United States Tax News

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U.S. House and Senate Republicans Continue to Urge Revisions to Proposed Debt-Equity Regulations

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U.S. IRS Releases 2015-2016 Priority Guidance Plan Fourth Quarter Update and the Initial 2016-2017 Plan

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Indian Tax Tribunal Holds that No Tax is Due on Payments for Taxation and Audit Services Provided Overseas

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U.S. Treasury List of International Boycott Countries Published

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U.S. Chamber of Commerce Files Lawsuit Challenging Rule Allowing IRS to Disregard Recent Acquisitions in Determining Inversion Thresholds

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Singapore and the U.S. to Negotiate TIEA and Reciprocal FATCA Agreement

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Facebook Facing Tax Liability of up to USD 5 Billion due to Intangibles Transfer Pricing Issues

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U.S. to No Longer Treat FATCA Agreements as in Effect if Not in Force

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G20 Finance Ministers Issue Communiqué following Chengdu Meeting

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U.S. IRS Publishes Practice Units on Qualified Business Units, Nonfunctional Currency Transactions and Exchange Gain/Loss on Currency Transactions

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Indian Tribunal Holds Fees for Overseas Marketing Services do Not Constitute FTS under Singapore and UK Tax Treaties

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U.S. Congressman Issues Alternate Tax Reform Plan

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New U.S. Disclosure Rules for Resource Extraction Issuers May be Fulfilled with Similar Reports Filed in Canada or the EU

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U.S. IRS Publishes Practice Units on FDAP Payments – Source of Income

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U.S. IRS Publishes Practice Units on Corporate Inversions and Failure to File Return of Transfer of Property to Foreign Corporation

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U.S. Senators Urge Treasury to Delay Proposed Debt-Equity regulations under IRC section 385

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82 Countries Committed to Implementation of Four Minimum Standards of OECD BEPS Project under Inclusive Framework

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U.S. CbC Regulations Published in Federal Register

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U.S. Final CbC Regulations Released

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US, Luxembourg agree to tax treaty changes to prevent double nontaxation

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House GOP Unveils Ambitious Tax Reform Plan

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U.S. Senators Request Exchange of Information Amendments in Pending Treaties/Protocols

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U.S. Multistate Tax Commission Presents Draft Information Exchange Agreement

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U.S. Tax Court Finds IRS Income Allocation Unreasonable

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European Commission Publishes Public Version of Letter to Luxembourg on Formal Investigation into Illegal State Aid Provided to McDonald's

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U.S. IRS Issues Interest Rates on Overpaid and Underpaid Tax for Q3 2016

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U.S. IRS Commissioner Urges Congress to Enact Legislation for the Implementation of CRS

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U.S. IRS Publishes Practice Units on Determination of Source of Income for FDAP Purposes and Related Withholding

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U.S. Treasury Finalizing Details of CbC Reporting Regs

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Costa Rica Negotiating TIEAs with Bermuda, Panama, South Korea and the U.A.E. and Protocol to TIEA with the U.S.

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