/tax-authority/international?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Tax Authority International Copyright 2025 ÃÛÌÒÊÓƵ. en-US Tue, 20 May 2025 19:14:02 +0000 /tax-authority/international/articles/2342642?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2342642 Senate Finance Committee Democrats deemed former Rep. Billy Long unfit to lead the IRS during his confirmation hearing Wednesday, citing ethical concerns over his promotion of pandemic-era employee retention claims, and of tribal tax credits they called dubious, while working as a business consultant after leaving Congress. Tue, 20 May 2025 18:19:36 +0000 /tax-authority/international/articles/2342656?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2342656 A task force created by many of the world's largest intergovernmental organizations laid out what it said are the six most important principles for establishing tax incentives in order for countries to achieve the desired social gains while minimizing negative outcomes. Tue, 20 May 2025 17:59:33 +0000 /tax-authority/international/articles/2342645?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2342645 Input-based tax incentives such as tax credits and large deductions are more effective at encouraging research and development spending compared with output-based incentives, according to a study by the European Parliament. Tue, 20 May 2025 17:57:08 +0000 /tax-authority/international/articles/2342913?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2342913 The National Association of Manufacturers asked the IRS to withdraw a revenue ruling that invokes the economic substance doctrine to disregard certain intercompany transactions, arguing in a letter published Tuesday that it exceeds the agency's authority. Tue, 20 May 2025 17:34:01 +0000 /tax-authority/international/articles/2342905?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2342905 The U.S. Department of the Treasury should reject the White House's plans to scrutinize the U.S.-China tax treaty, the American Chemistry Council said, telling the department that the industry group's members will face double taxation without the accord. Tue, 20 May 2025 17:06:55 +0000 /tax-authority/international/articles/2342769?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2342769 The United Arab Emirates is extending a corporate tax exemption to foreign entities doing business in the country that are wholly owned by certain tax-exempt groups, aligning their tax treatment with that of similarly owned entities incorporated in the UAE, the country said Tuesday. Tue, 20 May 2025 17:04:49 +0000 /tax-authority/international/articles/2342701?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2342701 Russia formally initiated a dispute at the World Trade Organization over the European Union's carbon border adjustment mechanism, suggesting that the emissions pricing system violates multilateral trade agreements, according to documents released by the organization. Tue, 20 May 2025 16:54:22 +0000 /tax-authority/international/articles/2342781?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2342781 Romania's tax authority investigated 29 value-added tax fraud cases over the past year, uncovering 225 million Romanian lei ($50 million) in damages, it said Tuesday. Tue, 20 May 2025 15:28:12 +0000 /tax-authority/international/articles/2342818?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2342818 A Finnish packaging maker appealed to the European Union's top court to gain access to documents from a state aid investigation into the company's Luxembourg tax arrangements, according to a lower court report released Tuesday. Mon, 19 May 2025 18:48:55 +0000 /tax-authority/international/articles/2342307?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2342307 The U.S. Tax Court decided Monday for the first time that its review of a challenge to an IRS certification of tax debt as "seriously delinquent" is not limited to the agency's administrative record, saying a trial is needed in a man's case to determine the facts. Mon, 19 May 2025 18:34:35 +0000 /tax-authority/international/articles/2342088?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2342088 A group of unions and advocacy organizations trying to block the White House's Department of Government Efficiency from accessing confidential taxpayer data told a D.C. federal court they fear the data is already being shared with federal agencies beyond the IRS. Mon, 19 May 2025 18:16:16 +0000 /tax-authority/international/articles/2342151?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2342151 Sweden's government on Monday proposed to lower its corporate tax rate by 0.6 of a percentage point, to 20%, in response to uncertainty caused by higher tariffs, part of a broader package of tax proposals issued ahead of the country's 2026 autumn budget. Mon, 19 May 2025 17:58:24 +0000 /tax-authority/international/articles/2341867?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2341867 The former owner of a Chinese takeout restaurant in the U.K. received a one-year prison sentence, which was suspended, for fraudulently disposing property after filing for bankruptcy instead of paying his bill of over £43,000 ($57,000) in value-added tax, the U.K.'s Insolvency Service announced Monday. Mon, 19 May 2025 17:55:01 +0000 /tax-authority/international/articles/2342069?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2342069 Foreign firms and individuals from countries with "unfair" fiscal policies such as digital services taxes, diverted profits taxes and the global minimum tax's backstop would pay higher U.S. taxes under the spending bill approved by the House Budget Committee. Mon, 19 May 2025 16:56:14 +0000 /tax-authority/international/articles/2341992?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2341992 A foreign exchange firm that won dismissal of a U.S. Commodity Futures Exchange Commission case after a New Jersey federal judge sanctioned the agency for bad faith behavior now says the CFTC should have to pay nearly $3 million for failing to own up to its mistake sooner. Mon, 19 May 2025 16:03:54 +0000 /tax-authority/international/articles/2342043?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2342043 Australia is looking for ideas on how to improve its corporate tax regime in hope of reversing a dip in investments into factories, machines and equipment through changes that could encourage foreign investment, an agency said Monday. Mon, 19 May 2025 12:52:12 +0000 /tax-authority/international/articles/2341408?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2341408 Britain's Labour government is set to legislate tax rules for private companies to use a new stock market mechanism as part of its next finance bill, according to a policy update from HM Revenue & Customs. Fri, 16 May 2025 18:33:05 +0000 /tax-authority/international/articles/2341412?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2341412 European Union-wide taxes on unhealthy products, in particular sugary drinks, could help both promote public health and generate revenue, but the bloc would need to consider a number of complicating factors, said a study released Friday. Fri, 16 May 2025 18:12:55 +0000 /tax-authority/international/articles/2341312?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2341312 Those needing to submit withholding tax forms for royalties paid to or for the benefit of a foreign person from a source within South Africa can now do so online, the country's revenue agency said. Fri, 16 May 2025 18:12:07 +0000 /tax-authority/international/articles/2341381?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/international/articles/2341381 The House Ways and Means Committee's tax bill includes retaliatory measures against certain foreign taxes because lawmakers were dissatisfied with international administrative guidance they thought undermined their tax sovereignty, a U.S. Treasury Department official said Friday.