Mexico-US: FATCA agreement entered into force
The FATCA (Foreign Account Tax Compliance Act) agreement between the Ministry of Finance and Public Credit of Mexico and the Department of the Treasury of the United States was signed on 9 April 2014 in order to developed International Tax
See MoreCanada-US FATCA constitutional challenge
A constitutional challenge has brought against the Canadian government over its Foreign Account Tax Compliance Act (FATCA) agreement with the US on August 11, 2014. It alleges that the Canadian government has crossed its power of constitution. The
See MoreFATCA agreement between US and Sweden signed
Sweden and the United States signed a Foreign Account Tax Compliance Act (FATCA) Agreement, on August 08, 2014. Under the agreement, Foreign Financial Institutions (FFIs) in Sweden will report the information required under FATCA about U.S. accounts
See MoreUnited States: ADD/CVD Roundup for July 2014
Following table shows the Federal Register notices related to ADD/CVD cases for July 2014 in United States. Country Product Investigations Case Number Links Brazil Polyethylene Terephthalate Film, Sheet, and Strip Five-Year
See MoreFATCA between Germany and USA has come into force
It was announced by the German Ministry of Finance that a law enabling the implementation of the United States' Foreign Account Tax Compliance Act (FATCA) has come into force on July 23, 2014. The agreement is a type 1A Inter-Governmental agreement
See MoreUS: No Need to Price Oil Rig Transaction Says IRS
In order to use an oil rig, the drilling service provider does not require the kind of special measure for evaluating rents to its sister subsidiary, contemplated by an international project to combat base erosion, an Internal Revenue Service
See MoreFATCA agreement between US and Czech Republic signed
United States and the Czech Republic signed a Foreign Account Tax Compliance Act (FATCA) Agreement, on 4 August 2014. Under the agreement, Foreign Financial Institutions (FFIs) in Czech Republic will report the information required under FATCA about
See MoreFATCA between US and Isle of Man enter into force
Isle of Man and the United States Foreign Account Tax Compliance Act (FATCA) Agreement entered into force on 30 June 2014 and consequently takes effect for the Isle of Man from 1 July 2014. Under the agreement, Foreign Financial Institutions (FFIs)
See MorePGA Highlights: July 2014
In United States, The following events have been taken place under the several PGA during the month of July 2014. Agencies Summary Link Federal Register Importing Fresh Blueberries from Morocco: This final rule has given by APHIS. This action
See MoreUS and Gibraltar exchange of information agreement entered into force
The amending protocol between United States and Gibraltar, signed on 8 May 2014, entered into force on 29 June 2014. The protocol generally applies from 29 June 2014. Under this agreement, the parties shall provide assistance through exchange of
See MoreNew Zealand-United States: FATCA agreement enters into force
Foreign Account Tax Compliance Act (FATCA) between New Zealand and United States has entered into force on 3 July
See MoreUS: Four Charitable Tax Breaks for 2014
“America Gives More Act of 2014” has been passed in the House on July 17, by the vote of 277-130. Two old charitable giving tax breaks that have expired and two new ones have passed the House, leaving charities delighted. Among the Four
See MoreUS imposes tariffs on Grain-Oriented Electrical Steel From Germany, Japan, and Poland
The International Trade Administration (ITA) of the US Department of Commerce (DOC) has issued its affirmative final determinations on July 17, in the antidumping duty (AD) investigations of imports of grain-oriented electrical steel (GOES) from
See MoreUS: IRS Issues Final Rules On Truncated TINs
As part of efforts to reduce the risk of identity theft and tax refund fraud, the IRS released final regulations that allow the use of truncated taxpayer identification numbers (TTINs) on payee statements and certain other documents where not
See MoreUS: House Passes Permanent Ban On Internet Access Taxes
The House Tuesday passed a bill that would make permanent the ban on taxing Internet access. The U.S. House of Representatives has voted to this bill that Congress has temporarily extended three times over the past 16 years. The bill not only ban
See MoreUS: Government tends to curb on Offshore Deals
The Obama administration called for immediate congressional action to stop U.S. companies from using cross-border mergers to avoid the country’s tax system. A growing number of U.S. companies are looking to escape their federal tax bills by
See MoreCanada:The Court of Appeal’s decision regarding penalties in transfer pricing case
The decision regarding the case of The Minister of National Revenue v. Sifto Canada Corp has given by the Federal Court of Appeal on May 28, 2014. The tax authorities were appealing a decision of the Federal Court, upholding a decision of
See MoreIRS Need To Modernize Process of Filing Amended Tax Returns
The Internal Revenue Service is being urged to modernize the process of filing amended tax returns to allow for corrections to original tax return filings and expand e-filing to include amended tax returns, according to a new report publicly
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