Author: Wayne K. Berkowitz CPA, J.D., LL.M.

Rightfully so, we have all been occupied with the U.S. Supreme Court decision in Wayfair, but that doesn’t mean we should forget about the basics of sales tax planning. As has always been the case, a simple change in a transaction’s structure or the check of a box (or not) can either be a big money saver or a huge unexpected cost.

Read more: Sales Tax Slip-Ups; Back to Basics in the Age of Wayfair

Author: Richard Collier

Unfortunately, yes. Tax continues to be a challenge for the charity sector, and VAT is no exception. The VAT regime can be a mixed experience for charities. There are beneficial rules on advertising spend (potentially zero-rated), fund raising events (exempt if qualifying) & sales of donated goods (zero-rated) amongst others, but significant challenges remain.

Read more: Tax on charities – surely not?

There is broad agreement between global Tax Authorities that the means by which companies in the digital sector can be subject to corporate tax in overseas territories has not kept pace with the manner in which many multinationals today generate profits across multiple locations.

Specifically, current international rules make it difficult to apply tax on companies which generate income from customers in a particular territory, but without any need for employees or premises to be in that location. Current tax principles generally require some form of physical presence overseas to enable the Authorities to pin a corporate tax liability onto the entity.

Read more: Taxation of the Digital Economy – Changes are Coming

This article discusses final and non-final withholding taxes, and the recent changes to withholding tax on disposal of property assets in Australia that may apply to both Australian resident and non-resident tax payers.

Final withholding tax Non-residents are not required to disclose their interest, dividend and royalty income in an Australian income tax return, as final withholding tax is deducted.  The rates of withholding tax vary across the tax treaties signed with other countries and are broadly:

Read more: Update on Australian withholding tax

Author: Michael Eagan

The Tax Cuts and Jobs Act (TCJA) added new Code sections 1400Z-1 and -2 to incentivize investment in certain designated low income or distressed communities (known as “qualified opportunity zones”). The IRS recently released Notice 2018-48, which provides a complete list of these designated opportunity zones. The list, segregated by state, provides census tract data for each opportunity zone.

Read more: Opportunity Zones Created to Incentivize Investments in Low Income Communities