International Tax News Blog

Archives: February 2020

  • G-20 Ministers Back New Roadmap for OECD Global Tax Deal

    By: Stephanie Soong Johnston

    G-20 finance ministers have endorsed an updated roadmap to guide OECD-level negotiations on a global tax overhaul deal by the end of 2020, underscoring the importance of agreement on elements of that solution by July.

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    By Stephanie Soong Johnston, posted on Tuesday February 25, 2020
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    House Bill Seeks To Force Multinationals To Disclose Tax Havens

    By Joseph Boris

    Legislation recently introduced in the U.S. House of Representatives would force large multinational companies to provide country-by-country financial reports that the bill’s Democratic sponsors say would reveal the possible use of offshore tax havens.

    By Joseph Boris, posted on Friday February 21, 2020
  • Economic Analysis: OECD Pillar 1 'Amount A' Shakes Up Worldwide Profit

    By: Martin A. Sullivan

    In economic analysis, Martin A. Sullivan uses details from an OECD proposal and real but imperfect data to mimic how the OECD may begin to tax the digital economy.

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    By Martin A. Sullivan, posted on Monday February 24, 2020
  • KPMG Study Casts Doubt on Key OECD Global Tax Deal Design Issue

    By: Ryan Finley and Stephanie Soong Johnston

    A new economic analysis from KPMG throws into question the need for differentiation in amount B of the OECD’s so-called unified approach for modernizing corporate tax rules for the digital age. 

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    By Ryan Finley and Stephanie Soong Johnston, posted on Monday February 24, 2020
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    The OECD releases final TP guidance on financial transactions

    By Josh White

    The OECD has published its long-awaited TP guidance on financial transactions that includes several new points on how to apply the arm’s-length principle (ALP) to credit default swaps and economic modelling.

    By Josh White, posted on Wednesday February 12, 2020
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    CBO Report Adds To Controversy Over Int’l Tax Regs

    By Natalie Oilvio

    The Congressional Budget Office’s recent economic outlook report is murky on how the 2017 tax overhaul’s international measures lowered corporate revenue projections by roughly $110 billion, leaving space for debate about whether business-friendly regulations affected the adjustment.

    By Natalie Olivio, posted on Friday February 14, 2020
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    Dems' Bill Would Nix Treasury's High-Tax Exception To TCJA

    By Alex M. Parker

    A bill proposed by two Democratic senators would reverse a recent U.S. Treasury Department proposed regulation that would exempt corporate income already taxed at high rates from the 2017 tax overhaul's global minimum tax.

    By Natalie Olivio, posted on Friday February 14, 2020
  • Zuckerberg to say Facebook will accept more taxes, new rules

    The Hill

    By Marty Johnson

    Facebook founder and CEO Mark Zuckerberg is expected to deliver remarks on Saturday in Germany expressing his company's acceptance of having to pay more taxes under global tax reforms. “I understand that there’s frustration about how tech companies are taxed in Europe. We also want tax reform and I’m glad the OECD [Organization for Economic Cooperation and Development] is looking at this,” excerpts of Zuckerberg's speech read, Reuters reports.

    By Marty Johnson, posted on Friday February 14, 2020
  • Insight: U.K. Tax Authority Focus on "Profit Diversion" Means MNEs Pay More Tax

    Bloomberg TaxBy: John Claypole and Ken Almand

    The authors consider the impact of the U.K. tax authority's Diverted Profits Tax so far, and what's ahead for multinationals. 

    By John Claypole and Ken Almand , posted on Monday February 10, 2020
  • Tech Groups Wants to Help to Avoid Cloud Transaction Tax Hit

    Bloomberg TaxBy: Siri Bulusu

    Business groups and tech giants want the IRS to clarify new cloud computing tax rules and ensure companies won’t take an unexpected tax hit.

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    By Siri Bulusu , posted on Monday February 10, 2020

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