The ITPF News Blog is managed by the students at the University of Florida Levin College of Law International Tax LLM Program.
Archives: February 2020Subscribe
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.
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: 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.
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.
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 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 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 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: 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: 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.
Read More International Tax News