Ireland Finance Bill 2018 to Include International Tax Measures

Ireland Finance Bill 2018 to Include International Tax Measures

Ireland would introduce key international tax measures in Finance Bill 2018 to comply with the EU Anti-Tax Avoidance Directive, Finance Minister Paschal Donohoe said in his 2019 Budget Statement released on October 9. The Finance Bill 2018 is due to be published on October 18.Continue Reading

New Zealand Reveals Details of New R&D Tax Incentive

New Zealand Reveals Details of New R&D Tax Incentive

New Zealand Government has revealed details about the new research and development (R&D) tax incentive aimed at encouraging businesses to invest more in R&D activities.

The rate for the tax incentive will be set at 15 percent for income years starting 2019-20. All businesses, regardless of legal structure, will be eligible to claim the tax incentive.Continue Reading

Cameco Wins Transfer Pricing Tax Dispute

Cameco Wins Transfer Pricing Tax Dispute

The Tax Court of Canada has ruled in favour of leading uranium miner Cameco in a CAD2.2bn transfer pricing dispute with the Canada Revenue Agency (CRA).

Cameco had disputed reassessments issued by CRA for the 2003, 2005, and 2006 tax years.Continue Reading

BEPS Convention to Enter into Force in Japan from January 2019

BEPS Convention to Enter into Force in Japan from January 2019

Japan on September 26 deposited to the OECD the instrument of acceptance of the Multilateral Convention to implement tax treaty-related measures to prevent base erosion and profit shifting.
 
The BEPS Convention will enter into force for Japan on January 1, 2019.Continue Reading

EU Commission to Drop Infringement Proceedings in Ireland-Apple State Aid Decision

EU Commission to Drop Infringement Proceedings in Ireland-Apple State Aid Decision

The EU Commission is now to withdraw infringement proceedings against Ireland as the Government has now completed full recovery of the alleged State aid from Apple.Continue Reading

No Sweet Tax Deal between Luxembourg, McDonald’s: EU Commission

No Sweet Tax Deal between Luxembourg, McDonald’s: EU Commission

The EU Commission on September 19 decided that Luxembourg’s tax treatment of McDonald’s Europe Franchising does not violate the Luxembourg-US tax treaty and that tax rulings granted to McDonald’s do not infringe EU State aid rules.

The decision follows an in-depth investigation launched in December 2015, based on doubts that Luxembourg might have misapplied its tax treaty with the US.Continue Reading

Ireland to Expand Transfer Pricing Rules by 2020, Introduce CFC Law

Ireland to Expand Transfer Pricing Rules by 2020, Introduce CFC Law

Ireland’s Finance Minister Paschal Donohoe has published the country’s Corporation Tax Roadmap outlining the steps that the Government will take in the area of international tax law over the next few years.Continue Reading