Tags » International Tax

Attention foreign investors in US real property! FIRPTA changes are coming

Few days ago Senate Finance Committee approved a Bill that would modify the FIRPTA – Foreign Investment in Real Property Tax Act. The affected foreign investors are primarily the shareholders of REIT – Real Estate Investment Trusts, however, the changes would also encompass other foreign investors in US real property. 118 more words

Global Tax

Nigeria: Reduced withholding tax rate regarding construction activities

The withholding tax rate has reduced from 5% to 2.5% which is applicable to all aspects of building, construction, and related activities. But for survey, design, and deliveries this withholding tax rate remains 5%. 33 more words


The Tax Treaty Briefing – February 2015

Allan Cinnamon is the trainer for the Quorum training courses on International Tax Planning Part 1 and Part 2. 116 more words

International Tax

Important News from IRS

American Opportunity Tax Credit not available to students on F1 visas

The American Opportunity Tax Credit is available to help eligible students and their parents offset the cost of higher education by reducing the amount of the federal income tax they owe. 314 more words

Global Tax

Luxembourg tax competition

Occupying a damp 1,000 square miles where the French, German and Belgian borders meet, the Grand Duchy of Luxembourg is a far cry from the palm-fringed tropical island tax haven of popular imagination. 283 more words

International Tax

Diverted Profit Tax

Accountancy firm PricewaterhouseCoopers (PwC) has been accused of promoting tax avoidance “on an industrial scale”, in a report by MPs.

It is said to have helped hundreds of clients cut their corporation tax bills by setting up bases in Luxembourg. 518 more words

International Tax

OECD publishes comments received on limiting base erosion through financial payments

On 11 February 2015 the OECD published on its website comments received from interested parties in respect of the discussion draft on interest deductions and other financial payments, corresponding to action 4 of the OECD/G20 action plan on base erosion and profit shifting (BEPS). 972 more words