U.S. Treasury Secretary Steven Mnuchin raised serious questions about OECD inter...
) to book revenues in low-tax countries like Ireland regardless where the paying customer lives.
The imbroglio threatened to deepen tensions between Washington and Europe over a U.S. threat to impose 100% tariffs on a raft of French products, including Champagne, cheese and handbags, over France’s 3% digital services tax. In a letter to Gurria dated Tuesday, Mnuchin said Washington supported the OECD’s drive to enact tax reforms, but worried that changing the rules as proposed could affect “longstanding pillars of the international tax system.”
The U.S. proposal caught OECD officials by surprise. In a letter to Mnuchin, Gurria said it was the first time such an idea had surfaced despite lengthy consultations.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. proposal on international tax reform threatens deadlines: OECDThe United States latest proposal on reform of international tax rules could set...
Read more »
U.S. military base in Hawaii on lockdown after reports of shootingThe U.S. Joint Base Pearl Harbor-Hickam in Hawaii was on lockdown on Wednesday a...
Read more »
Corporate Tax Chiefs Voice Concerns About Global Minimum Tax ProposalExecutives at international companies chimed in on an Organization for Economic Cooperation and Development proposal that would introduce a global minimum tax and could result in higher tax payments for some companies.
Read more »
Gun-purchase background checks on track for record high in 2019With 2020 presidential candidates offering proposals to restrict access to firearms, fears appear to be driving up sales again.
Read more »
Pearl Harbor security forces respond to reported shootingSecurity forces at Joint Base Pearl Harbor-Hickam responded Wednesday to a reported shooting at the Pearl Harbor Naval Shipyard, officials said.
Read more »