by Mike Godfrey, Tax-News.com Washington 28 May 2020 On May 19, 2020, the United States Treasury Department and the Internal Revenue Service issued an Announcement which clarifies the interpretation of references in US income tax treaties to the North American Free Trade Agreement (NAFTA) once it is replaced by the Agreement between the United States,...Read More

by Mike Godfrey, Tax-News.com Washington 28 May 2020 On May 15, 2020, the United States House of Representatives approved the HEROES Act, which amends previous COVID-19-related stimulus legislation by changing loss carryback rules and providing further tax support for businesses and individuals. Highlights of the bill include the following: Losses The Coronavirus Aid, Relief, and...Read More

by Ulrika Lomas, Tax-News.com, Brussels 28 May 2020 French Finance Minister Bruno Le Maire has said that the Government intends to introduce a digital services tax this year. The French DST is a three percent tax on the revenue of digital companies providing advertising services, selling user data for advertising purposes, or performing intermediation services....Read More