by Mike Godfrey, Tax-News.com Washington 01 May 2020 On April 15, 2020, the United States Internal Revenue Service unveiled the “Get My Payment” online tool that will allow taxpayers to receive economic impact payments under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Under the CARES Act, all US residents with adjusted gross income...Read More

by Ulrika Lomas, Tax-News.com, Brussels 15 April 2020 The OECD has released guidance for national policymakers on the impact of COVID-19 on the treatment of cross-border workers and the interpretation of international tax treaty rules. “OECD Secretariat Analysis of Tax Treaties and the Impact of the COVID-19 Crisis” is available on the OECD’s website. The...Read More

by Mike Godfrey, Tax-News.com Washington 15 April 2020 On March 31, 2020, the United States Treasury Department and the Internal Revenue Service launched the Employee Retention Credit scheme, designed to encourage businesses to keep employees on their payroll amid the COVID-19 crisis. Included in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed...Read More

by Mike Godfrey, Tax-News.com Washington 15 April 2020 On March 27, 2020, the United States Treasury Department and the Internal Revenue Service issued a notice which extends COVID-19-related filing and payment relief to federal gift and generation-skipping taxes. For taxpayers with gift and generation-skipping transfer tax returns and payments due on April 15, 2020, Notice...Read More

Chris Hesse, Chair of the AICPA Tax Executive Committee, runs through the actions the AICPA advocated for in order to provide tax relief measures for tax practitioners during the COVID-19 pandemic.Read More

by Mike Godfrey, Tax-News.com Washington 30 March 2020 On March 25, 2020, the United States Senate overwhelmingly approved the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which represents the third package of financial aid measures to businesses and individuals affected by the coronavirus crisis and which includes numerous tax provisions to support businesses. Notable...Read More

by Mike Godfrey, Tax-News.com Washington 17 March 2020 On March 9, 2020, United States President Donald Trump revealed that the Administration would begin discussions with Congress on potential tax measures to ease the impact of the coronavirus outbreak, including a payroll tax cut. During a press briefing at the White House, Trump said that talks...Read More

by Mike Godfrey, Tax-News.com Washington 03 March 2020 The Joint Chiefs of Global Tax Enforcement (J5) recently gathered in Sydney, Australia, to review their work and to set priorities for the years ahead. The J5 group includes the tax enforcement authorities of Australia, Canada, the Netherlands, the UK, and the US, and was formed in...Read More

by Lorys Charalambous, Tax-News.com, Cyprus 03 March 2020 The finance ministers of France, Germany, Italy, and Spain have put their names to a statement calling for countries to reach an agreement on solving the tax challenges of the digital economy by the end of 2020. The statement was posted on the website of the German...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