Tax Policy Blog

Tennessee’s Governor Lee Pushes to Clear Out Remnants of Income Taxation

Will Arizona Lead the Way on Full Expensing This Year?

Overview of Democratic Presidential Candidate Michael Bloomberg’s Tax Plan

How the Puerto Rico Disaster Package Targets Relief but Creates Tax Complexity

Governor Kelly’s Tax Proposals Can Be Targeted Towards Right-Sizing Kansas’ Tax Base

How Controlled Foreign Corporation Rules Look Around the World: Spain

The CFC legislation in Spain is not as complicated as it is in some other countries, and it is aligned with the standards recommended by the OECD. The Spanish rules have evolved in a way that the rules are designed to comply with the EU principles not to interrupt the functioning of the Union and its single market.

Profit Shifting: Evaluating the Evidence and Policies to Address It

The OECD has been working to assess the impact of their program of work, and it will be critical for this assessment to take into account impacts not only on revenues, but also on growth and investment.

FAQ on Digital Services Taxes and the OECD’s BEPS Project

What is a digital services tax (DST)? What countries have announced, proposed, or implemented a DST? What are some of the criticisms of a DST? What are alternatives to a DST? What is the OECD BEPS project and what is its main objective? What is the main objective of OECD Pillar 1? What is the main objective of OECD Pillar 2?

Bottled Spring Water Target of Taxes Once More

D.C. False Claims Act Bill Raises Legal and Practical Concerns

The Fiscal Reforms Agreed by Spain’s Coalition Government

The Davos Digital (Tax) Détente?

The past week has been nearly nonstop with news on various fronts of a dispute over taxation of digital businesses. The main characters have been the U.S., France, and the UK, although the EU and the OECD have also played roles. Though the dust is still settling, it is worth trying to tie the various events and arguments together.

Missouri Considers Remote Sales Legislation

Reforming Massachusetts Corporate Excise Tax for S Corporations

How Controlled Foreign Corporation Rules Look Around the World: France

In France, Controlled Foreign Corporation (CFC) rules were first enacted in 1980. The French tax regime operates on a strict territorial basis, where only profits generated in the country are subject to tax in France.

Maryland Legislators Want to Tax Online Advertising

New IRS Data on Taxes of U.S. Parented Multinationals in 2017

Iowa Governor Proposes Second Round of Tax Reform

Gig Economy Workers Get Boost from New IRS Dedicated Tax Center

How Controlled Foreign Corporation Rules Look Around the World: China

The Chinese approach to base erosion and profit shifting is more focused on the application of transfer pricing rules and not on the application of CFC rules. Even with the rules in place, the Chinese tax authorities have not enforced the rules as much as other countries have.