US, Europe discuss digital economy taxation
January 30, 2021US Treasury Secretary, Janet Yellen, has discussed the issue of digital economy taxation with counterparts from France, Germany, and the UK. Yellen spoke to the UK Chancellor of the Exchequer Rishi Sunak on January 27, 2021. During the call, Yellen discussed the need to find multilateral solutions to many of the issues facing the global economy, including addressing the tax challenges of efficiently and equitably taxing the income of multinational firms.
Digital services taxes of Austria, Spain and UK discriminatory: United States
January 16, 2021The United States Trade Representative (USTR) has found that the digital services taxes adopted by Austria, Spain and the UK are discriminatory in nature. The findings were issued in Section 301 investigations of the digital service taxes adopted by these countries.
New Zealand clarifies tax treatment of trusts under tax treaty with Australia
January 11, 2021New Zealand’s Inland Revenue Department on December 18 published an Issues Paper on the tax treatment of trusts under the New Zealand-Australia tax treaty.
US suspends retaliatory tariffs on French digital services tax
January 8, 2021The US Trade Representative on January 7 announced that it has determined to suspend the retaliatory tariff action in the Section 301 investigation of the French digital services tax (DST).
Indian, Italian and Turkish digital service tax discriminatory: US Trade Representative
January 7, 2021The US Trade Representative (USTR) has found that the digital service tax (DST) adopted by India, Italy, and Turkey discriminates against US companies.
Malaysia gazettes transfer pricing measures
January 6, 2021Malaysia gazetted the 2020 Finance Act on 31 December 2020, providing for key transfer pricing measures.
Janet Yellen takes oath as first female US Treasury Secretary
January 27, 2021Janet Yellen has sworn in as the 78th Secretary of the US Department of the Treasury.
OECD updates guidance on COVID-19 pandemic and tax treaties
January 22, 2021The OECD has published an update to its guidance on the impact of the COVID-19 pandemic on tax treaties.
Ireland updates corporate tax roadmap
January 22, 2021Ireland’s Finance Minister, Paschal Donohoe, has published the January 2021 Update to the country’s corporate tax roadmap outlining key international tax reform actions that Ireland will take over the coming years.
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