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Archives: August 2018Subscribe
Law 360 - By Natalie Olivo
The European Union’s proposal to tax online activities based on a digital platform's users and data — rather than a physical presence — presents logistical hurdles in attempting to split profits based on where value is created, a practitioner said Wednesday.To read more go here
by: Bloomberg News
China will exempt foreign institutions from paying some taxes on interest gains in the onshore bond market as part of efforts to support the economy. The exemption was announced after a State Council meeting presided over by Premier Li Keqiang on Thursday which covered corporate income and value-added taxes for a period tentatively set at three years.
by: Lydia O'Neal
The White House's Office of Management and Budget finished its evaluation of a proposal to remove regulations imposing documentation requirements on multinationals. The proposed rules withdrawing regulations for tax code Section 385. The Section 385 rules are intended to stop multinationals from moving money out of the U.S. via loans to subsidiaries and raking in tax benefits of interest payments on those loans.
by: Hamza Ali
Some European Parliament members still have doubts about the proposed 3% tax on digital companies, like Amazon.com Inc. and Alphabet Inc.'s Google. One member calls for a higher tax rate, while others have doubts on how the system as a whole will be enforced. The tax is viewed as a key component in efforts to crack down on large digital companies.
Proposed transition tax regs may provide a significant amount of computational and definitional detail, but the rules’ spartan guidance on notional cash pools has left practitioners with an unclear picture on that matter.
by Andrew Velarde
In this article, the author examines Canada’s tax reform efforts, or absence thereof, comparing Canada’s approach with tax reform efforts in other countries, particularly the United States. After reviewing the status quo, he makes recommendations regarding how Canada can maintain its tax competitiveness while also supporting its approach to social welfare.
by Michael N. Kandev
In this article, the author examines the theoretical background of value chain analysis and some of the approaches that multinational enterprises could use to perform the analysis.
by Siddhesh Rao
As a clarification of existing rules, newly released guidance on the profit-split method incorporating recent revisions to the OECD transfer pricing guidelines will apply both prospectively and retrospectively, according to Sweden’s tax administration.
by Ryan Finley
With trade tensions between the United States and other countries escalating, a think tank says the EU should respond with both negotiations and retaliatory measures, and that future deals should address tax optimization and evasion.
by William Hoke
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