The ITPF News Blog is managed by the students at the University of Florida Levin College of Law International Tax LLM Program.
Archives: January 2021Subscribe
By: FT reporters
Joe Biden’s inauguration as president marks a crucial moment in international diplomacy: his predecessor’s aggressive stance towards multilateral organisations and “America first” policies left many global debates in limbo. Expectations among economists and policymakers around the world are running high that a reset in US attitudes towards international co-operation on trade, taxation, aid and the environment will soon emerge.
By: Stephanie Soong Johnston
Finance ministers and others welcomed Janet Yellen’s confirmation as Treasury secretary, with some expressing renewed hope for an agreement on global tax reform proposals through the OECD framework by the summer.
By: Sarah Paez
The EU wants to address deficiencies in its tax haven blacklist and tax digital giants, but it must wait for the outcome of OECD negotiations on global tax reform, a European Commission official said.
By: Annagabriella Colon
The European Commission has opened a public consultation seeking input on a proposed EU digital tax that would work in tandem with the OECD initiative to reform international corporate taxation.
By: William Hoke
Amazon has advised businesses using its platform to sell products in Spain that it will pass along the cost of the country’s recently implemented 3 percent digital services tax.
By: Stephanie Soong Johnston and Ryan Finley
One way to simplify the OECD’s overly complex global minimum tax plan and lighten administrative burdens is for tax administrations to identify low-risk jurisdictions with appropriate tax bases and rates, businesses and tax advisers said.
By: Emily L. Foster
How the rules that limit the ability to use tax attributes following a loss corporation’s ownership change apply to controlled foreign corporations is fraught with unanswered questions and in need of quick guidance.
Before the Tax Cuts and Jobs Act, applying section 382 rules to CFCs wasn’t really on practitioners’ radar, Sara B. Zablotney of Kirkland & Ellis LLP said January 19 during a New York State Bar Association Tax Section virtual meeting.
By Roger J. Cochetti
The subject of taxing the internet — and everything that goes on over the internet — has been a hot issue virtually since the “network of networks” morphed from the NSF Net to the internet in the 1990’s.
By Dirk Broekhuijsen and Henk Vording
In this article, authors discuss what may be expected of a theory of international tax justice. After looking at the most important distributive as well as procedural theories of tax justice, authors conclude that none of the existing theories can provide a coherent account of international tax justice. They therefore propose an alternative, more pragmatic approach drawing on Amartya Sen. Even if they do not agree on any particular notion of tax justice, it is still obvious that developing countries’ interests will be served by much simpler rules of international tax law.
By: Aime Williams
The US has said that digital taxes in Spain, Austria and the UK are discriminating against American tech companies, paving the way for tariffs and setting the scene for transatlantic trade conflict as the Biden administration takes power.
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