International Tax News Blog

Archives: August 2018

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  • EU's Digital Tax Plan Faces Practical Application Issues

    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.

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    By Olivo, Natalie , posted on Friday August 31, 2018
  • Poland's Exit Tax could raise Business Costs

    International Tax Review By Josh White

    Poland’s Proposals to introduce an exit tax may unintentionally raise costs for some businesses that regularly operate across borders, warn practitioners.

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    By White, Josh, posted on Friday August 31, 2018
  • China Plans Tax Cuts for Foreign Bond Investors to Aid Growth

    Bloomberg 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.

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    By Bloomberg News, posted on Friday August 31, 2018
  • IRS Earnings-Stripping Rules Leave OMB, Ready for Removal

    Bloomberg 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.

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    By O'Neal, Lydia, posted on Friday August 31, 2018
  • 3% Digital Tax Still Rankling EU Parliament Members

    Bloomberg 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.

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    By Ali, Hamza , posted on Friday August 31, 2018
  • Transition Tax Notional Cash Pool Rule Leaves Some Pondering

    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.

    Tax Analysts by Andrew Velarde

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    By Velarde, Andrew, posted on Wednesday August 29, 2018
  • With Tax Reform Sweeping the Globe, What About Canada?

    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.

    Tax Analysts by Michael N. Kandev

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    By Kandev, Michael N., posted on Wednesday August 29, 2018
  • Conducting Value Chain Analysis Under BEPS Action 10

    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.

    Tax Analysts by Siddhesh Rao

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    By Rao, Siddhesh, posted on Wednesday August 29, 2018
  • Sweden to Apply New OECD Profit-Split Guidance Retrospectively

    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.

    Tax Analysts by Ryan Finley

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    By Finley, Ryan, posted on Thursday August 30, 2018
  • Future EU Trade Pacts Should Address Tax Issues, Think Tank Says

    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.

    Tax Analysts by William Hoke

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    By Hoke, William, posted on Thursday August 30, 2018


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