International tax news

Here are some recent international tax news updates:

1. OECD's Global Tax Reform:

The Organization for Economic Cooperation and Development (OECD) has made significant progress on its global tax reform project, aimed at addressing base erosion and profit shifting (BEPS). The OECD has released a new framework for the allocation of taxing rights between countries, which is expected to be implemented by 2023.

2. US-China Trade Deal:

The United States and China have reached a trade deal, which includes provisions related to intellectual property, technology transfer, and tax. The deal aims to reduce the trade deficit between the two countries and promote fair competition.

3. EU's Digital Tax:

The European Union has proposed a digital tax on large technology companies, such as Google, Amazon, and Facebook. The tax would apply to companies with global revenues above €750 million and would aim to address the issue of digital companies not paying their fair share of taxes.

4. India's Tax Reforms:

India has introduced several tax reforms, including a new tax regime for individuals and a simplified tax return form. The reforms aim to reduce tax compliance burdens and increase tax revenues.

5. Brexit and Tax:

The United Kingdom's departure from the European Union (Brexit) has raised concerns about tax implications for businesses and individuals. The UK has introduced new tax rules, including a new points-based system for immigration and a new tax on digital services.

6. Australia's Tax Reforms:

Australia has introduced several tax reforms, including a new tax on multinational companies and a simplified tax return form. The reforms aim to address issues related to tax avoidance and increase tax revenues.

7. Canada's Tax Reforms:

Canada has introduced several tax reforms, including a new tax on digital services and a simplified tax return form. The reforms aim to address issues related to tax avoidance and increase tax revenues.

8. Switzerland's Tax Reforms:

Switzerland has introduced several tax reforms, including a new tax on wealth and a simplified tax return form. The reforms aim to address issues related to tax evasion and increase tax revenues.

9. South Africa's Tax Reforms:

South Africa has introduced several tax reforms, including a new tax on digital services and a simplified tax return form. The reforms aim to address issues related to tax avoidance and increase tax revenues.

10. Global Tax Transparency:

The OECD has launched a new initiative to improve global tax transparency, aimed at reducing tax evasion and avoidance. The initiative includes a new standard for country-by-country reporting and a new framework for automatic exchange of information.

These are just a few examples of recent international tax news updates. If you're interested in staying up-to-date with the latest tax news, I recommend following reputable tax news sources, such as the OECD, the International Monetary Fund (IMF), and tax publications like Tax Notes and International Tax Review.