International taxes

The European Union is on course to hand dozens of U.K.-based companies a pre-Brexit tax bombshell, according to people familiar with a state-aid probe that could lead to bills exceeding 1 billion pounds ($1.3 billion).

The Internal Revenue Service and the Treasury Department are going to amend the Section 987 regulations to postpone them for another year.

Ernst & Young has released a study on some trends it is seeing at companies around the world.

Corporate tax rates are falling around the world. Inequality expert Gabriel Zucman questions the conventional wisdom that they will goose investment and economic growth.

A growing proportion of U.S.-born expatriates do not feel they should be required to file taxes while they live abroad and about one-fifth of them are considering renouncing their U.S. citizenship, according to a new survey.

The agency is waiving some of the late-payment penalties pertaining to the section 965 transition tax on foreign earnings in the new tax law.

A district court decision could require rethinking tax strategies on assets held abroad.

For multinationals and companies with international vendors and customers, maintaining compliance can be a slippery slope fraught with curveballs and unforeseen regulatory changes.

Frankfurt prosecutors confirmed that they have charged six people — including three former London-based investment bankers — for allegedly getting improper refunds on dividend tax.

A couple of weeks ago I had lunch with Sidney Kess and Chaya Siegfried.

European authorities indicated they are open to dropping a case against Ireland for failing to collecting Apple Inc.’s tax arrears quickly enough, as the company paid over a first tranche of cash.

The U.S. lost a bid to help Apple Inc.’s court fight against the European Union’s order to pay Ireland a record 13 billion euros ($15.3 billion) in unpaid taxes.

Cash-rich companies that had been some of the biggest buyers of corporate bonds have started selling their holdings after tax law changes, according to Bank of America Corp. strategists.

A proposed tax on financial transactions in 10 European Union countries could generate about 19.6 billion euros ($23.5 billion) of annual revenue, though Brexit could make collection more difficult, according to a new estimate.

A key figure disappeared from Apple Inc.’s latest quarterly report. It’s also gone from the regulatory filings of Netflix Inc., Microsoft Corp., Google’s Alphabet Inc. and Oracle Corp.

Criminals who pretend to be working for the IRS are asking for bank information from international taxpayers and non-resident aliens.

Sub-Saharan African countries could increase tax revenue by an average of 5 percent of gross domestic product — much more than what they receive in international aid — if they reform their tax policies, the International Monetary Fund said.

With trillions in corporate cash expected to be deemed repatriated under the TCJA, Checkpoint has published an analysis of the act's transition tax on deferred foreign earnings.

Tax professionals are anticipating more changes in state taxation in the aftermath of the tax reform law, according to a new survey.

Europe’s plan to tax large digital companies hit resistance at a meeting of the bloc’s finance ministers as delegates tussled between a French-backed push for a quick regional agreement and calls for a global solution.