United States
Partially finalized regulations on business interest expense deductions provide helpful clarifications for multinational businesses.
UK government provides relief from DAC6, reducing the scope of reporting for UK intermediaries with cross-border transactions.
German tax may apply to payments for the licensing or sale of German registered IP, even if neither party resides in Germany.
IRS finalizes regulations coordinating the section 245A extraordinary disposition rule with the section 951A disqualified basis rule.
The IRS moved away from a decades old agreement and emerged victorious in the $3.3 billion tax dispute with the beverage company.
Cayman Islands just launched its new DITC portal and extended the due date for filing FATCA and CRS reports to Dec. 16, 2020.
IRS Announcement 2020-12 clarifies that lenders need not issue form 1099-C reporting PPP loans eligible for forgiveness under the CARES Act.
Final section 864(c)(8) regulations clarify rules for foreign partners with ECI from transfers of partnership interests.
Final FTC regulations provide clarity while Treasury takes a stance against permitting a credit for digital taxes in new proposed rules.
Updated IRS materials suggest a renewed and heightened focus on the reporting of virtual currency transactions by taxpayers.
On Sept. 1, 2020, the Treasury released final regulations on the section 59A base erosion and anti-abuse tax (BEAT).
The U.S. State Department informed Hong Kong authorities that the shipping agreement between the countries has been suspended or terminated.
IRS releases final and proposed regulations on the deduction for dividends from foreign corporations and related reporting rules.
Final regulations generally taxpayer-favorable versus 2018 proposal, additional proposed regulations give guidance on pass-throughs, others.
Final and proposed regulations related to the GILTI high tax exclusion and subpart F high tax exception released.
Treasury and the IRS have issued final regulations on determining the amount of the deduction for FDII and GILTI.
OIRA has begun reviewing the FDII and GILTI deduction regulations and the final regulations are expected to be released soon.
IRS FAQs outline procedures for alien individuals in U.S. to claim the medical condition exception to avoid U.S. resident status.
Treasury released guidance indicating that references to NAFTA can be interpreted as USMCA for purposes of U.S. tax treaties.
In response to the COVID-19 crisis, the European Commission has formally proposed the deferral of certain deadlines under DAC6.