by Ulrika Lomas, Tax-News.com, Brussels 20 February 2020 The EU has added the Cayman Islands, Palau, Panama, and the Seychelles to its list of non-cooperative tax jurisdictions, bringing the total tally to 12 from 8. On February 18, the European Council agreed the additions, stating that these jurisdictions had failed to implement the tax reforms...Read More

by Ulrika Lomas, Tax-News.com, Brussels 20 February 2020 In a new report for G20 ministers, the OECD has provided an update on its work to tackle tax base erosion and profit shifting relating to multinational businesses. The report notes that the Inclusive Framework on BEPS decided during its January 29-30 meeting to move ahead with...Read More

by Mike Godfrey, Tax-News.com Washington 20 February 2020 Democrats in the United States Senate have introduced a bill that would block proposals to introduce a “high-tax exemption” to the Global Intangible Low-Tax Income (GILTI) regime. The GILTI rules, included in section 250 of the Internal Revenue Code, are intended to discourage US corporations from shifting...Read More

by Ulrika Lomas, Tax-News.com, Brussels 20 February 2020 France’s Directorate General of Public Finance confirmed in a statement issued on February 10, 2020, that companies liable for the country’s digital services tax can delay payment upcoming installments of the tax until December 2020. The French DST is a three percent tax on the revenue of...Read More