IRS Issues Final Foreign Tax Credit Regulations

Mike Godfrey, Tax-News.com Washington // 06 December, 2019

On December 2, 2019, the United States Internal Revenue Service issued final regulations on the foreign tax credit following major changes to the US tax code.
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EU States Shut Down Plans For Public CbC Reporting

Ulrika Lomas, Tax-News.com, Brussels // 02 December, 2019

EU member states have been unable to reach an agreement on proposals to release to the public information on multinational enterprises' tax affairs.
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OECD Releases Minimum Tax Plan To Solve Digital Tax Issues

Ulrika Lomas, Tax-News.com, Brussels // 15 November, 2019

The OECD on November 8, 2019, released its plans for a minimum tax on corporate profits, which is one element of a two-pronged approach to solving the tax challenges arising from the digitalization of the economy.
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MEPs Push For CbC Reports To Be Made Public

Ulrika Lomas, Tax-News.com, Brussels // 28 October, 2019

Members of the European Parliament (MEPs) have called on EU member states to agree proposals that would require the public disclosure of country-by-country (CbC) reports, to reveal the taxes paid by multinationals.
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South Africa Launches Large Business Center

Lorys Charalambous, Tax-News.com, Cyprus // 28 October, 2019

On October 23, 2019, the Commissioner of the South African Revenue Service launched the re-established Large Business Centre, which aims to bring about higher levels of voluntary tax compliance among large taxpayers.
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