International Tax News Blog

Archives: September 2020

Subscribe
  • Brussels to appeal against court decision quashing Apple tax order

    Financial Times

    By: Javier Espinoza and Arthur Beesley

    Margrethe Vestager, the EU’s executive vice-president in charge of competition policy, said on Friday that Brussels will appeal against a court decision that quashed an order for Apple to pay back €14.3bn in tax advantages to Ireland.

    To read more go here Subscription Required
    By Javier Espinoza and Arthur Beesley, posted on Friday September 25, 2020
  • Vodafone wins long-running €3bn India tax battle

    Financial Times

    By: Nic Fildes and Stephanie Findlay

    Vodafone has won a long-running dispute with the Indian tax authorities which argued that the UK telecoms group should pay almost €3bn in back taxes and penalties related to its 2007 acquisition of a local operator.

    To read more go here Subscription Required
    By Nic Fildes and Stephanie Findlay, posted on Friday September 25, 2020
  • OECD to Soon Consult on Global Tax Overhaul Blueprints

    By: Stephanie Soong Johnston

    The OECD will publish final blueprints and an impact assessment related to a proposal for modernizing global tax rules on October 12 and will start a public consultation shortly thereafter, the OECD’s tax chief said.

    To read more go here Subscription Required
    By Stephanie Soong Johnston, posted on Wednesday September 23, 2020
  • EU Wants to Rate Tax Behavior of Tech Giants

    By: Elodie Lamer

    The EU is finalizing tougher rules to regulate big tech companies, with possible soft law measures to influence their tax behavior.

    To read more go here Subscription Required
    By Elodie Lamer, posted on Wednesday September 23, 2020
  • OECD Still Hopes for Global Tax Accord Despite Difficulties

    By: Stephanie Soong Johnston

    Although it has been difficult to get countries moving toward a common approach to modernize global corporate tax rules, the OECD remains hopeful that consensus is within reach, the organization’s tax boss said.

    To read more go here Subscription Required
    By Stephanie Soong Johnston, posted on Thursday September 24, 2020
  • EU Solution Would Replace National Digital Taxes, Gentiloni Says

    By: Sarah Paez

    In the event that OECD-level negotiations do not yield an agreement on digital taxation, any European proposal would supersede member states’ individual digital services taxes, according to the EU’s top tax official.

    To read more go here Subscription Required
    By Sarah Paez, posted on Friday September 25, 2020
  • Apple’s $15 Billion Tax Victory Faces EU Appeal at Top Court (2)

    Logo: Bloomberg Law

    By Aoife White and Stephanie Bodoni 

    Apple Inc.’s victory over a record back-tax order faces a challenge at the European Union’s top court as Competition Commissioner Margrethe Vestager seeks to rescue her crackdown on allegedly unfair fiscal deals doled out to multinational companies. The EU’s General Court “made a number of errors of law” when it sided with Apple in its ruling in July, the European Commission said in a statement on Friday announcing that it would appeal to the EU Court of Justice. 

    To read more go here Subscription Required
    By Aoife White and Stephanie Bodoni , posted on Friday September 25, 2020
  • EU Aims to Ease Relief From Cross-Border Taxes on Dividends

    Logo: Bloomberg Law

    By Stephen Gardner

    The European Commission plans to propose streamlining systems within the European Union for claiming relief from double taxation of dividends. Proposals, which would be published by the end of 2022, would seek to improve on the current situation of “divergent, burdensome, lengthy and fraud-prone refund procedures for tax withheld in cases of cross-border investment,” the commission, the EU’s executive, said in an action plan published Thursday.

    To read more go here Subscription Required
    By Stephen Gardner, posted on Thursday September 24, 2020
  • Digital Tax Plan Has Pitfalls for Developing Countries: UN Group

    Logo: Bloomberg Law

    By Isabel Gottlieb

    The OECD’s digital tax overhaul carries “potentially adverse implications” for developing countries, warned a new report from a panel convened by the United Nations. The time frame of the negotiations has been dictated by richer countries, and may be too fast for developing countries, which have fewer resources to devote to the process, the interim report said Thursday. Nearly 140 countries are negotiating a global tax overhaul at the Organization for Economic Cooperation and Development to address concerns about how tech giants and other multinationals are taxed. 

    To read more go here Subscription Required
    By Isabel Gottlieb, posted on Thursday September 24, 2020
  • EU Plans Digital Tax at Year-End Should OECD Talks Fail: Breton

    Logo: Bloomberg Law

    By Tara Patel

    The European Union will propose a digital tax on tech companies at the end of the year if nations fail to get a multilateral deal within the OECD, EU Commissioner Thierry Breton said Friday in an interview on BFM Business. 

    To read more go here Subscription Required
    By Tara Patel, posted on Friday September 11, 2020


Read More International Tax News