International Tax News Blog

Archives: November 2020

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  • Tax Carbon and Leave The Rest to the Markets

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    By Adam Reed

    Regarding “Car Makers Keen on Electric Push” (Business News, Nov. 10): It is true that we can do better than our current patchwork of state and federal auto regulations. Yet no matter how many electric vehicles we put on the road, more is needed to reduce our carbon emissions. We need to incentivize a gradual transition to clean-energy sources throughout our entire economy.

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    By Adam Reed, posted on Monday November 16, 2020
  • Turnover Taxes Under Treaties Are Valid, U.N. Tax Head Says

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    By Isabel Gottlieb

    Agreements between countries on taxes targeting revenue, rather than profits, are acceptable under international law, the top United Nations tax official said Monday. “Bilateral negotiations can take time but they also have a more immediate signaling function on treaty possibilities and on domestic law legitimacy,” said Michael Lennard, chief of international tax cooperation in the U.N. Financing for Development Office.

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    By Isabel Gottlieb, posted on Monday November 16, 2020
  • Digital Tax Talks Deadline Puts Pressure on Biden Treasury (1)

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    By Isabel Gottlieb

    President-elect Joe Biden’s Treasury Department is facing a narrow window if it wants to put its stamp on an OECD-led effort to overhaul global tax rules in 2021. The OECD wants to get nearly 140 countries to agree to a plan by next summer—which won’t leave much time for Treasury staffers to take on their new roles after Biden takes office Jan. 20, firm up the U.S.'s negotiating position going forward, and engage in the talks.

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    By Isabel Gottlieb, posted on Friday November 13, 2020
  • Biden Will Need to Talk Tech and Tax to Fix Ties With Europe

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    By Marc Champion

    From NATO to climate change, the relationship between the U.S. and Europe is in dire need of a reboot after four years of President Donald Trump’s abrasive “America First” policies. Technology—covering 5G networks, digital taxation, privacy rules, cross border data flows and more—may not be the most obvious place to start fixing a transatlantic security alliance formed before the dawn of the Internet. But as Joe Biden heads to the White House, it’s arguably the most urgent, if difficult.

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    By Marc Champion, posted on Thursday November 12, 2020
  • You Should Pay Tax for Working From Home, Deutsche Bank Says (1)

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    By Ksenia Galouchko

    Choosing to earn a living from home once the pandemic ends is a privilege that you should pay for, according to strategists from Deutsche Bank AG’s research arm. “Working from home will be part of the ‘new normal’ well after the pandemic has passed,” the strategists led by Luke Templeman wrote in a note. “We argue that remote workers should pay a tax for the privilege.”

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    By Ksenia Galouchko, posted on Wednesday November 11, 2020
  • Private Equity Seeks Treasury Help to Avoid Offshore Tax Hit

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    By Siri Bulusu

    Private equity funds are asking Treasury to help them avoid a tax hit on offshore income. Treasury is working on finalizing rules that would allow companies already paying at least 18.9% in taxes offshore to opt out of taxes on two types of offshore income—global intangible low-taxed income (GILTI) and Subpart F income.

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    By Siri Bulusu, posted on Monday November 16, 2020
  • Biden’s Tax Agenda Faces Blockade if GOP Holds Senate

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    By Richard Rubin

    President-elect’s tax plans likely hinge on whether Democrats can win two January runoffs in Georgia.

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    By Adam Reed, posted on Monday November 16, 2020
  • Insights on Trends in U.S. Cross-Border M&A Transactions After the Tax Cuts and Jobs Act

    By: Andrew B. Lyon

    In this article, the author examines the 2018-2019 increase in cross-border mergers and acquisitions, saying that while a range of factors likely affects the volume of outbound and inbound M&A in any year, the data support the notion that the 2017 tax reform legislation improved the attractiveness of the United States as the tax domicile for multinational enterprises.

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    By Andrew B. Lyon, posted on Wednesday November 11, 2020
  • EU Hopes to Repair Bilateral Relationship With U.S.

    By: Sarah Paez

    A new U.S. administration could ease tensions with Europe and pave the way for consensus on global digital taxation and a better EU-U.S. trade relationship, European Commission President Ursula von der Leyen said.

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    By Sarah Paez, posted on Wednesday November 11, 2020
  • Biden’s International Tax Proposals Missing Many Puzzle Pieces

    By: Andrew Velarde

    With Joe Biden’s election, his campaign’s international tax proposals are getting more attention from the tax community. While the proposals have led to some eye-popping revenue estimates, many questions remain regarding details and implementation.

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    By Andrew Velarde, posted on Wednesday November 11, 2020


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