The ITPF News Blog is managed by the students at the University of Florida Levin College of Law International Tax LLM Program.
By: Javier Espinoza and Arthur Beesley
Margrethe Vestager, the EU’s executive vice-president in charge of competition policy, said on Friday that Brussels will appeal against a court decision that quashed an order for Apple to pay back €14.3bn in tax advantages to Ireland.
By: Nic Fildes and Stephanie Findlay
Vodafone has won a long-running dispute with the Indian tax authorities which argued that the UK telecoms group should pay almost €3bn in back taxes and penalties related to its 2007 acquisition of a local operator.
By: Stephanie Soong Johnston
The OECD will publish final blueprints and an impact assessment related to a proposal for modernizing global tax rules on October 12 and will start a public consultation shortly thereafter, the OECD’s tax chief said.
By: Stephanie Soong Johnston
Although it has been difficult to get countries moving toward a common approach to modernize global corporate tax rules, the OECD remains hopeful that consensus is within reach, the organization’s tax boss said.
By: Sarah Paez
In the event that OECD-level negotiations do not yield an agreement on digital taxation, any European proposal would supersede member states’ individual digital services taxes, according to the EU’s top tax official.
By Aoife White and Stephanie Bodoni
Apple Inc.’s victory over a record back-tax order faces a challenge at the European Union’s top court as Competition Commissioner Margrethe Vestager seeks to rescue her crackdown on allegedly unfair fiscal deals doled out to multinational companies. The EU’s General Court “made a number of errors of law” when it sided with Apple in its ruling in July, the European Commission said in a statement on Friday announcing that it would appeal to the EU Court of Justice.
By Stephen Gardner
The European Commission plans to propose streamlining systems within the European Union for claiming relief from double taxation of dividends. Proposals, which would be published by the end of 2022, would seek to improve on the current situation of “divergent, burdensome, lengthy and fraud-prone refund procedures for tax withheld in cases of cross-border investment,” the commission, the EU’s executive, said in an action plan published Thursday.
By Isabel Gottlieb
The OECD’s digital tax overhaul carries “potentially adverse implications” for developing countries, warned a new report from a panel convened by the United Nations. The time frame of the negotiations has been dictated by richer countries, and may be too fast for developing countries, which have fewer resources to devote to the process, the interim report said Thursday. Nearly 140 countries are negotiating a global tax overhaul at the Organization for Economic Cooperation and Development to address concerns about how tech giants and other multinationals are taxed.
By Tara Patel
The European Union will propose a digital tax on tech companies at the end of the year if nations fail to get a multilateral deal within the OECD, EU Commissioner Thierry Breton said Friday in an interview on BFM Business.
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