Tax-News.com: EU To Table A Digital Tax Proposal In October
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2y ago
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 ..read more
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Tax-News.com: US Lawmakers Approve New Cryptoassets Reporting Rules
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2y ago
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 ..read more
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Tax-News.com: Hong Kong Discusses US Termination Of Shipping Tax Pact
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2y ago
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 ..read more
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Tax-News.com: Wyden Takes Aim At US Pass-Through Income Tax Break
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2y ago
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 ..read more
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Tax-News.com: US IRS Flags Deadline For Q2 Estimated Tax Payments
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3y ago
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 ..read more
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Tax-News.com: Countries Discuss Post-Pandemic Tax Agenda At UN Council Meeting
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3y ago
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 evasion ..read more
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Tax-News.com: US IRS Reminds Of FBAR Filing Obligation
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3y ago
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 ..read more
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Tax-News.com: US Tax Season Begins
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3y ago
The Internal Revenue Service launched tax season for individuals on February 15, 2021, highlighting the various supports available for taxpayers when preparing their returns ..read more
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Tax-News.com: Digital VAT Regimes Vital To Buoy Countries' Tax Takes: Report
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3y ago
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 ..read more
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Tax-News.com: Cayman Tables Law For Digital Asset Business Regime
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3y ago
The Government of the Cayman Islands has published legislation in its Official Gazette to introduce a regulatory regime for virtual asset service providers (VASPs ..read more
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