to reject claims from the European Commission that it gave Amazon illegal tax benefits worth 250 million euros. The EU competition authority on Feb. 26 released 183 pages of non-confidential details of the Oct. 4 decision in which it said the world's leading online retailer should pay 250 million euros ($310 million) for violating bloc rules. The dispute—centered on whether Amazon.com Inc. received selective advantage over competitors—is one of several ongoing state-aid cases.

    To read more go here Subscription Required
    By Kirwin, Joe, posted on Tuesday February 27, 2018


Read More International Tax News