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Tax-News.com: Mauritius's FATCA Filing Deadline July 31

The Mauritius Revenue Authority on June 11, 2018, warned those financial institutions required to report information on the accounts of US persons under the US Financial Account Tax Compliance Act ...

Tax-News.com: DeFazio Tables US Anti-Profit Shifting Bill

US congressman Peter DeFazio (D-OR) has introduced legislation designed to amend the Tax Cuts and Jobs Act so that incentives for US corporations to shift income and production overseas are reduced...

Tax-News.com: TCJA Encourages Firms To Shift Profits Offshore, Says ITEP

Aspects of the tax reform legislation in the United States continue to provide an incentive for companies to shift profits offshore by providing more favorable tax treatment to foreign income than ...

Tax-News.com: Canada Told To Sharpen Corporate Tax Competitiveness

The IMF has said that the recent changes to the US tax system could make Canada a less attractive destination for investment. ...

Tax-News.com: AICPA Urges IRS To Augment Virtual Currency Guidance

The American Institute of CPAs has urged the Internal Revenue Service to supplement its guidance on the tax treatment of virtual currency transactions with answers to a set of frequently asked ques...

Tax-News.com: Surveys Suggest Taxpayers Satisfied With TCJA, Says Hatch

Both large and small businesses in the United States expect the measures included in the recently enacted tax reform legislation, the Tax Cuts and Jobs Act of 2017, to have a positive effect on the...

Tax-News.com: IRS Issues New Strategic Plan

Ensuring the successful implementation of the Tax Cuts and Jobs Act of 2017 remains the US Internal Revenue Service's highest priority, according to its new five-year Strategic Plan....

Tax-News.com: Global Carbon Tax Take Up 50 Percent In 2017

Governments raised about USD33bn in carbon pricing revenue last year, a 50 percent increase from 2016, according to a new update by the World Bank....

Tax-News.com: US CPAs Recommend Easing Tax Rules On Partners Of Audited Firms

The American Institute of Certified Public Accountants has recommended that proposed regulations regarding the Centralized Partnership Audit Regime should provide "maximum flexibility" in adjusting...

Tax-News.com: IRS Proposes To Prioritize Tax Cuts And Jobs Act Guidance

The United States Treasury Department and the Internal Revenue Service will delay a number of guidance projects until later years as they prioritize guidance connected with the tax reform provision...