May 23, 2019 U.S. International Tax This Week for May 23 Ernst & Young's U.S. International Tax This Week newsletter for the week ending May 23 is now available. Prepared by Ernst & Young's International Tax Services group, this weekly update summarizes important news, cases, and other developments in international taxation.
————————————————————————— Global trade disruption escalates to new heights (May 23) Domestic tax quarterly webcast series: A focus on state tax matters (May 29) BorderCrossings . . .With EY transfer pricing and tax professionals (May 30) Global payroll challenges for US employers - Hosted by Ernst & Young LLP and Bloomberg Tax (June 25) ————————————————————————— United States — May 22: Huawei and affiliates added to the Bureau of Industry and Security's Entity List effectively barring US exports to the company (Tax Alert 2019-0979) — May 20: Canada and US agree to remove tariffs and retaliatory surtaxes on steel and aluminum imports (Tax Alert 2019-0963) — May 20: US takes certain actions on Section 232 Automotive and Metals tariffs; Permanently removes Turkey from GSP eligibility (Tax Alert 2019-0961) — May 17: QUEST Trade Policy Brief examines possible economic effects of imposing additional US tariffs on EU goods (Tax Alert 2019-0952) Africa — May 17: Nigeria's Court of Appeal orders re-trial of case regarding applicability of certain taxes and levies to Nigerian Liquefied Natural Gas Limited (Tax Alert 2019-0955) Asia — May 23: Korea issues tax ruling clarifying interest withholding tax exemption on foreign currency denominated bonds (Tax Alert 2019-0984) — May 23: Indonesia issues new guidance on Mutual Agreement Procedure (Tax Alert 2019-0982) — May 21: Thailand issues guidance regarding International Business Center regime (Tax Alert 2019-0968) Canada & Latin America — May 22: Canada imposes final safeguard measures on imports of heavy steel plate and stainless-steel wire (Tax Alert 2019-0975) Europe — May 22: Greece transposes certain EU ATAD provisions into domestic tax legislation (Tax Alert 2019-0978) — May 21: ECOFIN discusses digital taxation, publishes updated list of non-cooperative jurisdictions for tax purposes (Tax Alert 2019-0967) — May 20: Switzerland approves tax reform (Tax Alert 2019-0960) — May 20: Italian Parliament introduces urgent measures for economic growth (Tax Alert 2019-0959) — May 20: The latest on BEPS as of May 20 (Tax Alert 2019-0958) — May 17: Romanian tax authorities revise position on whether a toll manufacturer creates fixed establishment for VAT purposes (Tax Alert 2019-0954) Middle East — May 23: Saudi Arabia announces excise tax changes (Tax Alert 2019-0983) Oceania — May 23: Australia re-elects Federal Coalition Government: Impact on tax policies (Tax Alert 2019-0980) ————————————————————————— Internal Revenue Bulletin
————————————————————————— Ernst & Young Client Portal, the leading source for news, analysis, and reference materials for corporate tax professionals, has a variety of content of interest to international tax practitioners, including: — International Tax Online Reference Service. Key information about, and important tax developments from, 56 foreign jurisdictions, including information on tax rates, interest rates and penalties, withholding, and filing dates. — EY/Passport. EY/Passport is your guide to planning ventures in the global economy, offering a wealth of tax and business knowledge on more than 150 countries. Because the matters covered herein are complicated, U.S. International Tax This Week should not be regarded as offering a complete explanation and should not be used for making decisions. Any decision concerning matters covered herein should be reviewed with a qualified tax advisor. | ||||
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