TechWonk Blog Subsection
TechWonk Blog
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This week action occurred in France that received little notice. On Monday, the Assembl茅e Nationale passed digital services tax legislation that would apply a three percent tax on revenues derived from certain digital services, such as advertising. This action set in motion expedited consideration by the French S茅nat. Passage and adoption of this controversial tax looks likely. France has discussed [...]
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Across the globe, governments are realizing that outdated approaches -- from trade agreements to privacy guidelines 鈥� no longer address the needs of the modern economy. In response, many are quickly moving to update policies to better address today鈥檚 digital reality. But in some cases, this haste can lead to serious, unintended consequences that could cause more harm than good. In that vein, international [...]
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The United States last passed comprehensive tax reform in 1986 before anyone could conceive the transformative impact the digital economy would have on society. Businesses of all sizes are harnessing the power of the internet, entering new markets, selling goods and services, creating over 6.7 million tech jobs in the United States and around the world, and investing capital bolstering our economic [...]
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On Monday, 91pro视频 is hosting a tax reform conversation and the timing of this event could not be better鈥攖ax reform is a hot topic in the nation鈥檚 capital. The political alignment of the White House and Congress presents a generational opportunity to confront the deficiencies in the current U.S. tax system, while setting our nation on a course towards future prosperity. In the tech industry, we welcome [...]
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The months long debate between the U.S. government and the European Union (EU) regarding transatlantic tax policy took another turn this week with the Department of the Treasury further clarifying its position on the ongoing tax investigations being conducted by the European Commission. 91pro视频 agrees with the Treasury Department鈥檚 analysis and with its key conclusion鈥攖he Commission鈥檚 state aid cases represent [...]
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Today, 91pro视频 submitted comments to the IRS on the most significant change in tax policy proposed in decades. The rules in question relate to how our member companies track and classify inter-party loans and stand to fundamentally alter investment decisions moving forward. As the Treasury Department and the IRS move ahead with their rulemaking (undoubtedly with thousands of pages of comments in hand), [...]
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Appearing before the International Tax Policy Forum and Georgetown University Law Center Conference late last week, Jason Furman, Chairman of the President鈥檚 Council of Economic Advisors, threw cold water on an emerging aspect of turbo charging innovation policy鈥攖he American adoption of a so-called innovation box. In his speech, 鈥淓ncouraging Innovation and the Role of Tax Policy,鈥� Furman attempted [...]
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International tax policy has been a hot topic inside the Beltway since last year. With all the talk, policymakers and stakeholders alike have wondered what鈥檚 in store for 2016 and beyond. While passage of legislation remains uncertain this year, on Wednesday, the House Committee on Ways and Means helpfully furthered the conversation with its hearing 鈥淭he Global Tax Environment and Implications for [...]
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Actions by the European Commission are drawing attention from the highest levels of the U.S. government as concerns rise about the disproportionate scrutiny of U.S. based companies, the impact on the U.S. Treasury, and the potential undermining of long-standing international tax standards. In recent months, the European Commission has handed down decisions in two cases involving tax arrangements reached [...]
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It was all about Base Erosion and Profit Shifting (BEPS) for Congressional tax writers Tuesday. A number of experts testified on the Organisation for Economic Co-operation and Development鈥檚 (OECD) sprawling international tax project at hearings Tuesday morning at the House Ways and Means Committee, and that afternoon at the Senate Finance Committee. As discussed in an earlier TechWonk blog, the topic [...]