International Tax News Blog

Archives: August 2020

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  • Economic Analysis: New Data Show So Far No Post-TCJA Profit Shifting to U.S.

    By: Martin A. Sullivan

    In economic analysis, Martin A. Sullivan says that new data show little change in profit shifting by multinational corporations since enactment of the Tax Cuts and Jobs Act, but that it's still early.

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    By Martin A. Sullivan, posted on Tuesday August 25, 2020
  • U.K. Denies Government U-Turn on Digital Services Tax

    By: Stephanie Soong Johnston

    HM Treasury has denied a U.K. media report that the U.K. government is considering abolishing the digital services tax, partly because of U.K.-U.S. trade concerns as both countries continue negotiating a deal.

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    By Stephanie Soong Johnston, posted on Tuesday August 25, 2020
  • Facebook France to Pay €106 Million in Back Taxes

    By: Sarah Paez

    Facebook’s French subsidiary has agreed to pay over €100 million in back taxes to French tax authorities after an audit found the company had not paid the correct amount of taxes for nearly a decade.

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    By Sarah Paez, posted on Tuesday August 25, 2020
  • Draft U.N. Article to Tax Digital Services May See Wide Adoption

    By: Stephanie Soong Johnston

    If a new draft article to tax digital services is added to the U.N. model tax convention, it’s likely it will then be included in several existing and future tax treaties, an Indian official said.

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    By Stephanie Soong Johnston, posted on Wednesday August 26, 2020
  • OECD Pillar 2 Draft Further Maps Out GLOBE Minimum Tax Proposal

    By: Stephanie Soong Johnston and Ryan Finley

    An OECD draft report on its global anti-base-erosion (GLOBE) proposal charts out significant design progress but has yet to address how it will coexist with the U.S. global intangible low-taxed income provision.

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    By Stephanie Soong Johnston and Ryan Finley, posted on Tuesday August 18, 2020
  • Top Brazilian Lawmaker Pans ‘Digital’ Financial Transactions Tax

    By: William Hoke 

    The speaker of Brazil’s Chamber of Deputies voiced opposition to the government’s plans for a “digital” tax on financial transactions because of its potential similarity to a lapsed financial transactions tax that was widely criticized.

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    By William Hoke, posted on Thursday August 20, 2020
  • MasterCard Escapes Equalization Levy for Now, India Court Says

    By: Stephanie Soong Johnston

    MasterCard won’t have to pay an equalization levy in India because it already has a permanent establishment there, but its liability may change depending on the outcome of its appeal in a separate court case.

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    By Stephanie Soong Johnston, posted on Friday August 21, 2020
  • Dutch Exit Tax Gains Support but Could Threaten Business Climate

    By: Sarah Paez

    A Dutch bill that would impose a conditional exit tax on reorganizations like company transfers and mergers may face legal troubles and have unintended consequences for the business climate.

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    By Sarah Paez, posted on Friday August 21, 2020
  • Why the United Nations Digital Tax Proposal Deserves More Attention

    By: Nana Ama Sarfo

    Nana Ama Sarfo looks at the U.N.'s new digital services treaty proposal, how it serves the interests of developing countries, and how it diverges from the OECD's approach.

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    By Nana Ama Sarfo, posted on Monday August 24, 2020
  • The GILTI High-Tax Exception: Who Benefits?

    By: Mindy Herzfeld

    Mindy Herzfeld examines whether, in finalizing regulations implementing the subpart F high-tax exception to items of income that would otherwise be tested income taxable as global intangible low-taxed income, Treasury exceeded its statutory authority, subverted congressional intent, and provided a giveaway to corporate taxpayers.

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    By Mindy Herzfeld, posted on Monday August 24, 2020


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