Wed, 15 Sep 2021 00:00:00 GMT EU To Table A Digital Tax Proposal In October
The European Commission has committed to tabling a proposal for a digital tax in October, whether or not an international agreement surfaces from OECD-led talks on new international tax rules for the world's largest firms.

Wed, 25 Aug 2021 00:00:00 GMT Hong Kong Discusses US Termination Of Shipping Tax Pact
The Hong Kong Government has said it is looking at potential measures to support the shipping industry following the decision by the US Government to terminate the two territories' agreement that exempted shipping industry income from tax.

Wed, 25 Aug 2021 00:00:00 GMT US Lawmakers Approve New Cryptoassets Reporting Rules
The US Senate has approved the inclusion of new provisions in the bipartisan infrastructure bill to require intermediaries involved in cryptocurrency trading to report details about transactions.

Fri, 6 Aug 2021 00:00:00 GMT Wyden Takes Aim At US Pass-Through Income Tax Break
Senate Finance Committee Chair Ron Wyden (D-OR) has introduced legislation to overhaul the 20 percent deduction for pass-through income introduced into US tax law in 2017.

Wed, 9 Jun 2021 00:00:00 GMT US IRS Flags Deadline For Q2 Estimated Tax Payments
The US Internal Revenue Service has issued a reminder to taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without incurring a penalty.

Wed, 12 May 2021 00:00:00 GMT Countries Discuss Post-Pandemic Tax Agenda At UN Council Meeting
Experts speaking at the UN's Economic and Social Council's annual Special Meeting on International Cooperation in Tax Matters concluded that the international community must do more to tackle tax base erosion and profit shifting and offshore tax evas...

Thu, 15 Apr 2021 00:00:00 GMT US IRS Reminds Of FBAR Filing Obligation
The Internal Revenue Service is reminding US citizens, resident aliens, and any domestic legal entity that the deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is still April 15, 2021.

Mon, 22 Feb 2021 00:00:00 GMT US Tax Season Begins
The Internal Revenue Service launched tax season for individuals on February 15, 2021, highlighting the various supports available for taxpayers when preparing their returns.

Thu, 10 Dec 2020 00:00:00 GMT Digital VAT Regimes Vital To Buoy Countries' Tax Takes: Report
The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce.

Tue, 17 Nov 2020 00:00:00 GMT BVI Rules Out New Taxes In 2021 Budget
The Government of the British Virgin Islands has announced that it will seek to boost tax collections by modernizing tax administration, not by imposing new taxes.

Tue, 17 Nov 2020 00:00:00 GMT Cayman Tables Law For Digital Asset Business Regime
The Government of the Cayman Islands has published legislation in its Official Gazette to introduce a regulatory regime for virtual asset service providers (VASPs).

Tue, 20 Oct 2020 00:00:00 GMT France To Collect Its Digital Services Tax This Year
French Minister of Finance Bruno Le Maire has reportedly said that France intends to collect the country's digital services tax in December 2020.

Tue, 20 Oct 2020 00:00:00 GMT OECD Indicates New Focus On Virtual Currency Tax Issues
The OECD has released a new report on countries' tax rules for virtual currencies, alongside an announcement that the Common Reporting Standard will be expanded next year to newly cover virtual currency assets.

Tue, 22 Sep 2020 00:00:00 GMT Cyprus, US To Begin Exchanging CbC Reports
Cyprus has announced that a deal for the exchange of country-by-country reports between the territory and the US is expected to become effective and cover reporting years starting on or after January 1, 2020.

Mon, 31 Aug 2020 00:00:00 GMT German FM Scholz Optimistic About 2020 Digital Tax Consensus
German Finance Minister Olaf Scholz is optimistic that an international agreement on taxing the digital economy will be reached this year.

Mon, 31 Aug 2020 00:00:00 GMT UK Treasury Rules Out Digital Tax Repeal
The UK Government has dismissed speculation that it will repeal its digital services tax in a bid to secure a post-Brexit free trade agreement with the United States.

Mon, 31 Aug 2020 00:00:00 GMT US-Swiss Agreement Published On Mandatory Binding Arbitration
The US Internal Revenue Service (IRS) has released the text of an arbitration agreement between the US and Switzerland, in Internal Revenue Bulletin 2020-35, published August 24.

Fri, 31 Jul 2020 00:00:00 GMT OECD Releases New Action 14 Peer Review Reports
The OECD has released peer review reports reviewing nine territories' progress towards implementing the BEPS Action 14 standard, on improving tax dispute resolution.

Fri, 24 Jul 2020 00:00:00 GMT US Businesses Urge Against Starting A Digital Tax 'Trade War'
The United States Council for International Business has called on US authorities to focus its efforts on working with other countries to arrive at an international tax solution to the digitalized economy, rather than tackling countries' unilateral r...

Fri, 17 Jul 2020 00:00:00 GMT J5 Group Marks Two Years Of Collaboration On Tackling Fiscal Crime
On July 13, 2020, the US Internal Revenue Service (IRS) issued a progress report on the last two years' work of the J5 group of five advanced countries, who are working collaboratively to tackle cross-border tax fraud.