International Tax News Blog

Archives: May 2018

Subscribe
  • Brazil Delays Startup of Controversial Law on Tax Liens

    BloombergBy: Ed Taylor (Bloomberg BNA)

    Companies in Brazil have been given an additional four months to prepare for the startup of a controversial law permitting liens without a court order on any asset owned by a firm with tax debts.

    To read more go here Subscription Required
    By Taylor, Ed, posted on Thursday May 31, 2018
  • Australia Panel Seeks Public Release of Global Tax Report Details

    BloombergBy: Peter Hill (Bloomberg BNA)

    An Australian Senate committee wrapped up a four-year inquiry with a call for public tax and profit reporting for multinational companies. The Senate Economics Reference Committee, in a report released May 30, also recommended that all companies and trusts publicly disclose information about beneficial owners.

    To read more go here Subscription Required
    By Hill, Peter, posted on Thursday May 31, 2018
  • Early Numbers Show Repatriation Tax Haul Likely to Miss Estimates

    BloombergBy: Allyson Versprille and Alison Bennett (Bloomberg BNA)

    The top 55 companies on the 2017 Fortune 500 list expect to pay about $131 billion in taxes on their earnings stockpiled overseas. The amounts those companies—excluding the ones that are private or government-sponsored—are disclosing in their earnings reports show that the revenue from the law's repatriation tax will likely fall far short of lawmakers’ and the Trump administration's expectations.

    To read more go here Subscription Required
    By Versprille, Allyson; and Bennett, Alison, posted on Thursday May 31, 2018
  • Merkel's Call to Tax Data Reveals Hurdles to Policing Tech Giants

    BloombergBy: Jabeen Bhatti (Bloomberg BNA)

    German Chancellor Angela Merkel's call to put a value on data in order to tax it like a tangible product is fraught with unknowns and could place a huge burden on business, analysts told Bloomberg Tax.

    To read more go here Subscription Required
    By Bhatti, Jabeen, posted on Thursday May 31, 2018
  • Don't Challenge Staggered Government-Aid Decisions: EU Court

    BloombergBy: Linda A. Thompson (Bloomberg BNA)

    A May 31 judgment from the EU's second-highest court sends a message that European governments have little chance of appealing government-aid decisions by alleging a short-term competitive disadvantage from staggered edicts, practitioners said.

    To read more go here Subscription Required
    By Thompson, Linda A., posted on Thursday May 31, 2018
  • Canadian Draft Exceeds Basic Profit Shifting Requirements

    Bloomberg By: Peter Menyasz (Bloomberg BNA)

    Canada's proposed legislation to implement measures to combat aggressive tax planning go significantly beyond the minimum requirements agreed to at the international level.

    To read more go here Subscription Required
    By Menyasz, Peter, posted on Wednesday May 30, 2018
  • Australian Taxman Gives Multinationals 'Heads Up' on Tax Hit

    BloombergBy: Peter Hill (Bloomberg BNA)

    Australia's chief for international tax has warned some multinational companies that they could face a tax bill in the future if they arrange their affairs to principally obtain a local or foreign tax benefit.

    To read more go here Subscription Required
    By Hill, Peter, posted on Wednesday May 30, 2018
  • Corporate Profits Boosted in Early 2018 by Tax Cuts

    WSJ logoBy: Ben Leubsdorf (The Wall Street Journal)

    Corporate profits were bolstered in the first quarter by tax cuts enacted at the end of 2017, but the underlying trend showed some signs of strain.

    To read more go here Subscription Required
    By Leubsdorf, Ben, posted on Wednesday May 30, 2018
  • Why Corporate Profits May Be Weaker Than They Seem

    WSJ logoBy: Justin Lahart (The Wall Street Journal)

    According to companies, profits were great in the first quarter. According to government statistics, not so much.

    To read more go here Subscription Required
    By Lahart, Justin, posted on Wednesday May 30, 2018
  • Amazon, EBay Put Spotlight on Rivals in U.K.'s Tax Fraud Fight

    Bloomberg By: Ben Stupples (Bloomberg BNA)

    Amazon.com Inc. and eBay Inc., two of the world's largest online marketplaces, have put pressure on their rivals by publicly signing up to the U.K.’s latest efforts to crack down on value-added tax fraud.

    To read more go here Subscription Required
    By Stupples, Ben, posted on Tuesday May 29, 2018


Read More International Tax News