The ITPF News Blog is managed by the students at the University of Florida Levin College of Law International Tax LLM Program.
Archives: June 2019Subscribe
Congress should contemplate legislation to address policy issues regarding the 2017 tax law’s international tax regime, pending the release of tax return data and the OECD’s proposal on minimum taxes, according to a congressional staffer.
The European Commission fell short in swaying support for its decision that Hungary’s progressive advertising tax violated EU state aid rules.
Congress may step in to reevaluate and limit the constitutional authority it has been sharing with the executive branch regarding tariffs, and Rep. Earl Blumenauer, D-Ore., said he expects bipartisan support for a restriction.
France’s Senate and National Assembly have ironed out compromise legislation for a digital services tax, which includes a provision seeking clarification on whether the European Commission would raise state aid issues.
The United Kingdom government has appealed against the European Commission’s decision that an exemption from the U.K. controlled foreign company rules for intragroup interest granted a selective advantage and constituted state aid.
France and Germany have proposed a method for the “mutualization” of financial transaction tax revenues that would ensure that each of the 10 participating countries would get at least €20 million.
At least for purposes of enforcing pre-2019 law, Poland’s tax administration will not refer to secret comparables or require that taxpayers use domestic transactions or companies when applying the selected transfer pricing method.
Lee A. Sheppard discusses pending tax treaties and protocols in the U.S. Senate and how the chamber might finally be taking action to ratify agreements with Hungary, Switzerland, Luxembourg, and others.
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