International Tax News Blog

Archives: January 2020

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  • Insight: Weapons of Mass Taxation - Excise Taxes, Transfer Pricing and Tariffs

    Bloomberg TaxBy: Steven C. Wrappe 

    The author discusses the three different taxing approaches that have emerged to address the tax challenges of the digital economy. 

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    By Steven C. Wrappe, posted on Monday January 27, 2020
  • Anti-Abuse Law Helps Bring U.K. $6.5 Billion More Corporate Tax

    Bloomberg TaxBy: Hamza Ali

    While the U.K.'s diverted profits tax is raising less revenue than expected, according to newly released data, it may be working as it should. 
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    By Hamza Ali, posted on Monday January 27, 2020
  • Insight: U.K. Final Regulations for Disclosure of Cross-Border Tax Arrangements

    Bloomberg TaxBy: Catherine Robins

    The author reviews the U.K.'s recently issued final regulations to implement the EU directive DAC 6, which is designed to enable EU tax authorities to share information about cross-border tax schemes. The regulations require U.K. tax intermediaries to report to HM Revenue and Customs certain cross-border tax arrangements. 

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    By Catherine Robins, posted on Tuesday January 28, 2020
  • Denmark Support EU-Wide Deal on Digital Tax, Premier Says

    BloombergBy: Morten Buttler

    Danish Prime Minister Mette Frederiksen told an EU conference in Copenhagen that Denmark would support an EU-wide agreement to the digital tax controversy should a global deal fail.

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    By Morten Buttler, posted on Tuesday January 28, 2020
  • Europe Mulls Several Carbon Border Tax Options, Official Says

    BloombergBy: Ewa Krukowska

    The European Commission is considering several options for penalizing imports from polluters, amid ever-louder warnings that the plan could trigger retaliation from China and the U.S.

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    By Ewa Krukowska, posted on Tuesday January 28, 2020
  • Where Does Multinational Investment Go with Territorial Taxation? Evidence from the United Kingdom

    American Economic AssociationBy: Li Liu

    In 2009, the United Kingdom changed from a worldwide to a territorial tax system, abolishing dividend taxes on foreign repatriation from many low-tax countries. This author assesses the causal effect of territorial taxation on real investments, using a unique dataset for multinational affiliates in 27 European countries and employing the difference-in-differences approach. The author finds that the territorial reform has increased the investment rate of UK multinationals by 16.7 percentage points in low-tax countries. The author concludes that in the absence of any significant investment reduction elsewhere, their findings represent a likely increase in total outbound investment by UK multinationals.

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    By Li Liu, posted on Saturday February 1, 2020
  • EU Countries Push for Carve-Out in OECD Global Minimum Tax

    Bloomberg TaxBy: Joe Kirwin

    Estonia, the Czech Republic, and Poland are asking for an exemption for some companies from the OECD-led effort to set a global minimum tax rate. 

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    By Joe Kirwin, posted on Wednesday January 22, 2020
  • Why 'Digital Taxes' Are the New Trade War Flashpoint: QuickTake

    Bloomberg TaxBy: William Horobin and Aoife White

    Reporters William Horobin and Aoife White succinctly summarize how digital taxes have become the new front for an ongoing global trade war.

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    By William Horobin and Aoife White, posted on Wednesday January 22, 2020
  • Javid Says U.K. Plans to Go Ahead with Digital Tax in April

    Bloomberg TaxBy: Lucy Meakin

    At the World Economic Forum in Davos, Chancellor of the Exchequer Sajid Javid told a panel that the U.K. government intends to go ahead tax on digital services in April. The tax will be temporary and last until an international agreement is put in place. 
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    By Lucy Meakin, posted on Wednesday January 22, 2020
  • France's Le Maire Says in Good Mood for Talk With U.S.

    Bloomberg TaxBy: Francine Lacqua and William Horobin

    French Finance Minister Bruno Le Maire said he is hopeful for a compromise with the U.S. on digital taxes to avoid a transatlantic trade war. 
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    By Francine Lacqua and William Horobin, posted on Wednesday January 22, 2020


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