OECD Fleshes Out Int'l Tax Reform Plans During BEPS Webcast

Ulrika Lomas, Tax-News.com, Brussels // 13 June, 2019

During a webcast on June 11, the OECD provided a technical update on its work to develop new, modernized international tax rules for the digitalized economy.
Read full story »

EU Takes Action Against Spain Over Rules On Reporting Of Assets

Ulrika Lomas, Tax-News.com, Brussels // 13 June, 2019

The European Commission is taking Spain to the Court of Justice over the imposition of "disproportionate" sanctions for failure to report assets held abroad.
Read full story »

NZ Requests Input On Design Of New Digital Services Tax

Mary Swire, Tax-News.com, Hong Kong // 05 June, 2019

New Zealand's Inland Revenue has launched a consultation seeking feedback on the design of a new digital services tax (DST).
Read full story »

US IRS Commits To Resolve Transition Tax Issues

Mike Godfrey, Tax-News.com, Washington // 05 June, 2019

A review of the deemed repatriation tax under the United States Tax Cuts and Jobs Act 2017 by the Treasury Inspector General for Tax Administration has found that the Internal Revenue Service encountered significant problems administering the retroactive components of the tax.
Read full story »

IRS Proposes Extra Controlled Foreign Company Rules

Mike Godfrey, Tax-News.com, Washington // 05 June, 2019

The United States Internal Revenue Service has proposed rules regarding the attribution of ownership of stock or other interests for purposes of determining whether a person is a related person with respect to a controlled foreign corporation (CFC) under section 954(d)(3).
Read full story »