European Union: Further Developments On Tax Rulings In The EU

The EC is currently investigating under the State aid rules tax ruling practices in Ireland, Luxembourg, the Netherlands and Belgium. Broadly, the issue is selective advantageous treatment of particular companies or types of companies, which might be illegal under EU State aid law.

Separately, the EC proposed on 18 March 2015 a package of tax transparency measures designed to tackle “corporate tax avoidance and harmful tax competition in the EU”. The central component of the […]

By |April 14th, 2015|

United States: Tax Policy Update – March 31, 2015

NUMBER OF THE WEEK: $23 Billion
The total revenue generated by the additional Medicare tax and the net investment income tax used to pay for the Affordable Care Act. The total exceeds the Joint Committee on Taxation’s 2010 estimates by $2 billion according to the latest data from the Internal Revenue Service. The JCT expects the revenue to increase to $38.5 billion in 2019.
LEGISLATIVE LANDSCAPE
Dancing the Two Step to Tax Reform. House Ways and Means […]

By |April 14th, 2015|

Canada: Private Client Tax, Third Edition – Chapter: Canada

1. NON-TAX ISSUES
1.1 Domestic law

1.1.1 Briefly describe your legal system and its origins

Canada is a federal state, with legislative powers divided between the federal and provincial governments. The federal government has legislative jurisdiction over issues concerning Canada as a whole, including foreign affairs, international trade, banking, telecommunications, bankruptcy, intellectual property, immigration and criminal law. The federal government also has broad taxing powers and may levy both direct and indirect taxes. The provincial governments’ legislative […]

By |April 14th, 2015|