Tax-News.com: Investment News

Tax-News.com: Investment News

Global tax news, continuously updated through the day.
  1. The Australian Taxation Office has issued a Taxpayer Alert on mischaracterized arrangements and schemes connected with direct foreign investment into Australian businesses.
  2. Irish business association Ibec has called for the establishment of a Commission on Taxation, as part of a package of measures to "reboot" the economy after the coronavirus pandemic.
  3. New Zealand's new 2020 Budget, announced on May 14, highlighted recently enacted tax measures and announced the creation of a new NZD50bn COVID-19 Response and Recovery Fund.
  4. The Irish Revenue has announced the implementation of temporary measures in relation to the close company surcharge regime, in response to the coronavirus pandemic.
  5. On May 4, 2020, a bill was introduced in the United States House of Representatives to limit the impact of the Global Intangible Low Tax Income regime on businesses based in US territories and possessions.
  6. The Swiss Federal Council has launched a consultation on proposals to close what it says is a loophole in the withholding tax system, in a bid to strengthen the country's debt market.
  7. New Zealand has enacted The COVID-19 Response (Taxation and Social Assistance Urgent Measures) Bill to support businesses and individuals cope with the COVID-19 outbreak.
  8. The OECD's public consultation on a review into the new transfer pricing documentation rules proposed as part of BEPS Action 13 has closed. It has published the 79 responses received.
  9. New Zealand's Inland Revenue Department has announced the launch of a consultation on potential reforms to improve the goods and services tax regime.
  10. The Government of Ukraine has announced plans to introduce a special tax regime for certain intellectual property income.