International Tax News Blog

Archives: October 2020

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  • U.N. Receives New National Profiles for Transfer Pricing Manual

    By: Ryan Finley

    China, Mexico, and South Africa have submitted updated descriptions of their national enforcement practices for inclusion in the next edition of the U.N. transfer pricing manual, which will also feature a new section on Kenya.

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    By Ryan Finley, posted on Tuesday October 20, 2020
  • Le Maire Backs EU Sanctions Against U.S. in Airbus-Boeing Conflict

    By: Sarah Paez

    Europe should levy tariffs on American imports in retaliation for U.S. tariffs imposed in response to the dispute over the EU’s Airbus subsidies, French Finance Minister Bruno Le Maire said.

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    By Sarah Paez, posted on Monday October 19, 2020
  • Proposed FTC Regs: More Politics, Less Principle

    By: Mindy Herzfeld

    Mindy Herzfeld questions the reasoning behind the recently proposed regulations to overhaul the foreign tax credit.

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    By Mindy Herzfeld, posted on Monday October 19, 2020
  • Amazon’s Direct Sales Not Subject to U.K. Digital Services Tax

    By: William Hoke

    The Tax Justice Network said reports that Amazon isn’t liable for the U.K. digital services tax on goods it sells directly isn’t surprising, and that the larger issue is Amazon’s ability to shift profits abroad. 

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    By William Hoke, posted on Friday October 16, 2020
  • Czech Republic Extends COVID-19 Tax Relief Measures

    By: William Hoke

    The Czech government has extended tax breaks introduced earlier in the year for individuals and businesses affected by the COVID-19 pandemic. 

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    By William Hoke, posted on Thursday October 15, 2020
  • Hungary to Provide Tax Breaks for COVID-19-Affected Sectors

    By: Sarah Paez

    The Hungarian parliament is considering a bill that would provide tax incentives and assistance to businesses and sectors struggling during the coronavirus-induced economic crisis.

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    By Sarah Paez, posted on Thursday October 15, 2020
  • G-20 Ministers Greenlight New Deadline for OECD Global Tax Accord

    By: Stephanie Soong Johnston

    Countries may have fallen short in reaching a global tax reform agreement in 2020, but the G-20 still supports those efforts, even if it means getting a deal over the finish line by mid-2021.

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    By Stephanie Soong Johnston, posted on Thursday October 15, 2020
  • UN Treaty Change Could Fuel Global Digital Tax Discord

    Logo: Bloomberg Law

    By Isabel Gottlieb

    A United Nations committee this week is voting on a new approach to taxing the digital economy that could create another division in the fractured global digital tax debate. The proposed tax treaty change would give countries a framework for deciding how to tax cross-border digital revenues. The plan’s proponents say it will help developing countries that are disadvantaged in larger global discussions about a digital tax overhaul. 

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    By Isabel Gottlieb, posted on Monday October 19, 2020
  • France to Go Ahead With Digital Tax, Risking U.S. Tariffs

    Logo: Bloomberg Law

    By William Horobin

    France will go ahead with plans to collect its contentious digital services tax mid-December, Finance Minister Bruno Le Maire said, keeping Europe on course for a trade battle with the U.S. over the taxation of tech giants like Facebook Inc. and Alphabet Inc.’s Google.

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    By William Horobin, posted on Wednesday October 14, 2020
  • Multinationals Weigh Options to Simplify Minimum Global Tax

    Logo: Bloomberg Law

    By Hamza Ali and Isabel Gottlieb

    Multinationals are hoping that an OECD-led effort to set a global minimum tax rate will spare them from complicated calculations to figure out what they’ll owe. Companies have two months to tell the Organization for Economic Cooperation and Development how to ease compliance burdens they’ll face under part of the plan known as Pillar Two.

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    By Hamza Ali and Isabel Gottlieb, posted on Tuesday October 13, 2020


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