The Tax Exchange
Tax discussions for the business leader
The best part of giveaways is that they are free to the fans – no increased ticket price, and more importantly, no sales tax! But does that mean the giveaways are tax free?
While it is true that fringe benefits were scratched by tax reform, the bleeding is relatively minor. Despite the level of damage, employers likely need to change some processes or reporting to comply and may also consider now a good time to do an employment tax check-up while the changes are being reviewed.
The Dutch government has recently enacted new legislation that has both expanded the scope of the Dutch dividend withholding tax, and provided for a new withholding tax exemption for certain non-EU shareholders.
India’s Central Board of Direct Taxes has recently introduced draft rules for public comment that implement master file and country-by-country (CbC) fling requirements.
Many businesses are analyzing their entity choice following the change in tax rates, and future exit strategies from the business will often be a big factor affecting the computations in those analyses. An employee stock ownership plan (ESOP) is a potential exit strategy that businesses should consider at the same time because of its unique tax characteristics.
Taxpayers with international activities will quickly realize that tax reform has taken the complex world of international taxation and added several additional layers of complexity.