Tax-News.Com Live Tax Headlines Live Tax Headlines From Tax-News.Com en-us 2/22/2018 1:48:42 AM 2/22/2018 1:48:42 AM Global Energy Tax Regimes Falling Severely Short: OECD The OECD has released a new report analyzing energy use and tax regimes in 42 countries, which make up 80 percent of global energy use. The report calls on governments to adopt more effective use of taxes to cut harmful emissions from energy use. 2/14/2018 4:20:00 PM Australia's Board Of Taxation Considers Bare Trusts Tax Reform Australia's Board of Taxation has published the results of its review into the taxation of bare trusts. 2/14/2018 4:21:00 PM US House Approves Generalized System Of Preferences Bill On February 13, 2018, the US House of Representatives voted 400-2 to pass a bipartisan bill to renew the Generalized System of Preferences. 2/14/2018 4:22:00 PM India Clarifies Capital Gains Tax Changes India's Central Board of Direct Taxes has released further information on the long-term capital gains tax announced in the recent budget, in the form of a list of answers to frequently asked questions. 2/14/2018 4:21:00 PM China Sets Out How To Determine Beneficial Owner For Treaties On February 3, 2018, China's State Administration of Taxation set out new rules on the disallowance of tax treaty benefits where an entity fails to demonstrate it is the beneficial owner of Chinese assets from which passive income is derived. 2/13/2018 11:08:00 AM Tax-Related Identity Theft Down 40 Percent, IRS Says The Internal Revenue Service has announced steep declines in tax-related identity theft in 2017, attributing the success to its Security Summit initiative, a private-public sector partnership formed in 2015 to combat identity theft. 2/13/2018 11:09:00 AM Hungary Lowering VAT On Food The Hungarian Government has said that it will continue its policy of reducing rates of value-added tax on various foodstuffs in 2018 to boost domestic agriculture and reduce food prices. 2/13/2018 11:08:00 AM Australia Adds To Diverted Profits Tax Guidance The Australian Tax Office on February 7 released draft Practical Compliance Guideline 2018/D2 on the operation of Australia's Diverted Profits Tax for consultation. 2/13/2018 11:08:00 AM Ireland Announces 2018 Tax Revenue Targets The Irish Government is targeting a seven percent increase in revenue over 2017's tax take. 2/13/2018 11:08:00 AM New CbC Reporting Guidance Included In OECD's BEPS Update The Inclusive Framework on BEPS has released additional guidance to give certainty to tax administrations and MNE Groups alike on the implementation of Country-by-Country (CbC) reporting (BEPS Action 13). 2/13/2018 11:23:00 AM