The ITPF News Blog is managed by the students at the University of Florida Levin College of Law International Tax LLM Program.
Archives: November 2019Subscribe
The formulas for calculating local distributors’ profit under pillar 1 of the OECD’s two-pillar project on taxing the digital economy should produce results that generally align with the arm's-length standard, according to business representatives and practitioners.
The three British crown dependencies have jointly released updated guidance for applying each jurisdiction’s new economic substance rules, with new sections on core income-generating activities of intellectual property companies, shipping, and the insurance industry.
Robert Goulder examines whether reverse transfer pricing could become a viable method to avoid the base erosion and antiabuse tax provisions.
The OECD must address the lack of interaction between three categories of company profit that would be taxed under proposed new global tax rules, or else double taxation risks could increase, a trade representative warned.
The head of a Philippine business association said a tax reform program might be one of the reasons why 10 to 15 multinational companies' regional operating headquarters have pulled out of the country.
In this article, the author tracks the development of the EU and OECD actions to combat harmful tax competition and assesses the current state of play.
By Danish Mehboob
The retail banking sector wants to be exempted from the pillar one proposals under the OECD’s digital tax plan because of existing, heavy financial regulations and possible mismatches with OECD policy considerations under pillar one.
By Mattias Cruz Cano
Amazon has suggested the OECD should adopt existing VAT principles to simplify the compliance and administration of its digital tax proposals under pillar one. It believes VAT rules on customer location could help, but warns that privacy laws and VPNs mean it can only be part of the solution.
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