United States Tax News

US and Mexico renew competent authority agreement on unilateral APAs for maquiladoras

20 November 2020

U.S. IRS Announce Renewal of Competent Authority Agreement on Maquiladoras

18 November 2020

U.S. IRS and Treasury Issue Corrections to Regulations on Deduction for Foreign-Derived Intangible Income and Global Intangible Low-Taxed Income

17 November 2020

UK proposes to amend hybrid and other mismatches regime – implications for US multinationals

17 November 2020

U.S. IRS and Treasury Issue Final and Temporary Regulations and Proposed Regulations on Foreign Tax Credits

16 November 2020

The EU Puts Countermeasures in Place Against U.S. Exports

11 November 2020

U.S. IRS Releases Guidance Regarding Deductibility of Payments by Partnerships and S Corporations for State and Local Income Taxes

11 November 2020

U.S. IRS and Treasury Consulting on Forms Used by Business Entity Taxpayers

10 November 2020

Tax Treaty between Croatia and the U.S. Under Negotiation

10 November 2020

U.S. IRS and Treasury Issue Final and Temporary Regulations on Gain or Loss of Foreign Persons from Sale or Exchange of Partnerships

9 November 2020

US: Proposed regulations would revamp creditability rules for foreign income taxes

9 November 2020

Joint Statement between the U.S. and France Published on the Spontaneous Exchange of CbC Reports for 2019

5 November 2020

U.S. Signs CbC Exchange Agreement with Germany

4 November 2020

U.S. IRS and Treasury Issue Corrections to Regulations on Deduction for Foreign-Derived Intangible Income and Global Intangible Low-Taxed Income

4 November 2020

Digital Companies Continue to Pass on Cost of Taxes on Digital Services to Consumers

30 October 2020

US IRS announces plans to limit the use of “telescoping” in APA and MAP cases

30 October 2020

U.S. IRS and Treasury Final Regulations on Consolidated Net Operating Losses Published

29 October 2020

U.S. IRS and Treasury Issue Corrections to Regulations on Deduction for Foreign-Derived Intangible Income and Global Intangible Low-Taxed Income

29 October 2020

U.S. IRS Provides Tax Inflation Adjustments for Tax Year 2021

28 October 2020

European Commission Announces Green Light for EU to Impose Duties on U.S. Imports

28 October 2020

US IRS concludes anti-abuse rule under Section 704(c) triggered in asset contribution to foreign partnership

27 October 2020

US: Final regulations under Section 1446(f) set forth rules on withholding on transfers of partnership interests

27 October 2020

U.S. IRS Issues Announcement on Termination of Shipping Agreement with Hong Kong

21 October 2020

Spanish Supreme Court confirms case law on limits to dynamic interpretation of tax treaties

21 October 2020

U.S. IRS Issues Revenue Procedure on Transition from LIBOR and IBOR to Alternative Reference Rates

20 October 2020

US: Additional final regulations provide foreign tax credit guidance

20 October 2020

US IRS confirms that some modifications to debt instruments and other contracts to reflect LIBOR discontinuation will not result in a deemed taxable exchange

20 October 2020

US: Calendar year 2019 FBARs extended to 31 October

20 October 2020

U.S. Signs CbC Exchange Arrangement with Singapore

16 October 2020

Statement by US government official suggests proposed foreign tax credit regulations would not affect the credit claimed by US related parties for excise tax paid to Puerto Rico under Act 154

16 October 2020