United States Tax News
Indian decision on taxability of payments made to US credit rating agency
Protocol to treaty between United States and Denmark enters into force
The new protocol to the income tax treaty between the United States and Germany, signed on 1 June 2006, entered into force on 28 December 2007. The announcement was made in Treasury Department release hp-753 dated 2 January 2008. The new protocol applies from 1 January 2007 for withholding taxes, from 1 January 2008 for other taxes, and in respect of taxes on capital on items owned on or after 1 January 2008.
OECD released discussion draft on transactional profit methods
Treaty between India and the United States – Indian decision on existence of PE re computerized reservation system
IRS issues updated procedures for private letter rulings and other guidance from IRS National Office
Treaty between Russia and United States – Russian Ministry of Finance clarifies application of treaty re deduction of certain expenses incurred for purposes of PE
Protocol to treaty between United States and Finland enters into force
Tax Executives Institute submits comments to US Treasury Department on new US-Canada protocol
Treaty between United States and Belgium enters into force
Protocol to treaty between United States and Germany ratified
Protocol to treaty between United States and Finland ratified by US Senate
Protocol to treaty between United States and Denmark ratified by US Senate
Canada completes steps required to give effect to the fifth protocol to the Canada-US income tax treaty
Treaty between India and the United States – Indian Revenue clarifies availability of dispute settlement benefits in
US Treasury Department releases report on study of US tax treaties
Treaty between United States and Mexico – IRS to evaluate whether Mexican impuesto empresarial a tasa única qualifies for US tax credit
Treaty between United States and Belgium ratified
Treaty between United States and Belgium approved
IRS releases text of US-UK mutual agreement on definition of "first notification" under US-UK income tax treaty
Protocol to treaty between United States and Finland approved
Protocol to treaty between United States and Denmark approved
IRS makes revisions in proposed FTC regulations
Treaty between Iceland and United States – details
Regulations to Netherlands-US tax treaty published in the Netherlands (withholding tax reduction or refund)
Protocol to treaty between United States and Germany approved
Fifth protocol to treaty between Canada and US – details
Treaty between Iceland and United States signed
Treasury Department and IRS issues final regulations eliminating country-by-country reporting by US RICs
Treaty between Australia and US – ATO explains treaty shopping
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