The ITPF News Blog is managed by the students at the University of Florida Levin College of Law International Tax LLM Program.
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By Adam Reed
Regarding “Car Makers Keen on Electric Push” (Business News, Nov. 10): It is true that we can do better than our current patchwork of state and federal auto regulations. Yet no matter how many electric vehicles we put on the road, more is needed to reduce our carbon emissions. We need to incentivize a gradual transition to clean-energy sources throughout our entire economy.
By Isabel Gottlieb
Agreements between countries on taxes targeting revenue, rather than profits, are acceptable under international law, the top United Nations tax official said Monday. “Bilateral negotiations can take time but they also have a more immediate signaling function on treaty possibilities and on domestic law legitimacy,” said Michael Lennard, chief of international tax cooperation in the U.N. Financing for Development Office.
By Isabel Gottlieb
President-elect Joe Biden’s Treasury Department is facing a narrow window if it wants to put its stamp on an OECD-led effort to overhaul global tax rules in 2021. The OECD wants to get nearly 140 countries to agree to a plan by next summer—which won’t leave much time for Treasury staffers to take on their new roles after Biden takes office Jan. 20, firm up the U.S.'s negotiating position going forward, and engage in the talks.
By Marc Champion
From NATO to climate change, the relationship between the U.S. and Europe is in dire need of a reboot after four years of President Donald Trump’s abrasive “America First” policies. Technology—covering 5G networks, digital taxation, privacy rules, cross border data flows and more—may not be the most obvious place to start fixing a transatlantic security alliance formed before the dawn of the Internet. But as Joe Biden heads to the White House, it’s arguably the most urgent, if difficult.
By Ksenia Galouchko
Choosing to earn a living from home once the pandemic ends is a privilege that you should pay for, according to strategists from Deutsche Bank AG’s research arm. “Working from home will be part of the ‘new normal’ well after the pandemic has passed,” the strategists led by Luke Templeman wrote in a note. “We argue that remote workers should pay a tax for the privilege.”
By Siri Bulusu
Private equity funds are asking Treasury to help them avoid a tax hit on offshore income. Treasury is working on finalizing rules that would allow companies already paying at least 18.9% in taxes offshore to opt out of taxes on two types of offshore income—global intangible low-taxed income (GILTI) and Subpart F income.
By Richard Rubin
President-elect’s tax plans likely hinge on whether Democrats can win two January runoffs in Georgia.
By: Andrew B. Lyon
In this article, the author examines the 2018-2019 increase in cross-border mergers and acquisitions, saying that while a range of factors likely affects the volume of outbound and inbound M&A in any year, the data support the notion that the 2017 tax reform legislation improved the attractiveness of the United States as the tax domicile for multinational enterprises.
By: Sarah Paez
A new U.S. administration could ease tensions with Europe and pave the way for consensus on global digital taxation and a better EU-U.S. trade relationship, European Commission President Ursula von der Leyen said.
By: Andrew Velarde
With Joe Biden’s election, his campaign’s international tax proposals are getting more attention from the tax community. While the proposals have led to some eye-popping revenue estimates, many questions remain regarding details and implementation.
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