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US Tax Cuts and Jobs Act: Global Intangible Low-Taxed Income

December 31, 2017

The US Tax Cuts and Jobs Act has introduced various new provisions to counter base erosion and profit shifting by...

Italy: Tax authority extends the due date for filing the CbC report

December 31, 2017

On December 11, the tax authority issued a Measure n. 288555 extending the due date for filing the CbC report...

US Tax Cuts and Jobs Act: Income Shifting by Intangible Property Transfers

December 31, 2017

A U.S. person transferring intangible property to a foreign corporation in a transaction that would otherwise qualify for non-recognition treatment...

US Tax Cuts and Jobs Act: Hybrid Transactions and Hybrid Entities

December 31, 2017

A group could set up an entity that is treated as fiscally transparent for U.S. federal tax purposes but is...

US Tax Cuts and Jobs Act: Base Erosion Minimum Tax

December 31, 2017

The Tax Cuts and Jobs Act provides for a participation exemption in the form of a 100% deduction for the...

Argentina: Comprehensive tax reform enacts

December 31, 2017

The Law No. 27430 or comprehensive tax reform was published on December 29, 2017 in the Official Gazette and it...

Poland: President signs the law regarding R&D incentives

December 31, 2017

The President has signed the Law of 9 November 2017 regarding important amendments to the tax relief regime for research...

UK: Making Tax Digital – survey of small businesses and landlords

December 30, 2017

On 11 December 2017 HMRC published a survey of the attitudes of small businesses and landlords towards the requirements of...

UK: Statistics on venture capital trusts

December 30, 2017

On 14 December 2017 the UK published statistics relating to venture capital trusts (VCTs) for tax years up to 2015/16....

Gulf Cooperation Council: Saudi Arabia and UAE to implement VAT

December 29, 2017

Saudi Arabia and the United Arab Emirates (UAE) are to introduce value added tax (VAT) from 1 January 2018 at...

IMF publishes report on the economic situation of Belgium

December 29, 2017

On 18 December 2017 the International Monetary Fund (IMF) published a report on Belgium following discussions under article IV of...

Qatar: DTA with Spain will enter into force on February 6, 2018

December 28, 2017

The Double Taxation Agreement will be entered into force on February 6, 2018, between Qatar and Spain for the avoidance...

IMF report comments on the economic position of Nigeria

December 23, 2017

On 22 December 2017 the International Monetary Fund (IMF) issued a report on Nigeria following consultations under Article IV of...

UK: Draft VAT Notice and Legislation on Making Tax Digital

December 23, 2017

On 18 December 2017 HMRC published draft VAT regulations, a draft explanatory memorandum and draft VAT Notice, for consultation. The...

IMF report looks at the UK economy

December 22, 2017

On 20 December 2017 the International Monetary Fund (IMF) published on its website a report following consultations with the UK...

World Bank: Project to improve tax collection in Latvia

December 22, 2017

A press release of 18 December 2017 announced that the World Bank is to assist Latvia’s tax administration to increase...

Netherlands: MoF publishes an overview of tax changes for 2018

December 21, 2017

The Ministry of Finance (MoF) provides an overview of the most important tax changes as of January 1, 2018, which were...

Greece: Capital gains tax on immovable property suspends for another year

December 21, 2017

The government on December 20, 2017, announced that it was adding an amendment to a tabled draft justice ministry bill...