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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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International Tax News Blog

Archives: March 2018

  • McCormick to Boost Capex Thanks to Tax Overhaul

    WSJ logo By: Ezequiel Minaya (The Wall Street Journal)

    McCormick & Co. Inc. will increase capital expenditures by 10% this year among other benefits linked to the recent U.S. tax overhaul, said Chief Financial Officer Michael Smith. “We like the tax act overall,” he said. “We have a lot of business overseas and for us to be competitive it’s good to have the tax rate come down.”

    To read more go here
    By Minaya, Ezequiel, posted on Friday March 30, 2018
  • Dutch Lawmakers Urge Public Disclosure of Tax Deals

    Bloomberg By: Linda A. Thompson (Bloomberg BNA)

    Opposition lawmakers March 29 applied renewed pressure on the Dutch government to publicly release anonymous versions of individualized tax deals issued to resident companies. Lawmakers made the statements during a plenary debate on tax avoidance during which lawmakers repeatedly pressed the country's finance secretary to do more to tackle tax avoidance by companies and curb profit shifting through the Netherlands.

    To read more go here Subscription Required
    By Thompson, Linda A., posted on Friday March 30, 2018
  • The OECD's long road to a 2020 consensus on digital tax

    International Tax Review

    By: Josh White

    The OECD plans to achieve an international consensus by 2020 on taxing the digital economy, but this ambitious timeline is unrealistic, say experts. The OECD’s David Bradbury defends the organisation’s approach in an exclusive conversation with International Tax Review.

    To read more go Subscription Required

    By White, Josh, posted on Thursday March 29, 2018
  • Switzerland Opposed To EU's Temporary Digital Tax

    Tax News logo

    By: Ulrika Lomas

    The Swiss Government has warned against the introduction of short-term measures targeted at tackling the problems of taxing the digital economy.

    The Government said that it had made clear during this week's meeting of G20 finance ministers and central bank governors that the digital economy should be appropriately taxed. However, the Government recommended that the existing tax rules and possible options for reform should be discussed in the OECD. It stressed that in order to guarantee legal certainty, avoid over- and double taxation, and to combat high administrative burdens, governments should avoid the introduction of short-term measures.

    To read more go here

    By Lomas, Ulrika, posted on Thursday March 29, 2018
  • Switzerland Taking Second Shot At Corporate Tax Reform

    Tax News logo

    By: Ulrika Lomas

    The Swiss Federal Council has approved tax proposal 17, the package of reforms designed to bring Swiss tax rules more closely into line with international standards.

    On March 21, the Council adopted the dispatch on TP17. It said that the package will make a decisive contribution to Switzerland's competitiveness, and that it wishes to quickly improve matters for domestic and foreign companies.

    To read more go here

    By Lomas, Ulrika, posted on Thursday March 29, 2018
  • EU Announces Sanctions For "Blacklisted" Countries

    Tax News logo

    By: Ulrika Lomas

    The European Commission is to take steps to ensure that EU external development and investment funds cannot be channelled or transited through entities in countries included on the EU's "blacklist" of non-cooperative tax jurisdictions.

    The Commission has published guidelines which set out the applicable legislation on how EU funds should be treated when it comes to tax avoidance and non-cooperative jurisdictions. The guidelines are intended to ensure that the rules are interpreted and applied consistently.

    To read more go here
    By Lomas, Ulrika, posted on Thursday March 29, 2018
  • Caribbean States Appeal To EU Over Tax Blacklisting

    Tax News logo

    By: Godfrey, Mike

    The Organisation of Eastern Caribbean States (OECS), a grouping of 15 Caribbean territories, says it is working hard through its Brussels embassy to address EU concerns, which have led to a number of its members being included on a tax blacklist.

    To read more go here
    By Godfrey, Mike, posted on Thursday March 29, 2018
  • Norway Proposes Sharing Economy Tax Reporting

    Tax News logo

    By: Ulrika Lomas

    The Norwegian Government has begun a consultation on proposed new reporting requirements for online platforms in the sharing economy.

    The proposal, which follows up the publication of recommendations by the Government's sharing economy committee in 2017, would require online platforms enabling the provision of sharing economy services and the rental of property to provide "tax relevant" information about the service provider or landlord to the tax administration.

    To read more go here

    By Lomas, Ulrika, posted on Thursday March 29, 2018
  • The Arm's Length Principle ("ALP") - Is it A Principle and Is It Arm's Length?

    By: Richard Collier

    Richard Collier of Oxford's Centre for Business Taxation considers whether the arm's length principle is a principle, and whether it is arm's length, in his blog post "THE ARM’S LENGTH PRINCIPLE (“ALP”) – IS IT A PRINCIPLE AND IS IT ARM’S LENGTH?" and includes citations to relevant publications of the CBT on the topic.

    To read more go here

    By Collier, Richard, posted on Thursday March 29, 2018
  • McDonald's cites GOP tax bill in move to raise worker tuition aid

    The Hill

    By: Josh Delk

    McDonald's announced Wednesday that it will roughly triple its funding for its in-house college tuition assistance program, citing the GOP tax-reform bill passed last year as one of the reasons. 

    To read more go here

    By Delk, Josh, posted on Thursday March 29, 2018

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