The ITPF News Blog is managed by the students at the University of Florida Levin College of Law International Tax LLM Program.
Archives: November 2020Subscribe
By: Aime Williams, Hannah Murphy, and Victor Mallet
French tax authorities have begun demanding millions of euros from US technology groups as they push ahead with a new digital services tax that has enraged Washington.
By: Sarah Paez
The coronavirus pandemic has sped up the world’s digital transition in business, education, and tax administration, but bureaucratic challenges remain for taxation of digital economic activity, say young tax professionals.
By: Mindy Herzfeld
Mindy Herzfeld likens the solutions for taxing the digital economy offered by international organizations to George C. Parker's famous con involving selling pieces of the Brooklyn Bridge to unknowing tourists.
By: Nana Ama Sarfo
Nana Ama Sarfo looks at potential beneficial ownership reform under the incoming Biden administration.
By: Stephanie Soong Johnston
The Biden administration could help reset negotiations within the OECD framework on a two-pillar international tax reform proposal and provide clarity on what the United States’ negotiating position really is, OECD and government officials said.
By: Stephanie Soong Johnston
Although countries missed their original deadline to reach agreement on a global tax reform, leaders of G-20 countries vowed to stick with the project, urging continued work toward an agreement by mid-2021.
By Isabel Gottlieb
Governments should cut fossil fuel subsidies and implement other measures to diversify their tax bases to raise revenue after the pandemic, the OECD said. “Low oil prices make increasing the cost of emitting carbon and other pollutants via raising carbon taxes, fuel taxes or other mechanisms such as emissions trading and eliminating fossil fuel subsidies especially timely,” the Organization for Economic Cooperation and Development wrote to Group of 20 leaders, in a report published Sunday.
By Hamza Ali
A global OECD tax agreement will most likely include a list of digital tax measures implemented by countries like the U.K. and France that must be removed, a senior official said. The Organization for Economic Cooperation and Development hopes the incoming Biden administration may help unlock talks, Pascal Saint-Amans, director of the OECD’s Center for Tax Policy and Administration, said Monday during an online conference hosted by the University of Oxford. But support will hinge on the removal of unilateral measures to collect digital services taxes, he said.
By Stephen Gardner
A rift between European Union leaders over the bloc’s next budget threatens to derail a decision on budgetary revenues that for the first time would include EU-wide taxes. Agreement on the so-called own resources decision, which sets out how the EU will fund its budget from 2021-2027, has been stalled by the governments of Hungary and Poland, which are unhappy at some of the conditions other countries want to attach to disbursement of EU funds.
By Laura Davison and Jenny Leonard
The U.S. will soon issue the results of probes into Austria, Italy and India’s decisions to tax local revenue of Internet companies such as Facebook Inc., which could pave the way for retaliatory tariffs, people familiar with the situation said. Determinations on the three countries are due because all of them have instituted so-called digital services taxes -- or levies on local sales of companies such as Alphabet Inc.’s Google -- this year, said the people who couldn’t be identified because the information is private. There may also be findings on Indonesia, U.K. and Turkey, one of the people said.
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