Saturday, August 2, 2014

Global Tax News and Analysis

Tax Court Rejects Amazon Motion On Allocation of Cost Center Expenses

By Dolores Gregory July 28 —  The U.S. Tax Court denied Inc.’s motion for partial summary judgment, arguing that the Internal Revenue Service abused its discretion in the way it accounted for the company’s intangible development costs under a cost-sharing arrangement (, Inc. v. Commissioner, T.C., No. 31197-12, T.C.... [Read more of this article]

Japan Details Plans for Cross-Border E-Commerce Consumption Tax

By Yuriko Nagano July 25 —  The Japanese government has added details to its e-commerce tax initiative for products and services that are mainly downloadable, emphasizing plans to use a reverse-charge method for companies offering services to customers. The Ministry of Finance submitted to the Cabinet Office Tax Commission a proposed framework on... [Read more of this article]

Chair of OECD Working Party: September Revised Intangibles Chapter Won’t Be Final

By Kevin Bell July 23 —  Revised Chapter 6 of the Organization for Economic Cooperation and Development transfer pricing guidelines on intangibles, which will be released publicly by the organization in September, will not be final guidance, the chair of Working Party No. 6. said July 23. Michelle Levac, a transfer pricing specialist with the Canada... [Read more of this article]

UN BEPS Panel Plans October Report, Issues Responses From Brazil, Mexico, Singapore

By Kevin A. Bell July 17 —  A subcommittee of the United Nations’ Committee of Experts on International Cooperation in Tax Matters will report on base erosion and profit shifting issues to the committee in October, and has published details from a trio of countries on their experience on BEPS issues so far. Michael Lennard, chief of the UN’s... [Read more of this article]

Australia Nixes Carbon Tax; Environmental Groups Denounce Return to ‘Bad Old Days’

By Murray Griffin July 17 —  The Australian Senate July 17 abolished the country’s two-year-old carbon tax on the largest emitters of greenhouse gases, making good on the new conservative government’s pro-business pledge but raising questions about the country’s strategy to address climate change. The Senate passed, 39-32, a series... [Read more of this article]

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