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International Tax News Blog

Archives: November 2020

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  • France demands digital tax payments from US tech groups

    Financial Times

    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.

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    By Aime Williams, Hannah Murphy, and Victor Mallet, posted on Tuesday November 24, 2020
  • Tax Authorities Lag Businesses in COVID-19 Digital Transition

    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.

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    By Sarah Paez, posted on Friday November 20, 2020
  • Selling a Digital Brooklyn Bridge

    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.

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    By Mindy Herzfeld, posted on Monday November 23, 2020
  • A New Administration, New Beneficial Ownership Possibilities

    By: Nana Ama Sarfo

    Nana Ama Sarfo looks at potential beneficial ownership reform under the incoming Biden administration.

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    By Nana Ama Sarfo, posted on Monday November 23, 2020
  • Governments Pin Hopes for Global Digital Tax Deal on Biden

    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.

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    By Stephanie Soong Johnston, posted on Tuesday November 24, 2020
  • G-20 Leaders Reaffirm Commitment to Progress on Global Tax Deal

    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.

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    By Stephanie Soong Johnston, posted on Tuesday November 24, 2020
  • Environmental Tax Measures Can Help Pandemic Recovery, OECD Says

    Logo: Bloomberg Law

    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.

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    By Isabel Gottlieb, posted on Monday November 23, 2020
  • Global Deal to Call for End of Digital Taxes, OECD Says (1)

    Logo: Bloomberg Law

    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. 

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    By Hamza Ali, posted on Monday November 23, 2020
  • Budget Rift With Poland, Hungary Casts Doubt Over New EU Taxes

    Logo: Bloomberg Law

    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.

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    By Stephen Gardner, posted on Friday November 20, 2020
  • U.S. Tariffs Poised to Hit Austria, India, Italy on Digital Tax

    Logo: Bloomberg Law

    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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    By Laura Davison and Jenny Leonard, posted on Thursday November 19, 2020


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