The Internal Revenue Service launched tax season for individuals on February 15, 2021, highlighting the various supports available for taxpayers when preparing their returns.Read More

The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce.Read More

The Government of the British Virgin Islands has announced that it will seek to boost tax collections by modernizing tax administration, not by imposing new taxes.Read More

The Government of the Cayman Islands has published legislation in its Official Gazette to introduce a regulatory regime for virtual asset service providers (VASPs).Read More

French Minister of Finance Bruno Le Maire has reportedly said that France intends to collect the country’s digital services tax in December 2020.Read More

The OECD has released a new report on countries’ tax rules for virtual currencies, alongside an announcement that the Common Reporting Standard will be expanded next year to newly cover virtual currency assets.Read More

by Ulrika Lomas, Tax-News.com, Brussels 31 July 2020 The OECD has released peer review reports reviewing nine territories’ progress towards implementing the BEPS Action 14 standard, on improving tax dispute resolution. The peer review process is conducted in two stages: stage one seeks to evaluate implementation of the Action 14 minimum standard for Inclusive Framework...Read More

by Mike Godfrey, Tax-News.com, Washington 24 July 2020 The United States Council for International Business has called on US authorities to focus its efforts on working with other countries to arrive at an international tax solution to the digitalized economy, rather than tackling countries’ unilateral responses. On June 2, 2020, the United States Trade Representative...Read More

by Mike Godfrey, Tax-News.com Washington 17 July 2020 The Office of the US Trade Representative has announced that the US will impose additional duties of 25 percent on imports of certain French products from next year in response to the country’s decision to introduce a digital services tax (DST). The US considers that France’s DST...Read More

by Mike Godfrey, Tax-News.com Washington 17 July 2020 On July 13, 2020, the US Internal Revenue Service (IRS) issued a progress report on the last two years’ work of the J5 group of five advanced countries, who are working collaboratively to tackle cross-border tax fraud. The J5 group is made up of the tax enforcement...Read More