International Tax News Blog

Archives: July 2020

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  • Why Sweden Should Lobby for a Temporary OECD-Approved Digital Services Tax

    By: Torsten Fensby

    In this article, the author argues that the OECD’s two-pillar approach to digital taxation would prove harmful to the Swedish economy and therefore the country should build support for an OECD-approved digital services tax that would sunset once an appropriate multilateral solution is developed.

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    By Torsten Fensby, posted on Wednesday July 29, 2020
  • Apple: Why the EU Needs a Common Corporate Income Tax

    By: Frans Vanistendael

    In this article, the author discusses the General Court of the European Union’s judgment in the Apple state aid case and its potential impact on how the EU addresses state aid and tax abuse.

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    By Frans Vanistendael, posted on Tuesday July 28, 2020
  • Philippine President Urges Congress to Cut Corporate Tax Rate

    By: William Hoke

    Philippine President Rodrigo Duterte has called on Congress to pass legislation cutting the corporate income tax rate from 30 percent to 25 percent and extending the loss carryover period for most taxpayers to five years. 

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    By William Hoke, posted on Tuesday July 28, 2020
  • Crunch Time: What the Apple Decision Means for Global Tax Reform

    By: Stephanie Soong Johnston

    The core of the EU General Court’s recent Apple decision may be state aid, but it could raise stakes as countries aim for agreement on global corporate tax reform for the digital age.

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    By Stephanie Soong Johnston, posted on Tuesday July 28, 2020
  • BEPS Primer: Past, Present, and Future

    By: Jeffery M. Kadet

    In this two-part article, the author updates his examination of the initial OECD base erosion and profit-shifting project, and he considers the process and potential success of BEPS 2.0. This first installment examines the origin of the BEPS project, its objectives, and how it may proceed in the future. The second installment will focus on BEPS 2.0.

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    By Jeffery M. Kadet, posted on Tuesday July 21, 2020
  • Authority Questions Arise for FDII Heightened Substantiation

    By: Andrew Velarde

    Treasury’s decision to base its substantiation requirements for some foreign-derived intangible income transactions on those of two other tax code provisions may lead to taxpayers questioning the authority upon which it rests.

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    By Andrew Velarde, posted on Wednesday July 22, 2020
  • The Trouble With ‘Pillars’ in International Tax Policy

    By: Lucas De Lima Carvalho

    In this article, the author discusses the OECD’s two-pillar approach to taxing the digital economy. He focuses on the narrative of “pillar-building” in international tax policy and the difference between building consensus and manufacturing consent.

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    By Lucas De Lima Carvalho, posted on Wednesday July 22, 2020
  • OECD Sketches Out Progress on Global Tax Reform Blueprints

    By: Stephanie Soong Johnston

    The OECD has made good progress on designing a global tax reform plan, but stakeholders may need to be realistic about the prospect of countries agreeing on that plan by year-end, officials said.

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    By Stephanie Soong Johnston, posted on Thursday July 23, 2020
  • U.K. Digital Services Tax Becomes Law, Stoking Trade Tensions

    By: Stephanie Soong Johnston

    The U.K digital services tax has become law, setting the stage for escalating trade war tensions between the United Kingdom and the United States, which is investigating whether the tax discriminates against American business interests.

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    By Stephanie Soong Johnston, posted on Thursday July 23, 2020
  • Cost-Sharing Arrangements May Have Less Appeal Post-TCJA

    By: Ryan Finley

    The Tax Cuts and Jobs Act’s amendments to the definition of intangible property and codification of the aggregation and realistic alternative principles may discourage taxpayers’ use of cost-sharing arrangements in the future.

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    By Ryan Finley, posted on Thursday July 23, 2020


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