U.S. Tax News
The IRS has extended disaster tax relief to the entire state of Georgia as part of its coordinated federal response to the damage caused by severe storms and flooding.
The World Bank has released French and Spanish translations of its Toolkit on the taxation of offshore indirect transfers and extended the deadline for feedback to October 20.
Finance Minister Paschal Donohoe has said that Ireland's personal tax system "is not economically efficient and is not sustainable."
So-called tax inversions could cost the US Government up to USD12bn in lost corporate tax revenues by 2027, a new report from the Congressional Budget Office says.
The IRS must take further action to reduce the risk of employment tax fraud for US businesses that use third-party payers, according to a new report from Treasury General for Tax Administration (TIGTA).
On September 13, the US Ways and Means Oversight Subcommittee launched a hearing on improving the resolution process for taxpayer disputes and appeals with the Internal Revenue Service.
US President Donald Trump has reached out to Democrat lawmakers to discuss tax reform, in a bid to obtain bipartisan support to get a package through Congress.
A delegation from the European Parliament's PANA Committee will travel to Switzerland to discuss the efforts being taken to combat money laundering, terrorist financing, and tax offences.
The Republic of Kazakhstan has signed a Model 1 FATCA Intergovernmental Agreement (IGA) with the US, enabling the exchange of information on the foreign financial accounts of US residents.
The Swedish Government has said that tax measures will be included in the forthcoming Budget to ease the tax burden on start-up enterprises and encourage entrepreneurship.
Canada, Mexico, and the US have concluded the second round of talks on the renegotiation of NAFTA, during which they made progress on consolidating certain proposals into a single text.
The National Taxpayers Union has called on US lawmakers to support legislation to protect small businesses from "abusive" actions by the Internal Revenue Service.
The EU has said that it disagrees with the decision made by the WTO's Appellate Body to reverse a previous panel ruling that a tax break provided by Washington State to Boeing is a prohibited subsidy.
In response to shortages of undyed diesel fuel caused by Hurricane Harvey, the Internal Revenue Service will not impose a penalty when dyed diesel fuel is sold for use or used on the highway. The expanded waiver area now covers the entire state of Texas.
The Canadian Government has announced the creation of a new council that will provide advice on the environment during the NAFTA re-negotiation talks.
The Internal Revenue Service has extended tax compliance concessions to victims of Hurricane Harvey.
The US Department of Commerce has delayed the final determinations in its antidumping duty and countervailing duty investigations of imports of Canadian softwood lumber, in the hope that a negotiated settlement can be reached.
The United States is expected to announce anti-dumping duties on certain pipe fittings from China in December.
Enterprise Ireland has said that 45 percent of its affiliated construction firms have reduced their exposure to the UK since last year's Brexit vote.
The US Department of Commerce has announced that duties will be imposed retroactively on biodiesel imports from Argentina and Indonesia.
South Korea and the United States have failed to reach agreement on the way forward with regard to their existing free trade deal, which US President Donald Trump has criticized and vowed to amend.
Canada, Mexico, and the US have released a trilateral statement on the first round of NAFTA renegotiation talks, which they said covered more than two dozen different topics.
Nearly a third of Canadian small- and medium-sized firms say they are concerned about potential changes to the North American Free Trade Agreement.
Mayors from the border towns between the United States and Mexico, and the United States and Canada have called for a modernized North American Free Trade Agreement to remain in place.
Swiss asset management firm Prime Partners has entered into a non-prosecution agreement with the US Attorney's Office, under which it will pay a USD5bn settlement.
The number of US taxpayers penalized by the Internal Revenue Service for making mistakes or underpayments at quarterly tax-filing intervals has increased by a third over the past decade.
Canada will face political challenges if it accedes to US objectives in the renegotiation of NAFTA, according to a new report from think tank The Fraser Institute.
Canadian Foreign Affairs Minister Chrystia Freeland has said that the Government will push for NAFTA to be modernized and made more progressive when renegotiation talks with the US and Mexico get underway.
The US Internal Revenue Service has begun accepting country-by-country reports from multinational corporations.
The Irish Government is said to be nearing a deal with Apple that would protect the state from any losses that could arise while it holds in escrow the "state aid" money the EU has ordered the tech giant to pay back.